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REGISTERED NUMBER: OC392643 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

RUE D'ALBERT LLP

RUE D'ALBERT LLP (REGISTERED NUMBER: OC392643)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUE D'ALBERT LLP

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







DESIGNATED MEMBERS: A N Ellis
K L Tizzard
J E Tizzard





REGISTERED OFFICE: Old Library House
4 Dean Park Crescent
Bournemouth
Dorset
BH1 1LY





REGISTERED NUMBER: OC392643 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

RUE D'ALBERT LLP (REGISTERED NUMBER: OC392643)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 36,785 532,775

CURRENT ASSETS
Stocks 522,519 -
Debtors 5 1,570 115
Cash at bank 1,143 13,052
525,232 13,167
CREDITORS
Amounts falling due within one year 6 19,533 11,153
NET CURRENT ASSETS 505,699 2,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,484

534,789

CREDITORS
Amounts falling due after more than one
year

7

171,417

171,417
NET ASSETS ATTRIBUTABLE TO
MEMBERS

371,067

363,372

RUE D'ALBERT LLP (REGISTERED NUMBER: OC392643)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

370,967

363,272

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
371,067 363,372

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 370,967 363,272
Members' other interests 100 100
371,067 363,372

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 29 January 2025 and were signed by:




A N Ellis - Designated member

RUE D'ALBERT LLP (REGISTERED NUMBER: OC392643)

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


1. STATUTORY INFORMATION

Rue d'Albert 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 represents rental income, exclusive of Value Added Tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the provisions of FRS102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The members are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

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

RUE D'ALBERT LLP (REGISTERED NUMBER: OC392643)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 532,775
Reclassification/transfer (495,990 )
At 31 March 2024 36,785
NET BOOK VALUE
At 31 March 2024 36,785
At 30 April 2023 532,775

Investment property is currently included in the accounts at cost value. An appraisal of the investment property has been made by members on a fair value basis as at 31 March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 166 -
Other debtors 1,404 115
1,570 115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,240 2,240
Other creditors 14,293 8,913
19,533 11,153

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 171,417 171,417

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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