Registered No. OC418357 (England and Wales)
Briggs & Briggs LLP
Unaudited Partnership accounts
for the year ended 30 April 2021
Briggs & Briggs LLP
LLP Information
for the year ended 30 April 2021
Designated members
Mrs Alison Briggs
Registered Number
OC418357 (England and Wales)
Registered Office
47 Southdown House
Somerhill Avenue
Hove
BN3 1RW
UNITED KINGDOM
Accountants
Integrated Accounts Ltd ICPA
22 Little Preston Street
Brighton
East Sussex
BN1 2HQ
Briggs & Briggs LLP
Statement of financial position
as at
30 April 2021
Tangible assets
197,599
240,594
Cash at bank and in hand
16,277
(497)
Creditors: amounts falling due within one year
(58,232)
(7,925)
Net current liabilities
(41,955)
(8,422)
Total assets less current liabilities
155,644
232,172
Creditors: amounts falling due after more than one year
(83,940)
(81,797)
Net assets attributable to members
71,704
150,375
Loans and other debts due to members
151,214
211,468
Other reserves
(79,510)
(61,093)
Loans and other debts due to members
151,214
211,468
Members' other interests
(79,510)
(61,093)
For the year ending 30 April 2021 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 20 January 2021.
Mrs Alison Briggs
Designated member
Limited Liability Partnership Registration No. OC418357
Briggs & Briggs LLP
Notes to the Accounts
for the year ended 30 April 2021
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 47 Southdown House, Somerhill Avenue , Hove, BN3 1RW, UNITED KINGDOM.
3
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
42,995
4
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
16,000
-
Taxes and social security costs
1,360
-
Briggs & Briggs LLP
Notes to the Accounts
for the year ended 30 April 2021
5
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
83,940
81,797
6
Loans and other debts due to members
2021
2020
Members' capital classified as a liability
297,000
297,000
Loans from members
6,237
5,397
Amounts due to members in respect of profits
(152,023)
(90,929)
Amounts falling due within one year
151,214
211,468
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 year the average number of employees was 0 (2020: 0).