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REGISTERED NUMBER: OC305249 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Lucy & Co LLP

Lucy & Co LLP (Registered number: OC305249)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lucy & Co LLP

General Information
for the Year Ended 30 September 2024







DESIGNATED MEMBERS: N P Colleran
Mrs S Colleran





REGISTERED OFFICE: 1 Journeymans Way
Temple Farm
Industrial Estate
Southend-on-Sea
Essex
SS2 5TF





REGISTERED NUMBER: OC305249 (England and Wales)





ACCOUNTANTS: VC Accountancy Services Ltd
Chartered Certified Accountants
21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG

Lucy & Co LLP (Registered number: OC305249)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 5 543,009 542,104
Cash at bank 2,801 521
545,810 542,625
CREDITORS
Amounts falling due within one year 6 545,810 542,625
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 5 (543,009 ) (540,897 )

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 30 September 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 13 June 2025 and were signed by:




N P Colleran - Designated member




Mrs S Colleran - Designated member


Lucy & Co LLP (Registered number: OC305249)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lucy & Co 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 cost

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 109,490
DEPRECIATION
At 1 October 2023
and 30 September 2024 109,490
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts due from members 543,009 540,897
Other debtors - 667
VAT - 540
543,009 542,104

Lucy & Co LLP (Registered number: OC305249)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 542,826 536,712
Taxation and social security 2,000 -
Other creditors 984 5,913
545,810 542,625

7. RELATED PARTY DISCLOSURES

Within trade creditors was an amount of £542,827 (2023 - £536,713) owed to Lucy & Co (UK) Limited. Mr N P Colleran who is a designated partner is also a director and 88% shareholder of the Limited trading entity.