Registration number:
RB (PWT) LLP
for the Year Ended 31 July 2024
RB (PWT) LLP
(Registration number: OC419775)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Intangible assets |
16,667 |
21,667 |
|
Current assets |
|||
Debtors |
101,644 |
104,521 |
|
Cash and short-term deposits |
302,946 |
243,177 |
|
404,590 |
347,698 |
||
Creditors: Amounts falling due within one year |
(42,312) |
(32,082) |
|
Net current assets |
362,278 |
315,616 |
|
Net assets attributable to members |
378,945 |
337,283 |
|
Represented by: |
|||
Members’ other interests |
|||
Members' capital classified as equity falling due after more than one year |
50,000 |
50,000 |
|
Other reserves |
328,945 |
287,283 |
|
378,945 |
337,283 |
||
Total members' interests |
|||
Equity |
378,945 |
337,283 |
|
378,945 |
337,283 |
RB (PWT) LLP
(Registration number: OC419775)
Balance Sheet as at 31 July 2024
For the year ending 31 July 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of RB (PWT) LLP (registered number OC419775) were approved by the
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RB (PWT) LLP
Notes to the Financial Statements for the Year Ended 31 July 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of RB (PWT) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
RB (PWT) LLP
Notes to the Financial Statements for the Year Ended 31 July 2024
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
Straight line over 10 years |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Members' interests
Amounts due to members after more than one year comprise equity introduced from members, the withdrawal of which is restricted by the partnership agreement. The amounts due to members are not repayable within twelve months of the balance sheet date.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
RB (PWT) LLP
Notes to the Financial Statements for the Year Ended 31 July 2024
Intangible fixed assets |
Goodwill |
Total |
|
Cost |
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At 1 August 2023 |
|
|
At 31 July 2024 |
|
|
Amortisation |
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At 1 August 2023 |
|
|
Charge for the year |
|
|
At 31 July 2024 |
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|
Net book value |
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At 31 July 2024 |
|
|
At 31 July 2023 |
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|
Debtors |
2024 |
2023 |
|
Trade debtors |
|
|
Other debtors |
|
|
Prepayments and accrued income |
|
|
Total current trade and other debtors |
101,644 |
104,521 |
Creditors: Amounts falling due within one year |
2024 |
2023 |
|
Trade creditors |
|
|
Accruals and deferred income |
|
- |
|
|
RB (PWT) LLP
Notes to the Financial Statements for the Year Ended 31 July 2024
Related party transactions |
Income and receivables from related parties
2024 |
Other related parties |
Provision of services |
|
Amounts receivable from related party |
|
|
2023 |
Other related parties |
Provision of services |
|
Amounts receivable from related party |
|
|
Expenditure with and payables to related parties
2024 |
Other related parties |
Rendering of services |
|
Amounts payable to related party |
|
|
2023 |
Other related parties |
Rendering of services |
|
Amounts payable to related party |
|
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