REGISTERED NUMBER: |
Members' Report and |
Unaudited Financial Statements |
for the Year Ended 30 September 2023 |
for |
Smithills Management Consultants LLP |
REGISTERED NUMBER: |
Members' Report and |
Unaudited Financial Statements |
for the Year Ended 30 September 2023 |
for |
Smithills Management Consultants LLP |
Smithills Management Consultants LLP (Registered number: OC348836) |
Contents of the Financial Statements |
for the Year Ended 30 September 2023 |
Page |
General Information | 1 |
Members' Report | 2 |
Chartered Accountants' Report | 3 |
Profit and Loss Account | 4 |
Balance Sheet | 5 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
Smithills Management Consultants LLP |
General Information |
for the Year Ended 30 September 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Hazlemere |
70 Chorley New Road |
Bolton |
Lancashire |
BL1 4BY |
Smithills Management Consultants LLP (Registered number: OC348836) |
Members' Report |
for the Year Ended 30 September 2023 |
The members present their report with the financial statements of the LLP for the year ended 30 September 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of management consultants. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £45,008 (2022 - £NIL profit). |
MEMBERS' INTERESTS |
Members capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
ON BEHALF OF THE MEMBERS: |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Smithills Management Consultants 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 Smithills Management Consultants LLP for the year ended 30 September 2023 which comprise the Profit and Loss Account, 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 Smithills Management Consultants LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Smithills Management Consultants LLP and state those matters that we have agreed to state to the members of Smithills Management Consultants 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 Smithills Management Consultants LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Smithills Management Consultants 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 profit of Smithills Management Consultants LLP. You consider that Smithills Management Consultants LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Smithills Management Consultants 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. |
Chartered Accountants |
Hazlemere |
70 Chorley New Road |
Bolton |
Lancashire |
BL1 4BY |
Smithills Management Consultants LLP (Registered number: OC348836) |
Profit and Loss Account |
for the Year Ended 30 September 2023 |
2023 | 2022 |
Notes | £ | £ |
TURNOVER |
Administrative expenses | ( |
) |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
45,008 |
- |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
45,008 |
- |
Members' remuneration charged as an expense |
4 |
(45,008 |
) |
- |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Smithills Management Consultants LLP (Registered number: OC348836) |
Balance Sheet |
30 September 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
815 |
1,235 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
815 |
1,235 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 815 | 1,235 |
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 were approved by the members of the LLP and authorised for issue on |
Smithills Management Consultants LLP (Registered number: OC348836) |
Reconciliation of Members' Interests |
for the Year Ended 30 September 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 | 1,235 |
Amount due from members | - |
Balance at 1 October 2022 | - | 1,235 | 1,235 |
Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
45,008 |
45,008 |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year |
- |
46,243 |
46,243 |
Drawings on account and distributions of profit |
- |
(45,428 |
) |
(45,428 |
) |
Amount due to members | 815 |
Amount due from members | - |
Balance at 30 September 2023 | - | 815 | 815 |
Smithills Management Consultants LLP (Registered number: OC348836) |
Reconciliation of Members' Interests |
for the Year Ended 30 September 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 | 1,235 |
Amount due from members | - |
Balance at 1 October 2021 | - | 1,235 | 1,235 |
Profit for the financial year available for discretionary division among members |
- |
- |
- |
Members' interests after profit for the year |
- |
1,235 |
1,235 |
Amount due to members | 1,235 |
Amount due from members | - |
Balance at 30 September 2022 | - | 1,235 | 1,235 |
Smithills Management Consultants LLP (Registered number: OC348836) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
1. | STATUTORY INFORMATION |
Smithills Management Consultants 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - |
4. | INFORMATION IN RELATION TO MEMBERS |
2023 | 2022 |
£ | £ |
Members' remuneration charged as an expense |
Other payments | 45,008 | - |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accrued expenses |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loan and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr Nigel Mark Bayliss. |