Registered number
OC407483
Fincap Law LLP
Filleted Accounts
31 March 2023
Fincap Law LLP
Registered number: OC407483
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,813 -
Current assets
Stocks - 1,090
Debtors 4 1,569,007 108,789
Cash at bank and in hand 402,242 161,144
1,971,249 271,023
Creditors: amounts falling due within one year 5 (888,605) (179,072)
Net current assets 1,082,644 91,951
Total assets less current liabilities 1,085,457 91,951
Net assets attributable to members 1,085,457 91,951
Represented by:
Loans and other debts due to members 6 92,670 92,670
Members' other interests
Other reserves 992,787 (719)
1,085,457 91,951
Total members' interests
Loans and other debts due to members 6 92,670 92,670
Members' other interests 992,787 (719)
1,085,457 91,951
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 12 December 2023 and signed on their behalf by:
Mathias Strasser
Designated member
Fincap Law LLP
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 15 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,650
At 31 March 2023 3,650
Depreciation
Charge for the year 837
At 31 March 2023 837
Net book value
At 31 March 2023 2,813
4 Debtors 2023 2022
£ £
Trade debtors 994,438 78,966
PAYE - 12,394
Pensions 41 -
Prepayments 10,500 12,719
VAT - 4,710
Other debtors 564,028 -
1,569,007 108,789
5 Creditors: amounts falling due within one year 2023 2022
£ £
VAT 100,540 -
PAYE 29,330 -
Pension - 100
Trade creditors 280,627 157,472
Accruals 1,500 1,500
Other creditors 476,608 20,000
888,605 179,072
6 Loans and other debts due to members 2023 2022
£ £
Loans from members 82,670 82,670
Amounts due to members in respect of profits 10,000 10,000
92,670 92,670
Amounts falling due within one year 92,670 92,670
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Fincap Law LLP is a limited liability partnership incorporated in England. Its registered office is:
25 Cabot Square Level 11
London
E14 4QZ
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