Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-311616true2022-04-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC353645 2022-04-01 2023-03-31 OC353645 2021-04-01 2022-03-31 OC353645 2023-03-31 OC353645 2022-03-31 OC353645 c:CurrentFinancialInstruments 2023-03-31 OC353645 c:CurrentFinancialInstruments 2022-03-31 OC353645 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC353645 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC353645 d:FRS102 2022-04-01 2023-03-31 OC353645 d:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC353645 d:FullAccounts 2022-04-01 2023-03-31 OC353645 d:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC353645 d:PartnerLLP2 2022-04-01 2023-03-31 OC353645 d:PartnerLLP3 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: OC353645









COLNEY RADIOLOGY GROUP LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
COLNEY RADIOLOGY GROUP LLP
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COLNEY RADIOLOGY GROUP LLP
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Colney Radiology Group LLP for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement letter dated 11 October 2019Our work has been undertaken solely to prepare for your approval the financial statements of Colney Radiology Group LLP  and state those matters that we have agreed to state to the Colney Radiology Group LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colney Radiology Group LLP and its members for our work or for this report. 

It is your duty to ensure that Colney Radiology Group LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colney Radiology Group LLP. You consider that Colney Radiology Group LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Colney Radiology Group LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

27 September 2023
Page 1

 
COLNEY RADIOLOGY GROUP LLP
REGISTERED NUMBER: OC353645

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
180,776
28,866

Cash at bank and in hand
  
153,083
115,181

  
333,859
144,047

Creditors: Amounts Falling Due Within One Year
 5 
(285,518)
(133,031)

Net current assets
  
 
 
48,341
 
 
11,016

Total assets less current liabilities
  
48,341
11,016

  

Net assets
  
48,341
11,016


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 6 
48,341
11,016

  

  
48,341
11,016


Total members' interests
  

Loans and other debts due to members
 6 
48,341
11,016

  
48,341
11,016


Page 2

 
COLNEY RADIOLOGY GROUP LLP
REGISTERED NUMBER: OC353645
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 27 September 2023.






Dr Janak Saada
Dr Stuart Williams
Designated member
Designated member

Colney Radiology Group LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

 
COLNEY RADIOLOGY GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The LLP is a United Kingdom Limited Liability Partnership.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The LLP's principal activity is that of providing private imaging services to patients across Norwich and Norfolk.  Its principal place of business is the Cotman Centre, Colney Lane, Norwich, Norfolk, NR4 6UB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents fees charged to patients or third-party payers for diagnostic imaging, image guided treatments, screening and reporting and is recognised at the point the service is provided.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the profit and loss account.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
COLNEY RADIOLOGY GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Information in relation to members

2023
2022
Number
Number


Average number of members during the year
16
16

16
16


4.


Debtors

2023
2022
£
£


Trade debtors
173,064
26,808

Other debtors
7,497
2,057

Prepayments and accrued income
215
-

180,776
28,865


Page 5

 
COLNEY RADIOLOGY GROUP LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
272,097
127,766

Accruals and deferred income
13,421
5,265

285,518
133,031



6.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
48,341
11,016

48,341
11,016



Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6