IRIS Accounts Production v22.2.0.402 OC351718 designated member designated member 6.4.21 5.4.22 5.4.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3517182021-04-05OC3517182022-04-05OC3517182021-04-062022-04-05OC3517182020-04-05OC3517182020-04-062021-04-05OC3517182021-04-05OC351718ns16:EnglandWales2021-04-062022-04-05OC351718ns15:PoundSterling2021-04-062022-04-05OC351718ns11:Director12021-04-062022-04-05OC351718ns11:Director22021-04-062022-04-05OC351718ns11:LimitedLiabilityPartnershipLLP2021-04-062022-04-05OC351718ns11:SmallEntities2021-04-062022-04-05OC351718ns11:AuditExempt-NoAccountantsReport2021-04-062022-04-05OC351718ns11:SmallCompaniesRegimeForAccounts2021-04-062022-04-05OC351718ns11:LimitedLiabilityPartnershipsSORP2021-04-062022-04-05OC351718ns11:AbridgedAccounts2021-04-062022-04-05OC351718ns11:RegisteredOffice2021-04-062022-04-05OC351718ns6:CurrentFinancialInstruments2022-04-05OC351718ns6:CurrentFinancialInstruments2021-04-05OC351718ns6:Non-currentFinancialInstruments2022-04-05OC351718ns6:Non-currentFinancialInstruments2021-04-05OC351718ns6:FurnitureFittings2021-04-062022-04-05OC351718ns6:MotorVehicles2021-04-062022-04-05OC351718ns6:ComputerEquipment2021-04-062022-04-05


REGISTERED NUMBER: OC351718 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

C P CHRISTOU LLP

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022










Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


C P CHRISTOU LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DESIGNATED MEMBERS: C P Christou
Mrs M Christou





REGISTERED OFFICE: Regal House, Second Floor
1138 High Road
Whetstone
London
N20 0RA





REGISTERED NUMBER: OC351718 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

ABRIDGED STATEMENT OF FINANCIAL POSITION
5 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,667 4,890

CURRENT ASSETS
Stocks 15,000 15,720
Debtors 233,609 225,794
Cash at bank 78,519 931,663
327,128 1,173,177
CREDITORS
Amounts falling due within one year 122,993 917,148
NET CURRENT ASSETS 204,135 256,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,802

260,919

CREDITORS
Amounts falling due after more than one year 6 - 50,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

207,802

210,919

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2022

2022 2021
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

207,802

210,919

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 207,802 210,919

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2022.

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
(b)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.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 5 April 2022 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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.

The financial statements were approved by the members of the LLP and authorised for issue on 30 August 2022 and were signed by:



C P Christou - Designated member



Mrs M Christou - Designated member


C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022


1. STATUTORY INFORMATION

C P Christou LLP is a limited liability partnership, registered in England and Wales. The LLP's registered number is OC351718 and registered office address is Regal House, Second Floor, 1138 High Road, Whetstone, London N20 0RA.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost basis.

The financial statements are presented in Sterling (£) which is the functional currency of the LLP.

Going concern
At the time of approving the financial statements, the members have reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts receivable for services net of value added tax and trade discounts.

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Impairment of assets
The LLP assess at each reporting date whether an asset may be impaired. If any such indication exists the LLP estimates the recoverable amount of the assets. If it is not possible to estimate the recoverable amount of the individual asset, the LLP estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount of an asset or cash-generating unit is the higher of its fair value less costs to sell and its value in use. If the recoverable amount is less than its carrying amount, the carrying amount of the asset is impaired and it is reduced to its recoverable amount through an impairment in profit and loss unless the asset is carried at a revalued amount where the impairment loss of a revalued asset is a revaluation decrease.

An impairment loss recognised for all assets, is reversed in a subsequent period only if the reasons for the impairment have ceased to apply.

Work in progress
Work in progress is valued at the lower of costs and net amount recoverable on contracts.

Hire purchase and leasing commitments
Rentals payable under operation leases are charged to profit or loss on a straight-line basis over the lease term.

Pension costs
The company contributes to individual employee's workplace personal pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2021 - 2 ) .

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2021
and 5 April 2022 16,706
DEPRECIATION
At 6 April 2021 11,816
Charge for year 1,223
At 5 April 2022 13,039
NET BOOK VALUE
At 5 April 2022 3,667
At 5 April 2021 4,890

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Lloyds Bank - Bounce Back Loan - 50,000

7. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Loans 12,440 11,403

Amounts falling due in more than five years:

Repayable by instalments
Lloyds Bank - Bounce Back Loan - 50,000

C P CHRISTOU LLP (REGISTERED NUMBER: OC351718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2022 2021
£    £   
Amounts owed to members in respect of profits 207,802 210,919

Falling due within one year 207,802 210,919

In the event of a winding up the amounts in "Loans and other debts due to members" will rank equally with unsecured creditors.