Browns Classics LLP OC425315 false 2022-10-01 2024-03-31 2024-03-31 The principal activity of the company is vehicle storage. Digita Accounts Production Advanced 6.30.9574.0 OC425315 2022-10-01 2024-03-31 OC425315 2024-03-31 OC425315 core:CurrentFinancialInstruments 2024-03-31 OC425315 core:WithinOneYear 2024-03-31 OC425315 core:MotorVehicles 2024-03-31 OC425315 core:OfficeEquipment 2024-03-31 OC425315 core:PlantMachinery 2024-03-31 OC425315 bus:SmallEntities 2022-10-01 2024-03-31 OC425315 bus:AuditExemptWithAccountantsReport 2022-10-01 2024-03-31 OC425315 bus:FilletedAccounts 2022-10-01 2024-03-31 OC425315 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2024-03-31 OC425315 bus:RegisteredOffice 2022-10-01 2024-03-31 OC425315 bus:PartnerLLP1 2022-10-01 2024-03-31 OC425315 bus:PartnerLLP2 2022-10-01 2024-03-31 OC425315 bus:PartnerLLP3 2022-10-01 2024-03-31 OC425315 bus:LimitedLiabilityPartnershipLLP 2022-10-01 2024-03-31 OC425315 core:MotorVehicles 2022-10-01 2024-03-31 OC425315 core:OfficeEquipment 2022-10-01 2024-03-31 OC425315 core:PlantMachinery 2022-10-01 2024-03-31 OC425315 countries:AllCountries 2022-10-01 2024-03-31 OC425315 2022-09-30 OC425315 core:MotorVehicles 2022-09-30 OC425315 core:OfficeEquipment 2022-09-30 OC425315 core:PlantMachinery 2022-09-30 OC425315 2022-09-30 OC425315 core:CurrentFinancialInstruments 2022-09-30 OC425315 core:WithinOneYear 2022-09-30 OC425315 core:MotorVehicles 2022-09-30 OC425315 core:OfficeEquipment 2022-09-30 OC425315 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure

Registration number: OC425315

Browns Classics LLP

Unaudited Filleted Financial Statements

for the period from 1 October 2022 to 31 March 2024

 

Browns Classics LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

4

 

Browns Classics LLP

Limited liability partnership information

Designated members

NB Brown

Mrs JM Brown

T A Brown
 

Registered office

31a Charnham Street
Hungerford
Berkshire
RG17 0EJ

Principal place of business

The Firs Farm
Leckhampstead
Newbury
Berkshire
RG20 8RD

Accountants

UHY Ross Brooke
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ

 

Browns Classics LLP

(Registration number: OC425315)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

3

123,577

24,690

Current assets

 

Debtors

4

8,591

390

Cash and short-term deposits

 

45,993

28,756

 

54,584

29,146

Creditors: Amounts falling due within one year

5

(24,059)

(19,337)

Net current assets

 

30,525

9,809

Net assets attributable to members

 

154,102

34,499

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

154,102

34,499

   

154,102

34,499

Total members' interests

 

Loans and other debts due to members

 

154,102

34,499

   

154,102

34,499

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Browns Classics LLP

(Registration number: OC425315)
Balance Sheet as at 31 March 2024

The financial statements of Browns Classics LLP (registered number OC425315) were approved by the Board and authorised for issue on 4 February 2025. They were signed on behalf of the limited liability partnership by:

.........................................
NB Brown
Designated member

 

Browns Classics LLP

Notes to the Financial Statements for the Period from 1 October 2022 to 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Browns Classics LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

Browns Classics LLP

Notes to the Financial Statements for the Period from 1 October 2022 to 31 March 2024

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 0.

3

Tangible fixed assets

Plant and machinery
 £

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 October 2022

27,588

-

-

27,588

Additions

51,233

68,938

3,515

123,686

At 31 March 2024

78,821

68,938

3,515

151,274

Depreciation

At 1 October 2022

2,898

-

-

2,898

Charge for the year

9,122

15,167

510

24,799

At 31 March 2024

12,020

15,167

510

27,697

Net book value

At 31 March 2024

66,801

53,771

3,005

123,577

At 30 September 2022

24,690

-

-

24,690

4

Debtors

2024
£

2022
£

Trade debtors

6,181

390

Other debtors

2,410

-

Total current trade and other debtors

8,591

390

5

Creditors: Amounts falling due within one year

2024
£

2022
£

Trade creditors

-

130

Other creditors

12,455

18,277

Accruals and deferred income

11,604

930

24,059

19,337