PSJ Alexander & Co LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC332943 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PSJ ALEXANDER & CO LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr V N Shah

Mr M S Shah

REGISTERED OFFICE:

1 Doughty Street

London

WC1N 2PH

REGISTERED NUMBER:

OC332943 (England and Wales)

CURRENT ASSETS

Debtors

4

337,091

216,104

Cash at bank

243,988

631,139

581,079

847,243

CREDITORS

Amounts falling due within one year

5

270,447

395,689

NET CURRENT ASSETS

310,632

451,554

TOTAL ASSETS LESS CURRENT LIABILITIES

310,632

451,554

CREDITORS

Amounts falling due after more than one year

6

24,206

34,166

NET ASSETS ATTRIBUTABLE TO MEMBERS

286,426

417,388

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

286,426

417,388

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

286,426

417,388

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 31st 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 26th November 2023 and were signed by:

Mr V N Shah - Designated member

Mr M S Shah - Designated member

1.	STATUTORY INFORMATION

PSJ Alexander & 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

92,214

118,348

Other debtors

244,877

97,756

337,091

216,104

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

8,334

8,334

Trade creditors

2,040

2,340

Taxation and social security

28,387

16,372

Other creditors

231,686

368,643

270,447

395,689

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

24,206

34,166

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, amounts due to members may be set-off against amounts due from members but would otherwise rank after unsecured creditors.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Designated Members.

The ultimate controlling party is Designated Members.

The controlling and ultimate controlling parties are the designated members and their close family members.