Registered No. OC435073 (England and Wales)
William Minto LLP
Unaudited accounts
for the year ended 31 March 2024
William Minto LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mrs Clare Elizabeth Glenister Minto
Mr William Alexander Forbes Minto
Registered Number
OC435073 (England and Wales)
Registered Office
Mansers Farm
Nizels Lane
Hildenborough
Kent
TN11 8NX
United Kingdom
Accountants
Workabee Accountants
Sharon Gillett BSc FCA
11 Chestnut Avenue
Buckhurst Hill
Essex
IG9 6EN
William Minto LLP
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
2,394
-
Creditors: amounts falling due within one year
(320)
(300)
Net current assets
3,113
739
Net assets attributable to members
3,232
920
Loans and other debts due to members
3,232
920
Loans and other debts due to members
3,232
920
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 26 July 2024.
Mr William Alexander Forbes Minto
Designated member
Limited Liability Partnership Registration No. OC435073
William Minto LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Profits or losses are automatically divided between members and included within members' remuneration charged as an expense.
Amounts drawn by members against future divisions of profit (i.e. drawings on account) are loan assets repayable by members. A loan asset is extinguished when the member’s drawing on account is offset by a debt due to that member further to
a division of profits.
Members' capital is classified as debt and not equity as there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
William Minto LLP is a limited liability partnership, incorporated in England and Wales, registration number OC435073. Its registered office is Mansers Farm, Nizels Lane, Hildenborough, Kent, TN11 8NX, United Kingdom.
William Minto LLP
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2024
2023
5
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
3,232
920
Amounts falling due within one year
3,232
920
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).