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REGISTERED NUMBER: OC427184 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

BOULTER & CO. LLP

BOULTER & CO. LLP (REGISTERED NUMBER: OC427184)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024










Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BOULTER & CO. LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mr J Appleton
Mr A A Joannides
Mrs S A Louca





REGISTERED OFFICE: 1st Floor
11-19 Park Road
London
N8 8TE





REGISTERED NUMBER: OC427184 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

BOULTER & CO. LLP (REGISTERED NUMBER: OC427184)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,450 178,200
Tangible assets 5 158,705 173,686
312,155 351,886

CURRENT ASSETS
Stocks 58,575 137,118
Debtors 469,217 216,145
Cash at bank and in hand 9,144,910 8,871,765
9,672,702 9,225,028
CREDITORS
Amounts falling due within one year 9,487,253 9,178,542
NET CURRENT ASSETS 185,449 46,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,604

398,372

CREDITORS
Amounts falling due after more than one
year

33,210

37,701
NET ASSETS ATTRIBUTABLE TO
MEMBERS

464,394

360,671

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

464,394

360,671

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 464,394 360,671

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 period ended 31 March 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.

BOULTER & CO. LLP (REGISTERED NUMBER: OC427184)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 8 January 2025 and were signed by:





Mr A A Joannides - Designated member

BOULTER & CO. LLP (REGISTERED NUMBER: OC427184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Boulter & Co. LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue that has not yet been billed to clients, where it is probable that the future economic benefits will flow to the partnership, is included in work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost consists of staff salary costs and direct expenses together with an appropriate proportion of overheads. Net realisable value is based on estimated amount to be billed for services provided less further costs expected to be incurred to completion. Payments received on account of work in progress are shown as a deduction from gross work in progress.

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 24 (2023 - 19 ) .

BOULTER & CO. LLP (REGISTERED NUMBER: OC427184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 March 2024 297,000
AMORTISATION
At 1 June 2023 118,800
Amortisation for period 24,750
At 31 March 2024 143,550
NET BOOK VALUE

At 31 March 2024 153,450
At 31 May 2023 178,200

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 220,192
Additions 3,161
At 31 March 2024 223,353
DEPRECIATION
At 1 June 2023 46,506
Charge for period 18,142
At 31 March 2024 64,648
NET BOOK VALUE
At 31 March 2024 158,705
At 31 May 2023 173,686

6. 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.