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REGISTERED NUMBER: OC339465 (England and Wales)















Financial Statements for the Period 1 December 2022 to 31 March 2024

for

Specialist Herbal Supplies Assets LLP

Specialist Herbal Supplies Assets LLP (Registered number: OC339465)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Specialist Herbal Supplies Assets LLP

General Information
for the Period 1 December 2022 to 31 March 2024







DESIGNATED MEMBERS: M Simmonds
Specialist Herbal Supplies (UK) Ltd





REGISTERED OFFICE: Portslade Hall
18 Station Road
Portslade
East Sussex
BN41 1GB





REGISTERED NUMBER: OC339465 (England and Wales)





ACCOUNTANTS: Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR

Specialist Herbal Supplies Assets LLP (Registered number: OC339465)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,191 1,631
Tangible assets 5 506,095 506,095
507,286 507,726

CURRENT ASSETS
Cash at bank 655 371

CREDITORS
Amounts falling due within one year 6 258 258
NET CURRENT ASSETS 397 113
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

507,683

507,839

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 507,683 507,839
507,683 507,839

TOTAL MEMBERS' INTERESTS
Members' other interests 507,683 507,839

Specialist Herbal Supplies Assets LLP (Registered number: OC339465)

Balance Sheet - continued
31 March 2024


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 period ended 31 March 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.

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 18 March 2025 and were signed by:





M Simmonds - Designated member

Specialist Herbal Supplies Assets LLP (Registered number: OC339465)

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

1. STATUTORY INFORMATION

Specialist Herbal Supplies Assets 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 31 March 2024 3,295
AMORTISATION
At 1 December 2022 1,664
Charge for period 440
At 31 March 2024 2,104
NET BOOK VALUE
At 31 March 2024 1,191
At 30 November 2022 1,631

Specialist Herbal Supplies Assets LLP (Registered number: OC339465)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022
and 31 March 2024 506,095
NET BOOK VALUE
At 31 March 2024 506,095
At 30 November 2022 506,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Other creditors 258 258

7. ULTIMATE CONTROLLING PARTY

M Simmonds was the controlling party throughout the current and previous period.

Specialist Herbal Supplies Assets LLP

Report of the Accountants to the Members of
Specialist Herbal Supplies Assets LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2024 set out on pages one to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR


18 March 2025