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Registration number: OC327651

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Contents

Limited liability partnership information

1

Financial Statements

2 to 6

Balance Sheet

2

Notes to the Financial Statements

4

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Limited liability partnership information

Designated members

Ripe Limited

Mr Robert Glazer

Mrs Pratima Glazer
 

Registered office

9A Burroughs Gardens
London
NW4 4AU

Principal place of business

9A Burroughs Gardens
London
NW4 4AU

Accountants

Ripe LLP
9A Burroughs Gardens
London
NW4 4AU

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

(Registration number: OC327651)
Balance Sheet as at 31 March 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

4

72,944

41,700

Current assets

 

Stocks

183,356

187,339

Debtors

499,978

515,671

Cash and short-term deposits

 

49,269

91,192

 

732,603

794,202

Creditors: Amounts falling due within one year

(677,814)

(477,293)

Net current assets

 

54,789

316,909

Net assets attributable to members

 

127,733

358,609

Represented by:

 

Total members' interests

 

Equity

 

127,733

358,609

   

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 Board and authorised for issue on 25 January 2025. They were signed on behalf of the limited liability partnership by:

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

(Registration number: OC327651)
Balance Sheet as at 31 March 2024

.........................................
Mr Robert Glazer
Designated member

.........................................
Mrs Pratima Glazer
Designated member

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Notes to the Financial Statements for the Year Ended 31 March 2024

1

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.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2023 - 2).

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Notes to the Financial Statements for the Year Ended 31 March 2024

3

Intangible fixed assets

Patents
 £

Total
£

Cost

At 1 April 2023

1,152

1,152

At 31 March 2024

1,152

1,152

Amortisation

Charge for the year

1,152

1,152

At 31 March 2024

1,152

1,152

Net book value

At 31 March 2024

-

-

4

Tangible fixed assets

Freehold land and buildings
£

Plant and machinery
 £

Fixtures and fittings
 £

Motor vehicles
 £

Cost

At 1 April 2023

42,650

20,612

160,329

43,000

Additions

-

-

-

41,611

At 31 March 2024

42,650

20,612

160,329

84,611

Depreciation

At 1 April 2023

21,325

19,771

142,672

41,123

Charge for the year

4,265

484

2,867

8,697

At 31 March 2024

25,590

20,255

145,539

49,820

Net book value

At 31 March 2024

17,060

357

14,790

34,791

At 31 March 2023

21,325

841

17,657

1,877

 

Ripe Limited Liability Partnership

trading as Ripe Chartered Accountants

Notes to the Financial Statements for the Year Ended 31 March 2024

Office equipment
 £

Total
£

Cost

At 1 April 2023

43,799

310,390

Additions

7,929

49,540

At 31 March 2024

51,728

359,930

Depreciation

At 1 April 2023

43,799

268,690

Charge for the year

1,983

18,296

At 31 March 2024

45,782

286,986

Net book value

At 31 March 2024

5,946

72,944

At 31 March 2023

-

41,700

5

Debtors

2024
£

2023
£

Trade debtors

142,056

114,491

Other debtors

357,922

401,180

Total current trade and other debtors

499,978

515,671