IRIS Accounts Production v24.3.2.46 OC312065 designated member 1.12.22 31.3.24 31.3.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3120652022-11-30OC3120652024-03-31OC3120652022-12-012024-03-31OC3120652021-11-30OC3120652021-12-012022-11-30OC3120652022-11-30OC312065ns15:EnglandWales2022-12-012024-03-31OC312065ns14:PoundSterling2022-12-012024-03-31OC312065ns10:PartnerLLP12022-12-012024-03-31OC312065ns10:LimitedLiabilityPartnershipLLP2022-12-012024-03-31OC312065ns10:SmallEntities2022-12-012024-03-31OC312065ns10:AuditExemptWithAccountantsReport2022-12-012024-03-31OC312065ns10:SmallCompaniesRegimeForAccounts2022-12-012024-03-31OC312065ns10:LimitedLiabilityPartnershipsSORP2022-12-012024-03-31OC312065ns10:FullAccounts2022-12-012024-03-31OC31206512022-12-012024-03-31OC312065ns10:PartnerLLP22022-12-012024-03-31OC312065ns10:RegisteredOffice2022-12-012024-03-31OC312065ns5:CurrentFinancialInstruments2024-03-31OC312065ns5:CurrentFinancialInstruments2022-11-30OC312065ns5:NetGoodwill2022-12-012024-03-31OC312065ns5:IntangibleAssetsOtherThanGoodwill2022-12-012024-03-31OC312065ns5:PlantMachinery2022-12-012024-03-31OC312065ns5:FurnitureFittings2022-12-012024-03-31OC312065ns5:ComputerEquipment2022-12-012024-03-31OC312065ns5:NetGoodwill2022-11-30OC312065ns5:NetGoodwill2024-03-31OC312065ns5:NetGoodwill2022-11-30OC312065ns5:PlantMachinery2022-11-30OC312065ns5:FurnitureFittings2022-11-30OC312065ns5:ComputerEquipment2022-11-30OC312065ns5:PlantMachinery2024-03-31OC312065ns5:FurnitureFittings2024-03-31OC312065ns5:ComputerEquipment2024-03-31OC312065ns5:PlantMachinery2022-11-30OC312065ns5:FurnitureFittings2022-11-30OC312065ns5:ComputerEquipment2022-11-30OC312065ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC312065ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30
REGISTERED NUMBER: OC312065 (England and Wales)















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

for

Specialist Herbal Supplies LLP

Specialist Herbal Supplies LLP (Registered number: OC312065)






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 LLP

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







DESIGNATED MEMBERS: Specialist Herbal Supplies (UK) Ltd
Specialist Herbal Supplies Assets LLP





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





REGISTERED NUMBER: OC312065 (England and Wales)





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

Specialist Herbal Supplies LLP (Registered number: OC312065)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 8,356 9,573
8,357 9,574

CURRENT ASSETS
Stocks 31,095 35,370
Debtors 6 28,769 28,288
Cash at bank and in hand 9,252 2,590
69,116 66,248
CREDITORS
Amounts falling due within one year 7 36,215 29,706
NET CURRENT ASSETS 32,901 36,542
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

41,258

46,116

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 41,258 46,116
41,258 46,116

TOTAL MEMBERS' INTERESTS
Members' other interests 41,258 46,116

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.

Specialist Herbal Supplies LLP (Registered number: OC312065)

Balance Sheet - continued
31 March 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 18 March 2025 and were signed by:





Specialist Herbal Supplies Assets LLP - Designated member

Specialist Herbal Supplies LLP (Registered number: OC312065)

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

1. STATUTORY INFORMATION

Specialist Herbal Supplies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of seventeen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 31 March 2024 132,500
AMORTISATION
At 1 December 2022
and 31 March 2024 132,499
NET BOOK VALUE
At 31 March 2024 1
At 30 November 2022 1

Specialist Herbal Supplies LLP (Registered number: OC312065)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 14,762 2,726 9,531 27,019
Additions 279 1,334 2,574 4,187
At 31 March 2024 15,041 4,060 12,105 31,206
DEPRECIATION
At 1 December 2022 9,957 1,655 5,834 17,446
Charge for period 1,557 399 3,448 5,404
At 31 March 2024 11,514 2,054 9,282 22,850
NET BOOK VALUE
At 31 March 2024 3,527 2,006 2,823 8,356
At 30 November 2022 4,805 1,071 3,697 9,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 22,699 24,187
Prepayments and accrued income 6,070 4,101
28,769 28,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Bank loans and overdrafts 2 1
Trade creditors 11,603 13,342
VAT 14,670 11,677
Other creditors 6,580 3,441
Accrued expenses 3,360 1,245
36,215 29,706

8. ULTIMATE CONTROLLING PARTY

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

Specialist Herbal Supplies LLP

Report of the Accountants to the Members of
Specialist Herbal Supplies 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 eight 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