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REGISTERED NUMBER: OC348836 (England and Wales)




























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: Mr Nigel Mark Bayliss
Mrs Martine Bayliss





REGISTERED OFFICE: 352 Church Road
Bolton
Lancashire
BL1 5RP





REGISTERED NUMBER: OC348836 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
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:

Mr Nigel Mark Bayliss
Mrs Martine Bayliss

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:





Mr Nigel Mark Bayliss - Designated member


27 June 2024

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.






DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY


27 June 2024

Smithills Management Consultants LLP (Registered number: OC348836)

Profit and Loss Account
for the Year Ended 30 September 2023

2023 2022
Notes £    £   

TURNOVER 47,678 -

Administrative expenses (2,670 ) -
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 1,571 1,955

CREDITORS
Amounts falling due within one year 5 756 720
NET CURRENT ASSETS 815 1,235
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 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 year ended 30 September 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 27 June 2024 and were signed by:





Mr Nigel Mark Bayliss - Designated member

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
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 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 - 2 ).

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 756 720

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.