REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Rex Management Services LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Rex Management Services LLP |
Rex Management Services LLP (Registered number: OC327924) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Rex Management Services LLP |
General Information |
for the Year Ended 31 May 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Rex Management Services LLP (Registered number: OC327924) |
Balance Sheet |
31 May 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
129,075 |
125,003 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
117,602 |
121,111 |
MEMBERS' OTHER INTERESTS |
Other reserves | 8 |
129,075 | 125,003 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 117,602 | 121,111 |
Members' other interests | 11,473 | 3,892 |
129,075 | 125,003 |
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. |
Rex Management Services LLP (Registered number: OC327924) |
Balance Sheet - continued |
31 May 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Rex Management Services LLP (Registered number: OC327924) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
Rex Management Services 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 |
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 |
Computer equipment | - |
FINANCIAL INSTRUMENTS |
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the LLP's balance sheet when the LLP becomes party to the contractual provisions of the instrument. |
Cash and cash equivalents |
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less. |
Debtors |
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired. |
Trade creditors |
Trade creditors are not interest bearing and are stated at their nominal value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
Rex Management Services LLP (Registered number: OC327924) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2023 |
Disposals | ( |
) |
At 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 719 | 17,052 |
Other creditors |
Accrued expenses |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.5.24 | 31.5.23 |
£ | £ |
Amounts owed to members in respect of profits | 117,602 | 121,111 |
Falling due within one year | 117,602 | 121,111 |
Debts due to members rank equally with other creditors in the event of a winding up. |
Rex Management Services LLP (Registered number: OC327924) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
8. | RESERVES |
Other |
reserves |
£ |
At 1 June 2023 |
Undivided profit | 11,473 |
Allocation of prior year profit | (3,892 | ) |
At 31 May 2024 |
Other reserves comprise profits yet to be allocated to members. |