Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 March 2024 31 March 2024 OC321474 Mrs K Duke Mr R Duke Mr A Norman Mr T Duke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC321474 2023-08-31 OC321474 2024-03-31 OC321474 2023-09-01 2024-03-31 OC321474 frs-core:CurrentFinancialInstruments 2024-03-31 OC321474 frs-core:FurnitureFittings 2024-03-31 OC321474 frs-core:FurnitureFittings 2023-09-01 2024-03-31 OC321474 frs-core:FurnitureFittings 2023-08-31 OC321474 frs-core:MotorVehicles 2024-03-31 OC321474 frs-core:MotorVehicles 2023-09-01 2024-03-31 OC321474 frs-core:MotorVehicles 2023-08-31 OC321474 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC321474 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-03-31 OC321474 frs-bus:FilletedAccounts 2023-09-01 2024-03-31 OC321474 frs-bus:SmallEntities 2023-09-01 2024-03-31 OC321474 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC321474 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-03-31 OC321474 frs-countries:EnglandWales 2023-09-01 2024-03-31 OC321474 frs-bus:PartnerLLP1 2023-09-01 2024-03-31 OC321474 frs-bus:PartnerLLP2 2023-09-01 2024-03-31 OC321474 frs-bus:PartnerLLP3 2023-09-01 2024-03-31 OC321474 frs-bus:PartnerLLP4 2023-09-01 2024-03-31 OC321474 2022-08-31 OC321474 2023-08-31 OC321474 2022-09-01 2023-08-31 OC321474 frs-core:CurrentFinancialInstruments 2023-08-31 OC321474 frs-core:OtherReservesSubtotal 2022-08-31
Registered number: OC321474
Dukes Financial Planning LLP
Unaudited Financial Statements
For the Period 1 September 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC321474
31 March 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,033 11,914
28,033 11,914
CURRENT ASSETS
Debtors 5 1,000 7,036
Cash at bank and in hand 233,507 247,476
234,507 254,512
Creditors: Amounts Falling Due Within One Year 6 (3,160 ) (3,648 )
NET CURRENT ASSETS (LIABILITIES) 231,347 250,864
TOTAL ASSETS LESS CURRENT LIABILITIES 259,380 262,778
NET ASSETS ATTRIBUTABLE TO MEMBERS 259,380 262,778
REPRESENTED BY:
Loans and other debts due to members
Other amounts 259,380 262,778
259,380 262,778
259,380 262,778
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 259,380 262,778
259,380 262,778
Page 1
Page 2
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs K Duke
Designated Member
9 December 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Other amounts Total members' interest
£ £ £
Amounts due to members - 239,327 -
Balance at 1 September 2022 - 239,327 239,327
Members' remuneration charged as an expense, including employment and retirement benefit costs - 163,260 163,260
Profit/(loss) for the financial year available for discretionary division among members 55,042 - 55,042
Members' interests after profit/(loss) for the year 55,042 402,587 457,629
Other divisions of profits (losses) (55,042) 55,042 -
Drawings - (194,851) (194,851)
Amounts due to members - 262,778 -
As at 31 August 2023 and 1 September 2023 - 262,778 262,778
Members' remuneration charged as an expense, including employment and retirement benefit costs - 112,500 112,500
Profit/(loss) for the financial year available for discretionary division among members 37,467 - 37,467
Members' interests after profit/(loss) for the year 37,467 375,278 412,745
Other divisions of profits (losses) (37,467) 37,467 -
Drawings - (153,365) (153,365)
Amounts due to members - 259,380 -
As at 31 March 2024 - 259,380 259,380
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Dukes Financial Planning LLP is a limited liability partnership, incorporated in England & Wales, registered number OC321474 . The Registered Office is Abacus House, 68a North Street, Romford, Essex, RM1 1DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover represents commissions receivable during the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% per anuum reducing balance
Fixtures & Fittings 25% per anuum reducing balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 41,630 31,492 73,122
Additions 26,245 - 26,245
Disposals (41,630 ) - (41,630 )
As at 31 March 2024 26,245 31,492 57,737
Depreciation
As at 1 September 2023 34,574 26,634 61,208
Provided during the period 3,244 708 3,952
Disposals (35,456 ) - (35,456 )
As at 31 March 2024 2,362 27,342 29,704
Net Book Value
As at 31 March 2024 23,883 4,150 28,033
As at 1 September 2023 7,056 4,858 11,914
Page 4
Page 5
5. Debtors
31 March 2024 31 August 2023
£ £
Due within one year
Trade debtors 1,000 -
Other debtors - 7,036
1,000 7,036
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 August 2023
£ £
Other creditors 3,002 3,420
Taxation and social security 158 228
3,160 3,648
Page 5