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REGISTERED NUMBER: OC383472 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

N.B. Shakespeare LLP

N.B. Shakespeare LLP (Registered number: OC383472)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.B. Shakespeare LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: N B Shakespeare
NSM Assets Limited





REGISTERED OFFICE: Unit 91 Haltwhistle Road
Western Industrial Estate
S Woodham Ferrers
Essex
CM3 5ZA





REGISTERED NUMBER: OC383472 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

N.B. Shakespeare LLP (Registered number: OC383472)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 487,500 731,250
Tangible assets 5 6,440,303 6,374,848
6,927,803 7,106,098

CURRENT ASSETS
Debtors 6 88,455 7,399
Cash at bank - 20,546
88,455 27,945
CREDITORS
Amounts falling due within one year 7 309,246 184,866
NET CURRENT LIABILITIES (220,791 ) (156,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,707,012

6,949,177

CREDITORS
Amounts falling due after more than one year 8 128,836 236,833
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,578,176

6,712,344

N.B. Shakespeare LLP (Registered number: OC383472)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 7,239,255 7,140,797
Other reserves (661,079 ) (428,453 )
6,578,176 6,712,344

TOTAL MEMBERS' INTERESTS
Members' other interests 6,578,176 6,712,344

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 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.

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 30 January 2025 and were signed by:





N B Shakespeare - Designated member

N.B. Shakespeare LLP (Registered number: OC383472)

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


1. STATUTORY INFORMATION

N.B. Shakespeare 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rental, trading and licence fee income received excluding value added tax and is measured at the fair value.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Income from fixed asset investments is recognised when the right to it has been established.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Intellectual property
Intellectual Property is amortised over its useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at rates in order to write off each asset over its estimated useful life. Depreciation in respect of freehold property and motor vehicles has not been charged, however, on the basis that the residual value exceeds the carrying value of the asset.

N.B. Shakespeare LLP (Registered number: OC383472)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment of assets
Fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 2,437,500
AMORTISATION
At 1 April 2023 1,706,250
Charge for year 243,750
At 31 March 2024 1,950,000
NET BOOK VALUE
At 31 March 2024 487,500
At 31 March 2023 731,250

N.B. Shakespeare LLP (Registered number: OC383472)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 474,848 5,900,000 6,374,848
Additions - 65,455 65,455
At 31 March 2024 474,848 5,965,455 6,440,303
NET BOOK VALUE
At 31 March 2024 474,848 5,965,455 6,440,303
At 31 March 2023 474,848 5,900,000 6,374,848

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   



Cost 474,848
474,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 88,455 7,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 94,781 96,000
Trade creditors 209,609 76,000
Taxation and social security 2,856 7,266
Other creditors 2,000 5,600
309,246 184,866

N.B. Shakespeare LLP (Registered number: OC383472)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 128,836 236,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 222,833 332,833