Brodericks Love Coffee LLP - Accounts to registrar (filleted) - small 18.2

Brodericks Love Coffee LLP - Accounts to registrar (filleted) - small 18.2

BRODERICKS LOVE COFFEE LIMITED LIABILITY PARTNERSHIP - Company Information

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REGISTERED NUMBER: OC340271 (England and Wales)















BRODERICKS LOVE COFFEE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020






BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRODERICKS LOVE COFFEE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DESIGNATED MEMBERS: J M Broderick
P A Broderick
B Broderick





REGISTERED OFFICE: Unit 1, Alpha Point
Bradnor Road
Sharston
Manchester
M22 4TE





REGISTERED NUMBER: OC340271 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD
Page 1
BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 75,385

CURRENT ASSETS
Stocks - 5,790
Debtors 5 221,932 604,453
Cash at bank and in hand - 128,839
221,932 739,082
CREDITORS
Amounts falling due within one year 6 164,950 814,467
NET CURRENT ASSETS/(LIABILITIES) 56,982 (75,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
56,982
-

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
56,982
-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 56,982 -
Amounts due from members 5 (147,597 ) (597,620 )
(90,615 ) (597,620 )

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 2020.

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 notes form part of these financial statements

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BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2020


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 30 September 2021 and were signed by:




J M Broderick - Designated member




P A Broderick - Designated member


The notes form part of these financial statements

Page 3
BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020


1. STATUTORY INFORMATION

Brodericks Love Coffee 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.

The financial statements are presented in sterling (£)

Going concern
The LLP relies on the support of a related parties. During the year, a large proportion the LLP's trade ceased. The members have no reason to doubt the continued support of the related party, and so have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The members have reached this conclusion giving due consideration to the projected future performance of the LLP and any potential risk that might impact the LLP's ability to maintain sufficient solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents sales of food and drink recognised at point of sale, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2019 - 27 ) .

Page 4 continued...
BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2019 435,933 13,291 449,224
Additions - 172 172
Disposals (435,933 ) (13,463 ) (449,396 )
At 30 September 2020 - - -
DEPRECIATION
At 1 October 2019 360,775 13,064 373,839
Charge for year 17,124 28 17,152
Eliminated on disposal (377,899 ) (13,092 ) (390,991 )
At 30 September 2020 - - -
NET BOOK VALUE
At 30 September 2020 - - -
At 30 September 2019 75,158 227 75,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 3,326
Amounts due from members 147,597 597,620
Other debtors 74,335 1,102
Prepayments and accrued income - 2,405
221,932 604,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 48,723 -
Trade creditors 94,326 274,527
Social security and other taxes 11,585 4,266
VAT 1,385 27,930
Other creditors 7,626 422,920
Accrued expenses 1,305 84,824
164,950 814,467

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank below amounts payable to other creditors.

Page 5 continued...
BRODERICKS LOVE COFFEE LLP (REGISTERED NUMBER: OC340271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020


8. RELATED PARTY DISCLOSURES

At 30 September 2020, the balance due to the LLP by Broderick Group Limited, a company under common control, was £73,060 (2019: balance due by the LLP £498,664).

At 30 September 2020, the LLP owed Chappell Finance Limited £7,030 (2019: £14,059), a company controlled by a son of J M Broderick.

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