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REGISTERED NUMBER: OC327924 (England and Wales)















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: Rex Trade Associates Limited
S K M Williams
Mrs H A Williams





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QT





REGISTERED NUMBER: OC327924 (England and Wales)

Rex Management Services LLP (Registered number: OC327924)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 977 2,026

CURRENT ASSETS
Debtors 5 66,702 61,557
Cash at bank and in hand 77,314 149,681
144,016 211,238
CREDITORS
Amounts falling due within one year 6 15,918 88,261
NET CURRENT ASSETS 128,098 122,977
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 11,473 3,892
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 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 May 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.

Rex Management Services LLP (Registered number: OC327924)

Balance Sheet - continued
31 May 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 27 February 2025 and were signed by:





S K M Williams - Designated member

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
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.
Computer equipment - 33% on cost

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 1 (2023 - 1 ) .

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 4,481
Disposals (1,146 )
At 31 May 2024 3,335
DEPRECIATION
At 1 June 2023 2,455
Charge for year 1,049
Eliminated on disposal (1,146 )
At 31 May 2024 2,358
NET BOOK VALUE
At 31 May 2024 977
At 31 May 2023 2,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 6,169 6,053
Prepayments and accrued income 60,533 55,504
66,702 61,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 75
Social security and other taxes - 934
VAT 719 17,052
Other creditors 12,999 68,000
Accrued expenses 2,200 2,200
15,918 88,261

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 3,892
Undivided profit 11,473
Allocation of prior year profit (3,892 )
At 31 May 2024 11,473

Other reserves comprise profits yet to be allocated to members.