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REGISTERED NUMBER: OC355284 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

GH Canfields LLP

GH Canfields LLP (Registered number: OC355284)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GH Canfields LLP

General Information
for the year ended 31 July 2023







DESIGNATED MEMBERS: Ms J B Shulman
N P Shulman
M J Shulman
A D B Taylor





REGISTERED OFFICE: Apartment 4, Forsyte Shades
82 Lilliput Road
Poole
BH14 8LA





REGISTERED NUMBER: OC355284 (England and Wales)





ACCOUNTANTS: J C Associates
Chartered Certified Accountants
& Chartered Accountants
29 The Avenue
Harrow
HA3 7DB

GH Canfields LLP (Registered number: OC355284)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,693 13,155

CURRENT ASSETS
Stocks 5 655,000 312,000
Debtors 6 2,784,703 2,469,325
Cash in hand 2,685 2,685
3,442,388 2,784,010
CREDITORS
Amounts falling due within one year 7 2,640,901 2,175,527
NET CURRENT ASSETS 801,487 608,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,180

621,638

CREDITORS
Amounts falling due after more than one year 8 49,061 49,061
NET ASSETS ATTRIBUTABLE TO
MEMBERS

764,119

572,577

LOANS AND OTHER DEBTS DUE TO
MEMBERS

764,119

572,577

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 764,119 572,577
Amounts due from members 6 (979,802 ) (1,078,913 )
(215,683 ) (506,336 )

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 31 July 2023.

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.

GH Canfields LLP (Registered number: OC355284)

Balance Sheet - continued
31 July 2023


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 14 January 2025 and were signed by:





Ms J B Shulman - Designated member

GH Canfields LLP (Registered number: OC355284)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

GH Canfields 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 77,186 5,382 21,375 103,943
DEPRECIATION
At 1 August 2022 64,031 5,382 21,375 90,788
Charge for year 1,462 - - 1,462
At 31 July 2023 65,493 5,382 21,375 92,250
NET BOOK VALUE
At 31 July 2023 11,693 - - 11,693
At 31 July 2022 13,155 - - 13,155

5. STOCKS
31.7.23 31.7.22
£    £   
Work-in-progress 655,000 312,000

GH Canfields LLP (Registered number: OC355284)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 986,979 723,493
Capital On Tap 25,870 -
Amounts due from members 979,802 1,078,913
Other debtors 748,316 623,267
VAT 43,736 43,652
2,784,703 2,469,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 450,321 478,562
Loan account-HB Shulman 310,054 286,582
Trustees of JE Shulman Trust 123,862 123,862
Social security and other taxes 1,345 19,701
Wages control account (331,455 ) (336,507 )
Other creditors 2,076,483 1,602,127
Canfield place advisory serv 6,580 -
Accrued expenses 3,711 1,200
2,640,901 2,175,527

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Loans 49,061 49,061