IRIS Accounts Production v25.1.3.33 OC434803 designated member 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4348032024-03-31OC4348032025-03-31OC4348032024-04-012025-03-31OC4348032023-03-31OC4348032023-04-012024-03-31OC4348032024-03-31OC434803ns15:EnglandWales2024-04-012025-03-31OC434803ns14:PoundSterling2024-04-012025-03-31OC434803ns10:PartnerLLP12024-04-012025-03-31OC434803ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC434803ns10:SmallEntities2024-04-012025-03-31OC434803ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31OC434803ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC434803ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC434803ns10:AbridgedAccounts2024-04-012025-03-31OC434803ns10:PartnerLLP22024-04-012025-03-31OC434803ns10:RegisteredOffice2024-04-012025-03-31OC434803ns5:CurrentFinancialInstruments2025-03-31OC434803ns5:CurrentFinancialInstruments2024-03-31OC434803ns5:MotorVehicles2024-04-012025-03-31OC434803ns5:ComputerEquipment2024-04-012025-03-31
REGISTERED NUMBER: OC434803 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RIBET MYLES LLP

RIBET MYLES LLP (REGISTERED NUMBER: OC434803)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RIBET MYLES LLP

GENERAL INFORMATION
for the year ended 31 March 2025







DESIGNATED MEMBERS: Mr J G L Ribet
Mr A Myles





REGISTERED OFFICE: Chancery House
53-64 Chancery Lane
London
WC2A 1QS





REGISTERED NUMBER: OC434803 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

RIBET MYLES LLP (REGISTERED NUMBER: OC434803)

ABRIDGED BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,759 27,804

CURRENT ASSETS
Debtors 1,006,820 728,856
Cash at bank and in hand 1,297,739 800,962
2,304,559 1,529,818
CREDITORS
Amounts falling due within one year 1,023,610 675,700
NET CURRENT ASSETS 1,280,949 854,118
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,305,708

881,922

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

1,205,708

781,922

MEMBERS' OTHER INTERESTS
Capital accounts 100,000 100,000
1,305,708 881,922

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 1,205,708 781,922
Members' other interests 100,000 100,000
1,305,708 881,922

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 year ended 31 March 2025.

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.

RIBET MYLES LLP (REGISTERED NUMBER: OC434803)

ABRIDGED BALANCE SHEET - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 9 June 2025 and were signed by:





Mr J G L Ribet - Designated member

RIBET MYLES LLP (REGISTERED NUMBER: OC434803)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Ribet Myles LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 17 (2024 - 13 ) .

RIBET MYLES LLP (REGISTERED NUMBER: OC434803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 63,281
Additions 5,210
At 31 March 2025 68,491
DEPRECIATION
At 1 April 2024 35,477
Charge for year 8,255
At 31 March 2025 43,732
NET BOOK VALUE
At 31 March 2025 24,759
At 31 March 2024 27,804

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured.