Registration number:
Ripe Limited Liability Partnership
trading as
for the Year Ended 31 March 2024
Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
Contents
Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
Limited liability partnership information
Designated members |
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Registered office |
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Principal place of business |
9A Burroughs Gardens |
Accountants |
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Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
(Registration number: OC327651)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
72,944 |
41,700 |
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Current assets |
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Stocks |
183,356 |
187,339 |
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Debtors |
499,978 |
515,671 |
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Cash and short-term deposits |
49,269 |
91,192 |
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732,603 |
794,202 |
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Creditors: Amounts falling due within one year |
(677,814) |
(477,293) |
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Net current assets |
54,789 |
316,909 |
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Net assets attributable to members |
127,733 |
358,609 |
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Represented by: |
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Total members' interests |
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Equity |
127,733 |
358,609 |
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127,733 |
358,609 |
For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The designated member of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.
The financial statements of Ripe Limited Liability Partnership (registered number OC327651) were approved by the
Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
(Registration number: OC327651)
Balance Sheet as at 31 March 2024
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Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
Notes to the Financial Statements for the Year Ended 31 March 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The financial statements have been prepared under the historical cost convention and fair value accounting in accordance with the Financial Reporting Standard 102 1a for Smaller Entities
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
other taxes policy
Intangible assets
Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
Tangible fixed assets
Tangible fixed asseets are stated in the balance sheet at cost less any accumulated depreciation.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful econmic life.
Work in progress
Work in progress is valued at the lower of cost and net realisable.
Pensions and other post retirement obligations
The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
Notes to the Financial Statements for the Year Ended 31 March 2024
Intangible fixed assets |
Patents |
Total |
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Amortisation |
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Charge for the year |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
- |
- |
Tangible fixed assets |
Freehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
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Cost |
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At 1 April 2023 |
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Additions |
- |
- |
- |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
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At 31 March 2023 |
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Ripe Limited Liability Partnership
trading as Ripe Chartered Accountants
Notes to the Financial Statements for the Year Ended 31 March 2024
Office equipment |
Total |
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Cost |
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At 1 April 2023 |
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Additions |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
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At 31 March 2023 |
- |
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Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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Total current trade and other debtors |
499,978 |
515,671 |