Robinson & Hall LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC310546 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023

for

Robinson & Hall LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S W Home Limited

D J Jones Limited

A J Capel Limited

R J Franklin Limited

D J Sawford Limited

A B R Jenkinson Limited

Polly Sewell Limited

REGISTERED OFFICE:

118 Bromham Road

Bedford

MK40 2QN

REGISTERED NUMBER:

OC310546 (England and Wales)

ACCOUNTANTS:

Underwood Green

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

25,395

32,687

25,395

32,687

CURRENT ASSETS

Debtors

6

869,684

731,736

Cash at bank and in hand

1,930,058

649,767

2,799,742

1,381,503

CREDITORS

Amounts falling due within one year

7

769,421

469,682

NET CURRENT ASSETS

2,030,321

911,821

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,055,716

944,508

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

1,434,509

323,301

MEMBERS' OTHER INTERESTS

Capital accounts

621,207

621,207

2,055,716

944,508

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

1,434,509

323,301

Members' other interests

621,207

621,207

2,055,716

944,508

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 2023.

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 28 September 2023 and were signed by:

S W Home Limited - Designated member

1.	STATUTORY INFORMATION

Robinson & Hall 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office improvements

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

50% on reducing balance

Software

-

25% on cost

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.

Revenue recognition

Revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled revenue on those engagements where the right to receive payment is contingent on factors outside the control of the company.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 32 (2021 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 March 2023

5,657

AMORTISATION

At 1 January 2022

and 31 March 2023

5,657

NET BOOK VALUE

At 31 March 2023

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Office

improvements

fittings

equipment

Software

Totals

£

£

£

£

£

COST

At 1 January 2022

86,034

94,409

270,148

5,400

455,991

Additions

-

436

16,697

-

17,133

At 31 March 2023

86,034

94,845

286,845

5,400

473,124

DEPRECIATION

At 1 January 2022

83,013

84,510

251,731

4,050

423,304

Charge for period

2,934

2,584

17,557

1,350

24,425

At 31 March 2023

85,947

87,094

269,288

5,400

447,729

NET BOOK VALUE

At 31 March 2023

87

7,751

17,557

-

25,395

At 31 December 2021

3,021

9,899

18,417

1,350

32,687

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade debtors

260,325

419,845

Prepayments and accrued income

556,853

284,646

Prepayments

52,506

27,245

869,684

731,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade creditors

157,791

139,351

Social security and other taxes

26,510

18,597

VAT

570,520

168,510

Accruals and deferred income

14,600

143,224

769,421

469,682

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The capital (whether classified as a liability or equity) of an LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.