Registration number:
Russellcroft LLP
for the Year Ended 31 December 2023
Russellcroft LLP
Contents
Limited liability partnership information |
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Members' Report |
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Accountants' Report |
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Abridged Financial Statements |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Russellcroft LLP
Limited liability partnership information
Designated members |
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Registered office |
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Accountants |
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Russellcroft LLP
Members' Report for the Year Ended 31 December 2023
The members present their report and the unaudited abridged financial statements for the year ended 31 December 2023.
Designated members
The members who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.
Approved by the
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Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Russellcroft LLP
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Russellcroft LLP for the year ended 31 December 2023 set out on pages 4 to 7 from the limited liability partnership'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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the members of Russellcroft LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Russellcroft LLP and state those matters that we have agreed to state to the members of Russellcroft LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Russellcroft LLP and its members as a body for our work or for this report.
It is your duty to ensure that Russellcroft LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Russellcroft LLP. You consider that Russellcroft 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 accounts of Russellcroft 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 accounts.
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Northampton
Northamptonshire
NN1 5PT
Russellcroft LLP
(Registration number: OC325194)
Abridged Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
138,527 |
138,527 |
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Members’ other interests |
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Members' capital classified as equity |
424,385 |
436,948 |
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562,912 |
575,475 |
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Total members' interests |
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Loans and other debts due to members |
138,527 |
138,527 |
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Equity |
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562,912 |
575,475 |
For the year ending 31 December 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Russellcroft LLP
(Registration number: OC325194)
Abridged Balance Sheet as at 31 December 2023
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
All of the limited liability partnership's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006, as applied to limited liability partnerships.
The financial statements of Russellcroft LLP (registered number OC325194) were approved by the
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Russellcroft LLP
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Accounting policies |
Statement of compliance
These abridged 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.
General information and basis of accounting
The limited liability partnership is incorporated in United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Russellcroft LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
Russellcroft LLP
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Tangible fixed assets |
Total |
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Cost |
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At 1 January 2023 |
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Additions |
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Disposals |
( |
At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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Eliminated on disposals |
( |
At 31 December 2023 |
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Net book value |
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At 31 December 2023 |
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At 31 December 2022 |
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Control |
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.