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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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Ruggles Group LLP |
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REGISTERED NUMBER:
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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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Ruggles Group LLP |
Ruggles Group LLP (Registered number: OC325742) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Ruggles Group LLP |
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General Information |
for the Year Ended 31 March 2020 |
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DESIGNATED MEMBERS: |
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Mrs L Ruggles |
E I Cooper |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
24 Dukes Wood Avenue |
Gerrards Cross |
Buckinghamshire |
SL9 7JT |
Ruggles Group LLP (Registered number: OC325742) |
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Report of the Members |
for the Year Ended 31 March 2020 |
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The members present their report with the financial statements of the LLP for the year ended 31 March 2020. |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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Mrs L Ruggles |
E I Cooper |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £18,509 (2019 - £11,993 profit). |
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MEMBERS' INTERESTS |
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ON BEHALF OF THE MEMBERS: |
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Ruggles Group LLP (Registered number: OC325742) |
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Income Statement |
for the Year Ended 31 March 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 3 |
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Interest payable and similar expenses |
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PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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Ruggles Group LLP (Registered number: OC325742) |
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Balance Sheet |
31 March 2020 |
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31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
95,684 |
104,116 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
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8,432 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 95,684 | 95,684 |
95,684 | 104,116 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | - | 8,432 |
Members' other interests | 95,684 | 95,684 |
Amounts due from members | 5 | (28,315 | ) | - |
67,369 | 104,116 |
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The members acknowledge their responsibilities for: |
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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 |
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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. |
Ruggles Group LLP (Registered number: OC325742) |
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Balance Sheet - continued |
31 March 2020 |
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The financial statements were approved by the members of the LLP on
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Ruggles Group LLP (Registered number: OC325742) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Ruggles Group LLP is registered in England and Wales. The LLP's registered number and registered office |
address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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3. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.3.20 | 31.3.19 |
£ | £ |
Depreciation - owned assets |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
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Additions |
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Disposals |
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At 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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Eliminated on disposal |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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Ruggles Group LLP (Registered number: OC325742) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Hire purchase contracts |
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Trade creditors | ( |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Hire purchase contracts |
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Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
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Repayable by instalments |
Other loans more 5yrs instal | 161,685 | 67,511 |
Ruggles Group LLP (Registered number: OC325742) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts owed to members in respect of profits | - | 8,432 |
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Falling due within one year | - | 8,432 |
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Loans and other debts due to members (other than members' capital classified as equity) would rank behind |
claims from other creditors. |
£ |
Balance at 1 April 2019 8,432 |
Division of profits 18,509 |
Drawings (55,256) |
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Balance at 31 March 2020 (28,315) |
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The total of members' other interests were £95,684 (2019: £95,684) and represents members capital accounts, |
classified as equity. |