Cooper Cavendish LLP Filleted Accounts Cover
Cooper Cavendish LLP
Registered No. OC404361
Information for Filing with the Registrar
30 April 2024
Cooper Cavendish LLP Balance Sheet Registrar
at
30 April 2024
Registered No.
OC404361
Notes
2024
2023
£
£
Fixed assets
Tangible assets
5
6,517
8,751
6,517
8,751
Current assets
Stocks
6
36,123
14,597
Debtors
7
161,582
110,600
Cash at bank and in hand
55,947
136,833
253,652
262,030
Creditors: Amounts falling due within one year
8
(54,637)
(60,090)
Net current assets
199,015
201,940
Total assets less current liabilities
205,532
210,691
Net assets attributable to members
205,532
210,691
Represented by:
Members' other interests
Members' capital
200
200
Other reserves
205,332
210,491
205,532
210,691
205,532
210,691
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 30 April 2024 the LLP 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 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.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 02 August 2024 and signed on its behalf by:
J.P. Cavendish
Designated member
02 August 2024
Cooper Cavendish LLP Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
Cooper Cavendish LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC404361
Its registered office is:
6 Hope Place
Lansdown Road
Bath
BA1 5DL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover represents the fair value of services provided during the year on client assignments. Fair value reflects the amounts expected to be recoverable from clients based on time spend and exclude VAT.
Members' remuneration and division of profits
Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Work in Progress
Work in Progress relates to unbilled income on individual client assignments and is included in current assets.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Retirement benefits of former members
The retirement benefits of former members are determined annually base on a formula directly linked to the profits of the partnership. Provision is made at the date of retirement of the member for the estimated present value of the expected future payments to that member. On initial recognition the estimated current value of the future pension is transferred from members' interests to provisions for liabilities and charges. The unwinding of the discount of the provision to retirement benefits is charged to the profit and loss account and including in interest payable. The liability is reassessed annually and any changes in the estimates are included within the profit and loss account.
3
Information in relation to members
2024
2023
Number
Number
The average number of members during the year :
2
2
4
Employees
2024
2023
Number
Number
The average number of persons employed during the year was:
0
0
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 May 2023
13,6737,83621,509
Additions
510-510
At 30 April 2024
14,1837,83622,019
Depreciation
At 1 May 2023
9,0873,67212,759
Charge for the year
2,2145292,743
At 30 April 2024
11,3014,20115,502
Net book values
At 30 April 2024
2,8823,6356,517
At 30 April 2023
4,586
4,164
8,751
6
Stocks
2024
2023
£
£
Work in progress
36,12314,597
36,12314,597
7
Debtors
2024
2023
£
£
Trade debtors
128,11582,009
Prepayments and accrued income
33,46728,591
161,582110,600
8
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
--
Vat
52,68658,139
Accruals and deferred income
1,9511,951
54,63760,090
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