IRIS Accounts Production v24.3.2.46 OC353890 designated member 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3538902023-09-30OC3538902024-09-30OC3538902023-10-012024-09-30OC3538902022-09-30OC3538902022-10-012023-09-30OC3538902023-09-30OC353890ns15:EnglandWales2023-10-012024-09-30OC353890ns14:PoundSterling2023-10-012024-09-30OC353890ns10:PartnerLLP12023-10-012024-09-30OC353890ns10:LimitedLiabilityPartnershipLLP2023-10-012024-09-30OC353890ns10:SmallEntities2023-10-012024-09-30OC353890ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30OC353890ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30OC353890ns10:LimitedLiabilityPartnershipsSORP2023-10-012024-09-30OC353890ns10:FullAccounts2023-10-012024-09-30OC353890ns10:PartnerLLP22023-10-012024-09-30OC353890ns10:RegisteredOffice2023-10-012024-09-30OC353890ns5:CurrentFinancialInstruments2024-09-30OC353890ns5:CurrentFinancialInstruments2023-09-30OC353890ns5:PlantMachinery2023-09-30OC353890ns5:MotorVehicles2023-09-30OC353890ns5:PlantMachinery2023-10-012024-09-30OC353890ns5:MotorVehicles2023-10-012024-09-30OC353890ns5:PlantMachinery2024-09-30OC353890ns5:MotorVehicles2024-09-30OC353890ns5:PlantMachinery2023-09-30OC353890ns5:MotorVehicles2023-09-30OC353890ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30OC353890ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: OC353890 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

O.P. SECRETAN LLP

O.P. SECRETAN LLP (REGISTERED NUMBER: OC353890)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


O.P. SECRETAN LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DESIGNATED MEMBERS: S C Baldey
Mrs S A W Baldey





REGISTERED OFFICE: 121 High Street
Hurstpierpoint
West Sussex
BN6 9PU





REGISTERED NUMBER: OC353890 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

O.P. SECRETAN LLP (REGISTERED NUMBER: OC353890)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,195 10,925

CURRENT ASSETS
Debtors 5 20,447 33,627
Cash at bank and in hand 108,898 121,101
129,345 154,728
CREDITORS
Amounts falling due within one year 6 5,307 43,053
NET CURRENT ASSETS 124,038 111,675
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

132,233

122,600

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

132,233

122,600

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 132,233 122,600

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 January 2025 and were signed by:





S C Baldey - Designated member

O.P. SECRETAN LLP (REGISTERED NUMBER: OC353890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

O.P. Secretan LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at fair value of the consideration received or receivable.

Revenue from commissions is recognised when brokerage services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance method
Motor vehicles - 25% on reducing balance method

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Foreign currencies
Transactions in foreign currencies are recorded at the spot exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

O.P. SECRETAN LLP (REGISTERED NUMBER: OC353890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 22,837 19,948 42,785
DEPRECIATION
At 1 October 2023 12,598 19,262 31,860
Charge for year 2,559 171 2,730
At 30 September 2024 15,157 19,433 34,590
NET BOOK VALUE
At 30 September 2024 7,680 515 8,195
At 30 September 2023 10,239 686 10,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,776 28,138
Other debtors 5,671 5,489
20,447 33,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,905 1,937
Other creditors 3,402 41,116
5,307 43,053

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.