Primary Care Ophthalmology LLP OC343025 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the provision of primary care ophthalmology education to the health profession Digita Accounts Production Advanced 6.30.9574.0 true OC343025 2022-04-01 2023-03-31 OC343025 2023-03-31 OC343025 core:WithinOneYear 2023-03-31 OC343025 bus:SmallEntities 2022-04-01 2023-03-31 OC343025 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC343025 bus:FullAccounts 2022-04-01 2023-03-31 OC343025 bus:RegisteredOffice 2022-04-01 2023-03-31 OC343025 bus:PartnerLLP1 2022-04-01 2023-03-31 OC343025 bus:PartnerLLP2 2022-04-01 2023-03-31 OC343025 bus:PartnerLLP3 2022-04-01 2023-03-31 OC343025 bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC343025 core:ToolsEquipment 2022-04-01 2023-03-31 OC343025 countries:AllCountries 2022-04-01 2023-03-31 OC343025 2021-04-01 2022-03-31 OC343025 2022-03-31 OC343025 core:WithinOneYear 2022-03-31 xbrli:pure iso4217:GBP

Registration number: OC343025

Primary Care Ophthalmology LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Primary Care Ophthalmology LLP

Limited liability partnership information

Designated members

Dr Andrew Partner

Dr Stella Jane Hornby

Dr Anup Shah

Registered office

Hillside
Chapel Hill
Wootton
Woodstock
Oxfordshire
OX20 1DX

Accountants

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Primary Care Ophthalmology LLP

(Registration number: OC343025)
Balance Sheet as at 31 March 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

3

1,607

2,080

Current assets

 

Debtors

844

318

Cash and short-term deposits

 

2,044

1,707

 

2,888

2,025

Creditors: Amounts falling due within one year

5

(970)

(882)

Net current assets

 

1,918

1,143

Net assets attributable to members

 

3,525

3,223

Represented by:

 

Equity

 

Members' capital classified as equity

 

3,525

3,223

   

3,525

3,223

Total members' interests

 

Amounts due from members

 

(844)

(318)

Amounts due to members

 

825

523

Members' other interests

 

2,700

2,700

   

2,681

2,905

For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

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

 

Primary Care Ophthalmology LLP

(Registration number: OC343025)
Balance Sheet as at 31 March 2023 (continued)

The LLP has taken advantage of section 408 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) Regulations 2008 and has not included its Profit and Loss Account in these financial statements.

The financial statements of Primary Care Ophthalmology LLP (registered number OC343025) were approved by the Board and authorised for issue on 4 November 2023. They were signed on behalf of the limited liability partnership by:

.........................................
Dr Andrew Partner
Designated member

.........................................
Dr Stella Jane Hornby
Designated member

.........................................
Dr Anup Shah
Designated member

 

Primary Care Ophthalmology LLP

Notes to the Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Primary Care Ophthalmology LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

 

Primary Care Ophthalmology LLP

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

1

Accounting policies (continued)

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or revaluation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Equipment

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 3 (2022 - 3).

 

Primary Care Ophthalmology LLP

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

3

Tangible fixed assets

Equipment
£

Cost

At 1 April 2022

4,882

At 31 March 2023

4,882

Depreciation

At 1 April 2022

2,802

Charge for the year

473

At 31 March 2023

3,275

Net book value

At 31 March 2023

1,607

At 31 March 2022

2,080

4

Debtors

2023
 £

2022
 £

Other debtors

844

318

Total current trade and other debtors

844

318

5

Creditors: Amounts falling due within one year

2023
 £

2022
 £

Accruals and deferred income

970

882