Registered number
OC420605
Square House (Consultancy) LLP
Unaudited Filleted Accounts
31 March 2024
Square House (Consultancy) LLP
Registered number: OC420605
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 393 491
Tangible assets 4 31,434 39,480
31,827 39,971
Current assets
Debtors 5 25,385 37,135
Cash at bank and in hand 12,204 7,298
37,589 44,433
Creditors: amounts falling due within one year 6 (17,103) (19,067)
Net current assets 20,486 25,366
Total assets less current liabilities 52,313 65,337
Creditors: amounts falling due after more than one year 7 (31,000) (35,341)
Net assets attributable to members 21,313 29,996
Represented by:
Loans and other debts due to members 8 21,313 29,996
21,313 29,996
Total members' interests
Loans and other debts due to members 8 21,313 29,996
21,313 29,996
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 8 August 2024 and signed on their behalf by:
N M F Jopling
Designated member
Square House (Consultancy) LLP
Notes to the Accounts
for the period from 1 February 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Division of profits
Profits are treated as being available for discretionary division only if 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. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Members' capital
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Intangible fixed assets £
Website:
Cost
At 1 February 2023 1,500
At 31 March 2024 1,500
Amortisation
At 1 February 2023 1,009
Provided during the period 98
At 31 March 2024 1,107
Net book value
At 31 March 2024 393
At 31 January 2023 491
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor Vehicles Total
£ £ £
Cost
At 1 February 2023 6,046 45,596 51,642
At 31 March 2024 6,046 45,596 51,642
Depreciation
At 1 February 2023 3,043 9,119 12,162
Charge for the period 751 7,295 8,046
At 31 March 2024 3,794 16,414 20,208
Net book value
At 31 March 2024 2,252 29,182 31,434
At 31 January 2023 3,003 36,477 39,480
5 Debtors 2024 2023
£ £
Trade debtors 24,834 36,385
Other debtors 551 750
25,385 37,135
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 13,506 15,313
Other creditors 3,597 3,754
17,103 19,067
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 31,000 35,341
8 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 21,313 29,996
Amounts falling due within one year 21,313 29,996
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
9 Controlling party
10 Number of Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
11 Other information
Square House (Consultancy) LLP is a limited liability partnership incorporated in England. Its registered office is:
Stratton Grange
Gloucester Road
Cirencester
GL7 2LR
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