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REGISTERED NUMBER: OC416590 (England and Wales)


















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Roberts Family Partnership LLP

Roberts Family Partnership LLP (Registered number: OC416590)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Roberts Family Partnership LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs T Jordan-Roberts
M Roberts
Advance Properties (Nottingham) Ltd





REGISTERED OFFICE: 156 Brownlow Drive
Rise Park
Nottingham
NG5 5DE





REGISTERED NUMBER: OC416590 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Roberts Family Partnership LLP (Registered number: OC416590)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs T Jordan-Roberts
M Roberts
Advance Properties (Nottingham) Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £306,465 (2023 - £409,163 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Roberts - Designated member


27 January 2025

Roberts Family Partnership LLP (Registered number: OC416590)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 604,138 539,642

Administrative expenses (214,561 ) (73,628 )
OPERATING PROFIT 4 389,577 466,014


Interest payable and similar expenses (83,112 ) (56,851 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




306,465




409,163

Roberts Family Partnership LLP (Registered number: OC416590)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 7,572,325 7,585,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,572,325

7,585,464

CREDITORS
Amounts falling due after more than one
year

6

1,558,075

1,558,075
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,014,250

6,027,389

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

6,014,250

6,027,389

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 6,014,250 6,027,389

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 January 2025 and were signed by:





M Roberts - Designated member

Roberts Family Partnership LLP (Registered number: OC416590)

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

1. STATUTORY INFORMATION

Roberts Family Partnership 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.
Plant and machinery etc - 50% on reducing balance and 33% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 2,272 8,360

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 7,568,180 168,174 7,736,354
Disposals - (110,000 ) (110,000 )
At 31 March 2024 7,568,180 58,174 7,626,354
DEPRECIATION
At 1 April 2023 - 150,890 150,890
Charge for year - 2,272 2,272
Eliminated on disposal - (99,133 ) (99,133 )
At 31 March 2024 - 54,029 54,029
NET BOOK VALUE
At 31 March 2024 7,568,180 4,145 7,572,325
At 31 March 2023 7,568,180 17,284 7,585,464

Roberts Family Partnership LLP (Registered number: OC416590)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,558,075 1,558,075

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,558,075 1,558,075

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members rank ahead of other creditors in a liquidation.