Registered No. OC418357 (England and Wales)
Briggs & Briggs LLP
Unaudited Partnership accounts
for the period from 1 August 2018 to 30 April 2019
Briggs & Briggs LLP
LLP Information
for the period from 1 August 2018 to 30 April 2019
Designated members
Mrs Alison Briggs
Registered Number
OC418357 (England and Wales)
Registered Office
5 BEDFORD PLACE
BRIGHTON
BN1 2PT
UNITED KINGDOM
Accountants
Integrated Accounts
22 Little Preston Street
Brighton
East Sussex
BN1 2HQ
Briggs & Briggs LLP
Statement of financial position
as at
30 April 2019
Tangible assets
293,027
338,759
Cash at bank and in hand
2,961
2,714
Creditors: amounts falling due within one year
(6,441)
(9,832)
Net current (liabilities)/assets
(2,686)
5,270
Total assets less current liabilities
290,341
344,029
Creditors: amounts falling due after more than one year
(80,730)
(80,687)
Net assets attributable to members
209,611
263,342
Loans and other debts due to members
266,342
297,540
Other reserves
(56,731)
(34,198)
Loans and other debts due to members
266,342
297,540
Members' other interests
(56,731)
(34,198)
For the period ending 30 April 2019 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 30 January 2020.
Mrs Alison Briggs
Designated member
Limited Liability Partnership Registration No. OC418357
Briggs & Briggs LLP
Notes to the Accounts
for the period from 1 August 2018 to 30 April 2019
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Briggs & Briggs LLP is a limited liability partnership, incorporated in England and Wales, registration number OC418357. Its registered office is 5 BEDFORD PLACE, BRIGHTON, BN1 2PT, UNITED KINGDOM.
3
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the period
45,732
4
Creditors: amounts falling due within one year
2019
2018
Taxes and social security costs
-
(150)
Briggs & Briggs LLP
Notes to the Accounts
for the period from 1 August 2018 to 30 April 2019
5
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
80,730
80,687
6
Loans and other debts due to members
2019
2018
Members' capital classified as a liability
297,000
297,000
Loans from members
3,540
540
Amounts due to members in respect of profits
(34,198)
-
Amounts falling due after more than one year
266,342
297,540
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Transactions with related parties
The Partnership is in receipt on an interest bearing loan from Exploit Technology Solutions Ltd in which the individual partners have a controlling interest.
The Partnership is wholly controlled by it's designated members as detailed.
9
Average number of employees
During the period the average number of employees was 0 (2018: 0).