Registered number
OC404156
R N Catering London LLP
Filleted Accounts
31 July 2024
R N Catering London LLP
Registered number: OC404156
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 433,829 381,222
Current assets
Stocks 32,430 29,072
Debtors 4 72,425 191,504
Cash at bank and in hand 21,622 80,684
126,477 301,260
Creditors: amounts falling due within one year 5 (1,032,063) (1,030,150)
Net current liabilities (905,586) (728,890)
Total assets less current liabilities (471,757) (347,668)
Creditors: amounts falling due after more than one year 6 (68,475) (141,971)
Net liabilities attributable to members (540,232) (489,639)
Represented by:
Loans and other debts due to members 8 (540,235) (489,642)
Members' other interests
Members' capital classified as equity 3 3
(540,232) (489,639)
Total members' interests
Loans and other debts due to members 8 (540,235) (489,642)
Members' other interests 3 3
(540,232) (489,639)
For the year ended 31 July 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 11 December 2024 and signed on their behalf by:
Mr Mahboob Hussain
Designated member
R N Catering London LLP
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 10% reducing balance basis
Motor Vehicles 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 22 15
3 Tangible fixed assets
Fixtures and equipment Motor vehicles Total
£ £ £
Cost
At 1 August 2023 415,567 49,835 465,402
Additions 98,278 5,208 103,486
At 31 July 2024 513,845 55,043 568,888
Depreciation
At 1 August 2023 77,951 6,229 84,180
Charge for the year 38,676 12,203 50,879
At 31 July 2024 116,627 18,432 135,059
Net book value
At 31 July 2024 397,218 36,611 433,829
At 31 July 2023 337,616 43,606 381,222
4 Debtors 2024 2023
£ £
Trade debtors 72,425 191,504
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 72,357 286,503
Obligations under finance lease and hire purchase contracts 9,873 10,326
Trade creditors 942,025 715,587
Other taxes and social security costs 7,808 17,734
1,032,063 1,030,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 68,475 133,311
Obligations under finance lease and hire purchase contracts - 8,660
68,475 141,971
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 140,832 438,800
[Give an indication of the nature and form of the security for the bank loans]
8 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (540,235) (489,642)
Amounts falling due within one year (540,235) (489,642)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Other information
R N Catering London LLP is a limited liability partnership incorporated in England. Its registered office is:
18 Aintree Road
Perivale
Greenford
UB6 7LA
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