IRIS Accounts Production v23.3.1.45 OC320452 designated member 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3204522022-10-31OC3204522023-10-31OC3204522022-11-012023-10-31OC3204522021-10-31OC3204522021-11-012022-10-31OC3204522022-10-31OC320452ns10:Originalns15:EnglandWales2022-11-012023-10-31OC320452ns14:PoundSterlingns10:Original2022-11-012023-10-31OC320452ns10:Originalns10:Director12022-11-012023-10-31OC320452ns10:Original2022-11-012023-10-31OC320452ns10:Original2023-10-31OC320452ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-11-012023-10-31OC320452ns10:Originalns10:SmallEntities2022-11-012023-10-31OC320452ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31OC320452ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-31OC320452ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-11-012023-10-31OC320452ns10:Originalns10:FullAccounts2022-11-012023-10-31OC320452ns10:Originalns10:Director22022-11-012023-10-31OC320452ns10:Originalns10:RegisteredOffice2022-11-012023-10-31OC320452ns10:Original2022-10-31OC320452ns10:Originalns5:CurrentFinancialInstruments2023-10-31OC320452ns10:Originalns5:CurrentFinancialInstruments2022-10-31OC320452ns10:Originalns5:Non-currentFinancialInstruments2023-10-31OC320452ns10:Originalns5:Non-currentFinancialInstruments2022-10-31OC320452ns10:Originalns5:PlantMachinery2022-11-012023-10-31OC320452ns10:Original2021-11-012022-10-31OC320452ns10:Originalns5:PlantMachinery2022-10-31OC320452ns10:Originalns5:PlantMachinery2023-10-31OC320452ns10:Originalns5:PlantMachinery2022-10-31OC320452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31OC320452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31OC320452ns10:Originalns5:CurrentFinancialInstruments2022-11-012023-10-31OC320452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-10-31OC320452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-10-31OC320452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-31OC320452ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-31OC320452ns10:Originalns5:WithinOneYear2023-10-31OC320452ns10:Originalns5:WithinOneYear2022-10-31OC320452ns5:BetweenOneFiveYearsns10:Original2023-10-31OC320452ns5:BetweenOneFiveYearsns10:Original2022-10-31OC320452ns10:Originalns5:AllPeriods2023-10-31OC320452ns10:Originalns5:AllPeriods2022-10-31OC320452ns5:Securedns10:Original2023-10-31OC320452ns5:Securedns10:Original2022-10-31
REGISTERED NUMBER: OC320452 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

COLLINS BENSON GOLDHILL LLP

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLINS BENSON GOLDHILL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DESIGNATED MEMBERS: Mrs W H Hsu
Mr L M Brassey





REGISTERED OFFICE: 26-28 Great Portland Street
London
W1W 8QT





REGISTERED NUMBER: OC320452 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,512 21,161

CURRENT ASSETS
Debtors 5 1,216,515 1,093,210
Cash at bank and in hand 6 2,558,148 2,621,203
3,774,663 3,714,413
CREDITORS
Amounts falling due within one year 7 3,184,929 3,010,224
NET CURRENT ASSETS 589,734 704,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,246

725,350

CREDITORS
Amounts falling due after more than one
year

8

18,750

37,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

588,496

687,850

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

363,496

462,850

MEMBERS' OTHER INTERESTS
Capital accounts 225,000 225,000
588,496 687,850

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 363,496 462,850
Members' other interests 225,000 225,000
588,496 687,850

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 February 2024 and were signed by:





Mrs W H Hsu - Designated member

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Collins Benson Goldhill LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The LLP's functional and presentation currency is the pound sterling.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents net invoiced sales of legal services, excluding value added tax.

Revenue is recognised in the accounting period in which the services were rendered.

Work in progress, valued at recoverable amount, is included in turnover and is classified as accrued income within trade debtors in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 November 2022 86,663
Additions 5,674
Disposals (7,088 )
At 31 October 2023 85,249
DEPRECIATION
At 1 November 2022 65,502
Charge for year 8,877
Eliminated on disposal (6,642 )
At 31 October 2023 67,737
NET BOOK VALUE
At 31 October 2023 17,512
At 31 October 2022 21,161

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 894,552 784,959
Other debtors 5,808 -
Prepayments 316,155 308,251
1,216,515 1,093,210

6. CASH AT BANK AND IN HAND
2023 2022
£    £   
Office deposit accounts 43 197,246
Office account 17,439 21,447
General client bank accounts 2,540,012 2,402,361
Cash in hand 654 149
2,558,148 2,621,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank and other loans 364,208 310,401
Trade creditors 8,161 20,974
Social security and other taxes 35,392 23,702
VAT 121,699 98,477
Other creditors 28,341 97,895
Amounts due to clients 2,540,012 2,402,361
Accrued expenses 87,116 56,414
3,184,929 3,010,224

Amounts due to clients relate to monies held in the general client bank accounts.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank and other loans - 1-2
years 18,750 18,750
Bank and other loans - 2-5
years - 18,750
18,750 37,500

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 122,430 115,385
Between one and five years 163,462 278,848
285,892 394,233

The above leases relate to LLP's business premises and equipment rentals.

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank and other loans 382,958 347,901

The loans are secured by the LLP members' personal guarantees.

The partnership has an agreed overdraft facility with HSBC Bank Plc of £150,000. The overdraft is secured by a floating charge over the partnership assets. At the year end the partnership bank accounts were in funds.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

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