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REGISTERED NUMBER:
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BEVAN BUCKLAND LLP |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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REGISTERED NUMBER:
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BEVAN BUCKLAND LLP |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BEVAN BUCKLAND LLP |
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GENERAL INFORMATION |
FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Langdon House |
Langdon Road |
SA1 Swansea Waterfront |
Swansea |
SA1 8QY |
BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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BALANCE SHEET |
30 APRIL 2019 |
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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 | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
1,886,970 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
1,046,970 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 840,000 |
1,886,970 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 1,046,970 |
Members' other interests | 840,000 |
1,886,970 |
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The members acknowledge their responsibilities for: |
(a) |
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. |
BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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BALANCE SHEET - continued |
30 APRIL 2019 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
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The financial statements were approved by the members of the LLP on
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BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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1. | STATUTORY INFORMATION |
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Bevan Buckland 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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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being |
amortised evenly over its estimated useful life of five years. No amortisation is shown to date as new |
work had not started prior to the financial year end. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
costs in bringing stocks to their present location and condition. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
Additions |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 30 April 2019 |
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DEPRECIATION |
Charge for period |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Amounts recoverable on contract |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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The bank overdraft facility is secured by guarantees from the members. |
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8. | LEASING AGREEMENTS |
At 30 June 2019, the LLP had total commitments under non-cancellable operating leases over the |
remaining life of those leases of £10,432 |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 533,437 |
Other balances | 513,533 |
1,046,970 |
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Falling due within one year | 1,046,970 |
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Capital loans and other debts due to members rank behind creditors, in accordance with the members' |
agreement. There are no restrictions on the members' ability to reduce the amount of members' other |
interests. |
BEVAN BUCKLAND LLP (REGISTERED NUMBER: OC421528) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 MARCH 2018 TO 30 APRIL 2019 |
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10. | RELATED PARTY DISCLOSURES |
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On 1st November 2018, Bevan & Buckland (former partnership) transferred all trade, assets and |
capital & current accounts into Bevan Buckland LLP. The members of Bevan Buckland LLP are the |
same as the partners of Bevan & Buckland. |