Registered No. OC438589 (England and Wales)
CREO CLINIC LLP
Unaudited accounts
for the year ended 5 April 2023
CREO CLINIC LLP
LLP Information
for the year ended 5 April 2023
Designated members
ABA Creators Ltd
Registered Number
OC438589 (England and Wales)
Registered Office
54 BROADFIELDS AVE
EDGWARE
HA8 8SW
ENGLAND
Accountants
Intertax Consulting Ltd
Enterprise House
1st Floor
2 The Crest
London
NW4 2HN
CREO CLINIC LLP
Statement of financial position
as at 5 April 2023
Cash at bank and in hand
103,201
45,983
Net current assets
149,082
42,983
Net assets attributable to members
149,082
42,983
Loans and other debts due to members
20,000
20,000
Other reserves
129,082
22,983
Loans and other debts due to members
20,000
20,000
Members' other interests
129,082
22,983
For the year ending 5 April 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 25 October 2023.
ABA Creators Ltd
Designated member
Limited Liability Partnership Registration No. OC438589
CREO CLINIC LLP
Notes to the Accounts
for the year ended 5 April 2023
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
CREO CLINIC LLP is a limited liability partnership, incorporated in England and Wales, registration number OC438589. Its registered office is 54 BROADFIELDS AVE, EDGWARE, HA8 8SW, ENGLAND.
3
Loans and other debts due to members
2023
2022
Loans from members
20,000
20,000
Amounts falling due within one year
20,000
20,000
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
4
Average number of employees
During the year the average number of employees was 1 (2022: 0).