IRIS Accounts Production v24.1.4.33 OC423658 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4236582023-03-31OC4236582024-03-31OC4236582023-04-012024-03-31OC4236582022-03-31OC4236582022-04-012023-03-31OC4236582023-03-31OC423658ns15:EnglandWales2023-04-012024-03-31OC423658ns14:PoundSterling2023-04-012024-03-31OC423658ns10:Director12023-04-012024-03-31OC423658ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC423658ns10:SmallEntities2023-04-012024-03-31OC423658ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC423658ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC423658ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC423658ns10:FullAccounts2023-04-012024-03-31OC423658ns10:Director22023-04-012024-03-31OC423658ns10:RegisteredOffice2023-04-012024-03-31OC423658ns5:CurrentFinancialInstruments2024-03-31OC423658ns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: OC423658 (England and Wales)















LMB ADVISOR SERVICES LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


LMB ADVISOR SERVICES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Dr M R Bermingham
Mrs L Bermingham





REGISTERED OFFICE: Gnosall Health Centre
Broohouse Road
Gnosall
Staffordshire
ST20 0GP





REGISTERED NUMBER: OC423658 (England and Wales)





ACCOUNTANTS: Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of medical services.

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

Dr M R Bermingham
Mrs L Bermingham

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £52,080 (2023 - £52,702 profit).

MEMBERS' INTERESTS
Members restrict their drawings to amounts agreed in each year.

ON BEHALF OF THE MEMBERS:





Dr M R Bermingham - Designated member


26 July 2024

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LMB ADVISOR SERVICES 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 Lmb Advisor Services LLP for the year ended 31 March 2024 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 Lmb Advisor Services 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 Lmb Advisor Services LLP and state those matters that we have agreed to state to the members of Lmb Advisor Services 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 Lmb Advisor Services LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Lmb Advisor Services 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 Lmb Advisor Services LLP. You consider that Lmb Advisor Services 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 Lmb Advisor Services 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.






Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ


Date: .............................................

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 54,000 54,526

Administrative expenses (1,920 ) (1,824 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



52,080



52,702

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 1,920 1,824

CREDITORS
Amounts falling due within one year 5 (1,920 ) (1,824 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members (1,920 ) (1,824 )

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 31 March 2024.

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 26 July 2024 and were signed by:





Dr M R Bermingham - Designated member

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024


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 (1,824 )
Balance at 1 April 2023 - (1,824 ) (1,824 )
Profit for the financial year
available for discretionary division
among members


52,080


-


52,080


Members' interests after profit for
the year

52,080

(1,824

)

50,256

Other divisions of profit (52,080 ) 52,080 -
Drawings on account and
distributions of profit

-

(52,176

)

(52,176

)

Amount due to members -
Amount due from members (1,920 )
Balance at 31 March 2024 - (1,920 ) (1,920 )

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024

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 (1,740 )
Balance at 1 April 2022 - (1,740 ) (1,740 )
Profit for the financial year
available for discretionary division
among members


52,702


-


52,702


Members' interests after profit for
the year

52,702

(1,740

)

50,962

Other divisions of profit (52,702 ) 52,702 -
Drawings on account and
distributions of profit

-

(52,786

)

(52,786

)

Amount due to members -
Amount due from members (1,824 )
Balance at 31 March 2023 - (1,824 ) (1,824 )

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Lmb Advisor Services 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of medical services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargeable hours undertaken.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INFORMATION IN RELATION TO MEMBERS

2024 2023

The average number of members during the year was 2 2

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,920 1,824

LMB ADVISOR SERVICES LLP (REGISTERED NUMBER: OC423658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   


Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.