Registered number: OC432141 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
Prepared By: | ||||||||
Westbournes Limited | ||||||||
Accountants & Business Advisers | ||||||||
14 Titian Road | ||||||||
Hove | ||||||||
East Sussex | ||||||||
BN3 5QS |
Fresh Dawson LLP | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
MEMBERS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY NUMBER | ||||||||
ACCOUNTANTS | ||||||||
Westbournes Limited | ||||||||
Accountants & Business Advisers | ||||||||
14 Titian Road | ||||||||
Hove | ||||||||
East Sussex | ||||||||
BN3 5QS |
Fresh Dawson LLP | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Report of the Members | 3 | |||||||
Profit and Loss Account | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes to the Accounts | 6 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading and Profit and Loss Account | 9 | |||||||
Profit and Loss Account Summaries | 10 | |||||||
Capital Accounts | - | |||||||
Current Accounts | 10 | |||||||
Fresh Dawson LLP | ||||||||
MEMBERS' REPORT | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
The members present their report and accounts for the year ended 30 June 2024 | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the LLP in the year under review was Property Rental . | ||||||||
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS | ||||||||
The profit for the year before members' remuneration and profit shares was £21,706 (2023 £27,675). | ||||||||
DRAWINGS POLICY | ||||||||
The LLP operates a drawings policy which has regard to a cautious estimate of expected profits. Drawings are restricted to prudent levels, taking into account working capital performance, until the results for the year and individual members' allocations have been determined. | ||||||||
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs. | ||||||||
This report was approved on behalf of the members on 13 March 2025 | ||||||||
Paul SALUSBURY | ||||||||
Designated member |
Fresh Dawson LLP | ||||||||
PROFIT AND LOSS ACCOUNT | ||||||||
FOR THE YEAR ENDED30 JUNE 2024 | ||||||||
Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
Administrative expenses | (9,510) | (5,852) | ||||||
OPERATING LOSS | (9,510) | (5,852) | ||||||
Interest receivable and similar income | 31,216 | 33,527 | ||||||
PROFIT FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 21,706 | 27,675 | ||||||
Fresh Dawson LLP | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 5 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | ||||||||||
Cash at bank and in hand | ||||||||||
39,775 | 18,909 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 17,434 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than oneyear | 7 | 956,944 | 956,945 | |||||||
NET ASSETS ATTRIBUTABLE TO MEMBERS | 41,636 | 20,494 | ||||||||
LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 42,011 | 20,494 | |||||||
MEMBERS ' OTHER INTERESTS | ||||||||||
42,011 | 20,494 | |||||||||
TOTAL MEMBERS' INTERESTS | ||||||||||
Loans and other debts due to members | 8 | 42,011 | 20,494 | |||||||
Amounts due from members | (6,821) | (12,031) | ||||||||
35,190 | 8,463 | |||||||||
Approved by the members on | ||||||||||
............................. | ||||||||||
Designated Member | ||||||||||
Fresh Dawson LLP | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1c. Depreciation | ||||||||
2. INFORMATION IN RELATION TO MEMBERS | 2024 | 2023 | ||||
The average number of members during the year was | 5 | 5 | ||||
3. OPERATING PROFIT | ||||||
2024 | 2023 | |||||
£ | £ | |||||
Operating Profit is stated after charging: | ||||||
4. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
Fresh Dawson LLP | ||||||||
5. TANGIBLE FIXED ASSETS | ||||
Land And | ||||
Buildings | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2023 | 960,005 | 960,005 | ||
At 30 June 2024 | 960,005 | 960,005 | ||
Depreciation | ||||
At 30 June 2024 | - | - | ||
Net Book Amounts | ||||
At 30 June 2024 | 960,005 | |||
At 30 June 2023 | 960,005 | |||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other creditors | 1,200 | 1,475 | ||||||
1,200 | 1,475 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loan from member (Paul Salusbury) | 956,944 | 956,945 | ||||||
956,944 | 956,945 | |||||||
8. LOANS AND OTHER DEBTS DUE TO MEMBERS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts due to members | 42,011 | 20,494 | ||||||
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up. | ||||||||
Fresh Dawson LLP | ||||||||
9. MEMBERS INTERESTS | ||||||||||||
Members' capital (classified as equity) | Revaluation Reserve | Reserves | Total | Loans and other debts due to/(from) members | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Amount due to members | 20,494 | |||||||||||
Amount due from members | (12,031) | |||||||||||
Balance at 1 July 2023 | - | - | - | - | 8,463 | 8,463 | ||||||
Profit for the financial year available for discretionary division among members | 21,706 | 21,706 | - | 21,706 | ||||||||
Members' interests after profit for the year | - | 21,706 | 21,706 | 8,463 | 30,169 | |||||||
Other divisions of profit | (21,706) | (21,706) | 21,706 | |||||||||
Drawings | 5,021 | 5,021 | ||||||||||
Amount due to members | 42,011 | |||||||||||
Amount due from members | (6,821) | |||||||||||
Balance at 30 June 2024 | - | - | - | 35,190 | 35,190 | |||||||
Fresh Dawson LLP | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Cost of Sales: | ||||||||||
Other operating income | ||||||||||
31,216 | 33,527 | |||||||||
Less: | ||||||||||
Administrative expenses | ||||||||||
9,510 | 5,852 | |||||||||
Net profit for the year before taxation | ||||||||||
Net profit for the year after taxation | ||||||||||
Retained profits carried forward | 21,706 | 27,675 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Fresh Dawson LLP | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Administrative Expenses: | ||||||||||
Repairs and renewals | 8,024 | 4,044 | ||||||||
Accountancy fees | 650 | 925 | ||||||||
Insurance | 821 | 855 | ||||||||
Bank charges | 15 | 28 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
10. MEMBERS' CURRENT ACCOUNTS | ||||||||||||
Ella Daisy SALUSBURY | Emily Jasmine SALUSBURY | Evelyn Rosemary SALUSBURY | Ewan Basil SALUSBURY | Paul SALUSBURY | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
At 1 July 2023 | 4,833 | (5,684) | (6,347) | 1,303 | 14,358 | 8,463 | ||||||
Share of profit | 2,605 | 2,605 | 2,605 | 2,605 | 11,286 | 21,706 | ||||||
7,438 | (3,079) | (3,742) | 3,908 | 25,644 | 30,169 | |||||||
Drawings | - | - | - | - | (5,021) | (5,021) | ||||||
At 30 June 2024 | 7,438 | (3,079) | (3,742) | 3,908 | 30,665 | 35,190 |