Limited Liability Partnership registration number OC344266 (England and Wales)
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP (REGISTERED NUMBER: OC344266)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
454
606
Current assets
Cash at bank and in hand
2,697
1,367
Creditors: amounts falling due within one year
4
(900)
(858)
Net current assets
1,797
509
Total assets less current liabilities and net assets attributable to members
2,251
1,115
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
4,000
4,000
Other amounts
(1,889)
(3,339)
2,111
661
Members' other interests
Other reserves classified as equity
140
454
2,251
1,115
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
For the financial year ended 31 March 2024 the limited liability partnership 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) relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP (REGISTERED NUMBER: OC344266)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the members and authorised for issue on 17 April 2024 and are signed on their behalf by:
17 April 2024
Sir R J Broadbent
Designated member
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Limited liability partnership information
The Centre for Compassionate Communication LLP is a limited liability partnership incorporated in England and Wales. The registered office is 15 Vincent Terrace, London, N1 8HJ.
The limited liability partnership's principal activities are disclosed in the Members' Report.
1.1
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents the amounts recoverable for the services provided to clients.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.
2
Employees
The average number of persons (excluding members) employed by the partnership during the year was:
2024
2023
Number
Number
Total
2
2
THE CENTRE FOR COMPASSIONATE COMMUNICATION LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 and 31 March 2024
5,697
Depreciation and impairment
At 1 April 2023
5,091
Depreciation charged in the year
152
At 31 March 2024
5,243
Carrying amount
At 31 March 2024
454
At 31 March 2023
606
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
900
858
5
Loans and other debts due to members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.