Registered No. OC442699 (England and Wales)
Stowable LLP
Unaudited accounts
for the year ended 30 June 2024
Stowable LLP
LLP Information
for the year ended 30 June 2024
Designated members
Mr James Mugleston
Registered Number
OC442699 (England and Wales)
Registered Office
Hammonds Farm Stapleford road
Stapleford Tawney
Romford
Essex
RM4 1RR
Stowable LLP
Statement of financial position
as at 30 June 2024
Intangible assets
69,507
48,647
Tangible assets
9,680
10,272
Cash at bank and in hand
4,042
11,178
Creditors: amounts falling due within one year
(23,538)
(30,372)
Net current liabilities
(19,177)
(17,059)
Net assets attributable to members
60,010
41,860
Members' capital classified as equity
137,227
70,460
Other reserves
(77,217)
(28,600)
Members' other interests
60,010
41,860
For the year ending 30 June 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 22 January 2024.
Mr James Mugleston
Designated member
Limited Liability Partnership Registration No. OC442699
Stowable LLP
Notes to the Accounts
for the year ended 30 June 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line 33%
Fixtures & fittings
Straight line 33%
Computer equipment
Straight line 33%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stowable LLP is a limited liability partnership, incorporated in England and Wales, registration number OC442699. Its registered office is Hammonds Farm Stapleford road, Stapleford Tawney, Romford, Essex, RM4 1RR.
3
Intangible fixed assets
Other
Charge for the year
12,162
Stowable LLP
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
4,146
4,194
2,524
10,864
At 30 June 2024
4,146
4,194
2,524
10,864
At 1 July 2023
230
292
70
592
Charge for the year
230
292
70
592
At 30 June 2024
460
584
140
1,184
At 30 June 2024
3,686
3,610
2,384
9,680
At 30 June 2023
3,916
3,902
2,454
10,272
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,538
30,372
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).