Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01false2The principal activity of the company is that of providing management consultancy.2truetrue OC337769 2022-01-01 2022-12-31 OC337769 2021-01-01 2021-12-31 OC337769 2022-12-31 OC337769 2021-12-31 OC337769 c:OfficeEquipment 2022-01-01 2022-12-31 OC337769 c:OfficeEquipment 2022-12-31 OC337769 c:OfficeEquipment 2021-12-31 OC337769 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 OC337769 c:CurrentFinancialInstruments 2022-12-31 OC337769 c:CurrentFinancialInstruments 2021-12-31 OC337769 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC337769 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 OC337769 d:FRS102 2022-01-01 2022-12-31 OC337769 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 OC337769 d:FullAccounts 2022-01-01 2022-12-31 OC337769 d:LimitedLiabilityPartnershipLLP 2022-01-01 2022-12-31 OC337769 d:PartnerLLP1 2022-01-01 2022-12-31 OC337769 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 OC337769 c:FurtherSpecificReserve3ComponentTotalEquity 2021-12-31 iso4217:GBP xbrli:pure
Registered number: OC337769














F & C CONSULTING LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
F & C CONSULTING LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 7


 
F & C CONSULTING LLP
REGISTERED NUMBER:OC337769

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
786
-

  
786
-

Current assets
  

Debtors: amounts falling due within one year
 5 
27,541
-

Cash at bank and in hand
 6 
19,086
318

  
46,627
318

Creditors: amounts falling due within one year
 7 
(21,621)
(2,520)

Net current assets/(liabilities)
  
 
 
25,006
 
 
(2,202)

Total assets less current liabilities
  
25,792
(2,202)

  

Net assets/(liabilities) attributable to members
  
25,792
(2,202)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
25,792
(2,202)

  
25,792
(2,202)

  

  
25,792
(2,202)


Total members' interests
  

Loans and other debts due to members
 8 
25,792
(2,202)

  
25,792
(2,202)


1

 
F & C CONSULTING LLP
REGISTERED NUMBER:OC337769
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




F G Mc Gough
Designated member

Date: 22 December 2023

The notes on pages 4 to 7 form part of these financial statements.

F & C Consulting LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

2

 
F & C CONSULTING LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2022






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Loss for the year available for discretionary division among members
 
(3,977)
(3,977)
-
-
(3,977)

Members' interests after profit for the year
(3,977)
(3,977)
(1,325)
(1,325)
(5,302)

Other division of losses
3,977
3,977
(3,977)
(3,977)
-

Amounts introduced by members
 
-
-
3,100
3,100
3,100

Amounts due to members
 


(2,202)
(2,202)


Balance at 31 December 2021
-
-
(2,202)
(2,202)
(2,202)

Profit for the year available for discretionary division among members
 
49,967
49,967
-
-
49,967

Members' interests after profit for the year
49,967
49,967
(2,202)
(2,202)
47,765

Other division of profits
(49,967)
(49,967)
49,967
49,967
-

Amounts introduced by members
-
-
1,000
1,000
1,000

Drawings
 
-
-
(22,973)
(22,973)
(22,973)

Amounts due to members
 


25,792
25,792


Balance at 31 December 2022 
-
-
25,792
25,792
25,792

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

3

 
F & C CONSULTING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

F & C Consulting LLP is a limited liability partnership registered in England and Wales, registration number OC337769. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London W1W 8BE.

The principal activity of the company is that of providing management consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
F & C CONSULTING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including designated members, during the year was 2 (2021 - 2).

5

 
F & C CONSULTING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Office equipment

£



Cost 


Additions
898



At 31 December 2022

898



Depreciation


Charge for the year
112



At 31 December 2022

112



Net book value



At 31 December 2022
786



At 31 December 2021
-


5.


Debtors

2022
2021
£
£


Trade debtors
27,541
-



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank
19,086
318



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
16,581
-

Accruals
5,040
2,520

21,621
2,520


6

 
F & C CONSULTING LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Loans and other debts due to members


2022
2021
£
£



Other amounts due to members
(25,792)
2,202

Loans and other debts due to members may be further analysed as follows:

2022
2021
£
£



Falling due within one year
(25,792)
2,202

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

 
7