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REGISTERED NUMBER: OC386547 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

FOR

OLIVER BURNS LLP

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVER BURNS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: J Burns
Miss S Lillywhite





REGISTERED OFFICE: Unit 16
Silk Mill Business Park
Brook Street
Tring
Hertfordshire
HP23 5EF





REGISTERED NUMBER: OC386547 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,503 190,812

CURRENT ASSETS
Debtors 5 98,826 65,003
Cash at bank 381,824 360,153
480,650 425,156
CREDITORS
Amounts falling due within one year 6 566,978 440,107
NET CURRENT LIABILITIES (86,328 ) (14,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,175 175,861

CREDITORS
Amounts falling due after more than one
year

7

11,666

18,334
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,509 157,527

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 1,509 157,527

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,509 157,527

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.

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

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 25 September 2024 and were signed by:




Miss S Lillywhite - Designated member




J Burns - Designated member


OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Oliver Burns 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.

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance Sheet date, completion of contractual obligations is dependant on external factors (and this outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance Sheet date are carried forward as work in progress.

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
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 6 (2023 - 4 ) .

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 57,556 239,002 296,558
Additions 1,925 243,750 245,675
Disposals (40,577 ) (318,377 ) (358,954 )
At 31 March 2024 18,904 164,375 183,279
DEPRECIATION
At 1 August 2023 42,613 63,133 105,746
Charge for period 2,811 17,910 20,721
Eliminated on disposal (36,472 ) (6,219 ) (42,691 )
At 31 March 2024 8,952 74,824 83,776
NET BOOK VALUE
At 31 March 2024 9,952 89,551 99,503
At 31 July 2023 14,943 175,869 190,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,184 9,944
Other debtors 95,642 55,059
98,826 65,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 245,151 232,669
Taxation and social security 99,409 27,422
Other creditors 222,418 180,016
566,978 440,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 11,666 18,334

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.