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REGISTERED NUMBER: OC443112 (England and Wales)















Coral Financial Planning LLP

Report of the Members and

Financial Statements for the Period 14 July 2022 to 31 December 2023






Coral Financial Planning LLP (Registered number: OC443112)






Contents of the Financial Statements
for the Period 14 July 2022 to 31 December 2023




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 6

Notes to the Financial Statements 7


Coral Financial Planning LLP

General Information
for the Period 14 July 2022 to 31 December 2023







DESIGNATED MEMBERS: Mrs C Stokes
L Riordan





REGISTERED OFFICE: 13 Sutherland Gardens
Rainham
Kent
ME8 9LZ





REGISTERED NUMBER: OC443112 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Coral Financial Planning LLP (Registered number: OC443112)

Report of the Members
for the Period 14 July 2022 to 31 December 2023

The members present their report with the financial statements of the LLP for the period 14 July 2022 to 31 December 2023.

INCORPORATION
The LLP was incorporated on 14 July 2022 and commenced trading on the same date.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of financial planning services.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mrs C Stokes
L Riordan

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £37,460.

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

MEMBERS' RESPONSIBILITIES STATEMENT
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





L Riordan - Designated member


21 February 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Coral Financial Planning LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Coral Financial Planning LLP for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Coral Financial Planning LLP, as a body, in accordance with the terms of our engagement letter dated 6 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Coral Financial Planning LLP and state those matters that we have agreed to state to the members of Coral Financial Planning LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coral Financial Planning LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Coral Financial Planning LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coral Financial Planning LLP. You consider that Coral Financial Planning LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Coral Financial Planning LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG


21 February 2024

Coral Financial Planning LLP (Registered number: OC443112)

Income Statement
for the Period 14 July 2022 to 31 December 2023

£   

TURNOVER 39,160

Cost of sales 73,922
GROSS LOSS (34,762 )

Administrative expenses 2,698
OPERATING LOSS and
LOSS FOR THE FINANCIAL PERIOD BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



(37,460



)

Coral Financial Planning LLP (Registered number: OC443112)

Balance Sheet
31 December 2023

Notes £   
CURRENT ASSETS
Debtors 37,460
Cash at bank 2,740
40,200
CREDITORS
Amounts falling due within one year 4 20,700
NET CURRENT ASSETS 19,500
TOTAL ASSETS LESS CURRENT LIABILITIES 19,500

CREDITORS
Amounts falling due after more than one
year

5

19,500
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

LOANS AND OTHER DEBTS DUE TO MEMBERS -

TOTAL MEMBERS' INTERESTS
Amounts due from members (37,460 )

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 period ended 31 December 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 21 February 2024 and were signed by:




L Riordan - Designated member

Coral Financial Planning LLP (Registered number: OC443112)

Reconciliation of Members' Interests
for the Period 14 July 2022 to 31 December 2023


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members -
Balance at 14 July 2022 - - -
Loss for the financial period
available for discretionary division
among members


(37,460


)


-


(37,460


)


Members' interests after loss for
the period

(37,460

)

-

(37,460

)

Other divisions of loss 37,460 (37,460 ) -
Amount due to members -
Amount due from members (37,460 )
Balance at 31 December 2023 - (37,460 ) (37,460 )

Coral Financial Planning LLP (Registered number: OC443112)

Notes to the Financial Statements - continued
for the Period 14 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Coral Financial Planning LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration for service received or receivable.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 20,700

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 19,500

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 39,000