Pocknells LLP
Pocknells LLP
Registered number: OC363133
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 March 2023
Pocknells LLP
Unaudited Abridged Financial Statements
For The Year Ended
31 March 2023
Unaudited Abridged Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
Page 1
Pocknells LLP
Abridged Balance Sheet
As At
31 March 2023
Abridged Balance Sheet
Registered number:
OC363133
For the year ending 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 4 |
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| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||||
| Loans and other debts due to members within one year | |||||
| Other amounts | 76,244 | 41,281 | |||
| 76,244 | 41,281 | ||||
| 76,244 | 41,281 | ||||
| TOTAL MEMBERS' INTEREST | |||||
| Amounts due from members | - | (39,826) | |||
| Loans and other debts due to members within one year | 76,244 | 41,281 | |||
| 76,244 | 1,455 | ||||
Page 1
Page 2
Pocknells LLP
Abridged Balance Sheet (continued)
As At
31 March 2023
On behalf of the members
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Partner
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Partner
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Pocknells LLP
Notes to the Abridged Financial Statements
For The Year Ended
31 March 2023
Notes to the Abridged Financial Statements
1.
General Information
Pocknells LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC363133
. The Registered Office is 46 Hullbridge Road, South Woodham Ferrers, Essex, CM3 5NG.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP, net of Value Added Tax and trade discounts.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Office equipment |
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2.5.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average Number of Employees
Average number of employees during the year, including members, during the year was as follows:
| 2023 | 2022 | ||
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| Office and administration |
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Page 3
Page 4
Pocknells LLP
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 March 2023
4.
Intangible Assets
| Total | |||
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| £ | |||
| Cost | |||
| As at
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| Additions |
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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Goodwill is being amortised by the members over its useful economic life of 5 years.
5.
Tangible Assets
| Total | |
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| £ | |
| Cost | |
| As at
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| Additions |
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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6.
Related Party Transactions
J D Holliday is a Director and Shareholder of Henry Brake Ltd. During the year under review the company have feed Pocknells LLP for services rendered. These services were charged on normal commercial terms and amounted to £418,153 for the year. (2022: £350,504)
Pocknells LLP run their business from a premises owned by H Edwards Ltd (a company owned by Mr & Mrs J Holliday). During the year the company charged rent to the partnership, which amounted to £16,800 (2022: £16,800). This rent was charged on normal commercial terms.
J D Holliday is a Director and Shareholder of Oyster Bookkeeping Ltd. During the year under review the company have feed Pocknells LLP for services rendered. These services were charged on normal commercial terms and amounted to £37,200 (2022: £37,100) for the year.
7.
Controlling Party
The LLP's ultimate controlling party is
J Holliday
by virtue of his 85% interest in the equity of Pocknells LLP.
Page 4