ACCOUNTS - Final Accounts

Loans and other debts due to members

BROWN AND MASON MANAGEMENT SERVICES LLP - Company Information

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Registered number: OC362362

BROWN AND MASON MANAGEMENT SERVICES LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

BROWN AND MASON MANAGEMENT SERVICES LLP

REGISTERED NUMBER: OC362362

BALANCE SHEET

AS AT 5 APRIL 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	69,535		69,535
Cash at bank and in hand		3,036		3,036
		72,571		72,571
Creditors: Amounts Falling Due Within One Year	5	(48,104)		(48,104)
Net current assets			24,467		24,467
Total assets less current liabilities			24,467		24,467
Net assets			24,467		24,467

Represented by:
Loans and other debts due to members within one year
Other amounts	6	24,467	24,467

Total members' interests
Loans and other debts due to members	6	24,467	24,467

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BROWN AND MASON MANAGEMENT SERVICES LLP

REGISTERED NUMBER: OC362362

BALANCE SHEET (CONTINUED)

AS AT 5 APRIL 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 480 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 December 2023.

Nicholas Brown

Designated member

The notes on pages 3 to 4 form part of these financial statements.

Brown and Mason Management Services LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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BROWN AND MASON MANAGEMENT SERVICES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

1.	General information

Brown and Mason Management Services LLP is a limited liability partnership and incorporated in England and Wales. Its registered office is Anson House, Schooner Court, Crossways Business Park, Dartford, Kent, DA2 6QQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Creditors

Short term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including members, during the year was 6 (2022 - 6).

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BROWN AND MASON MANAGEMENT SERVICES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

Debtors

					2023	2022
					£	£


Amounts owed by group undertakings	8,011	8,011
Other debtors	35,788	35,788
Prepayments and accrued income	25,736	25,736
	69,535	69,535

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	36,600	36,600
Other creditors	1,504	1,504
Accruals and deferred income	10,000	10,000
	48,104	48,104


Other amounts due to members	(24,467)	(24,467)
	(24,467)	(24,467)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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