1 April 2022 false No description of principal activity Taxfiler 2023.10 OC335886business:LimitedLiabilityPartnershipLLP2022-04-012023-03-31 OC3358862022-03-31 OC3358862022-04-012023-03-31 OC335886business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 OC335886business:FullAccounts2022-04-012023-03-31 OC3358862023-03-31 OC335886business:PartnerLLP12022-04-012023-03-31 OC335886business:PartnerLLP22022-04-012023-03-31 OC335886business:PartnerLLP32022-04-012023-03-31 OC335886business:PartnerLLP42022-04-012023-03-31 OC335886business:RegisteredOffice2022-04-012023-03-31 OC3358862022-03-31 OC335886core:WithinOneYear2023-03-31 OC335886core:WithinOneYear2022-03-31 OC335886business:SmallEntities2022-04-012023-03-31 OC335886core:FurnitureFittings2022-04-012023-03-31 OC335886countries:EnglandWales2022-04-012023-03-31 OC335886core:FurnitureFittings2022-03-31 OC335886core:FurnitureFittings2023-03-31 OC3358862021-04-012022-03-31 iso4217:GBP xbrli:pure
Registered No. OC335886 (England and Wales)
Cound & Co Limited Liability Partnership Unaudited accounts for the year ended 31 March 2023
Cound & Co Limited Liability Partnership LLP Information for the year ended 31 March 2023
Designated members
Chase Mayne Accountancy Services Ltd
Kevin Penhallurick Ltd
Logic Accounting Ltd
Robert Gradon & Co Ltd
Registered Number
OC335886 (England and Wales)
Registered Office
1 Princes Court Royal Way Loughborough LE11 5XR
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Cound & Co Limited Liability Partnership Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,265 
2,933 
Current assets
Inventories
26,304 
19,985 
Debtors
253,654 
183,608 
Cash at bank and in hand
228,797 
242,431 
508,755 
446,024 
Creditors: amounts falling due within one year
(111,517)
(94,256)
Net current assets
397,238 
351,768 
Net assets attributable to members
399,503 
354,701 
Represented by:
Loans and other debts due to members
399,503 
354,701 
399,503 
354,701 
Total members' interests
Loans and other debts due to members
399,503 
354,701 
399,503 
354,701 
For the year ending 31 March 2023 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 24 May 2023.
Robert Gradon & Co Ltd Designated member Limited Liability Partnership Registration No. OC335886
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Cound & Co Limited Liability Partnership Notes to the Accounts for the year ended 31 March 2023
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% per annum of NBV
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value.
2
Statutory information
Cound & Co Limited Liability Partnership is a limited liability partnership, incorporated in England and Wales, registration number OC335886. Its registered office is 1 Princes Court, Royal Way, Loughborough, LE11 5XR.
3
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
20,017 
Additions
136 
At 31 March 2023
20,153 
Depreciation
At 1 April 2022
17,084 
Charge for the year
804 
At 31 March 2023
17,888 
Net book value
At 31 March 2023
2,265 
At 31 March 2022
2,933 
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
21,175 
28,998 
Taxes and social security costs
73,484 
58,470 
Other creditors
16,858 
6,788 
111,517 
94,256 
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Cound & Co Limited Liability Partnership Notes to the Accounts for the year ended 31 March 2023
5
Loans and other debts due to members
2023 
2022 
£ 
£ 
Amounts due to members in respect of profits
399,503 
354,701 
Amounts falling due within one year
399,503 
354,701 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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