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REGISTERED NUMBER: OC369656 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

GRAEME BRUCE & PARTNERS LLP

GRAEME BRUCE & PARTNERS LLP (REGISTERED NUMBER: OC369656)






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


GRAEME BRUCE & PARTNERS LLP

General Information
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: G A Davis
Graeme Bruce Limited





REGISTERED OFFICE: 940 Green Lanes
London
N21 2AD





REGISTERED NUMBER: OC369656 (England and Wales)





ACCOUNTANTS: Graeme Bruce & Partners LLP
940 Green Lanes
London
N21 2AD

GRAEME BRUCE & PARTNERS LLP (REGISTERED NUMBER: OC369656)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 120,000
Tangible assets 5 57,033 72,271
177,033 192,271

CURRENT ASSETS
Stocks 56,500 68,200
Debtors 6 361,229 316,370
Cash at bank 108,941 122,849
526,670 507,419
CREDITORS
Amounts falling due within one year 7 176,941 123,375
NET CURRENT ASSETS 349,729 384,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,762

576,315

CREDITORS
Amounts falling due after more than one
year

8

26,447

76,911
NET ASSETS ATTRIBUTABLE TO
MEMBERS

500,315

499,404

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

500,315

499,404

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 500,315 499,404

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.

GRAEME BRUCE & PARTNERS LLP (REGISTERED NUMBER: OC369656)

Balance Sheet - continued
31 MARCH 2024


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 31 January 2025 and were signed by:





G A Davis - Designated member

GRAEME BRUCE & PARTNERS LLP (REGISTERED NUMBER: OC369656)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Graeme Bruce & Partners 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 120,000
NET BOOK VALUE
At 31 March 2024 120,000
At 31 March 2023 120,000

GRAEME BRUCE & PARTNERS LLP (REGISTERED NUMBER: OC369656)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 149,673
Disposals (15,898 )
At 31 March 2024 133,775
DEPRECIATION
At 1 April 2023 77,402
Charge for year 12,840
Eliminated on disposal (13,500 )
At 31 March 2024 76,742
NET BOOK VALUE
At 31 March 2024 57,033
At 31 March 2023 72,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 361,229 316,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,832 15,656
Taxation and social security 49,362 50,830
Other creditors 107,747 56,889
176,941 123,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 26,447 76,911

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank above other creditors.