IRIS Accounts Production v24.2.0.383 OC403467 designated member 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4034672022-12-31OC4034672023-12-31OC4034672023-01-012023-12-31OC4034672021-12-31OC4034672022-01-012022-12-31OC4034672022-12-31OC403467ns15:EnglandWales2023-01-012023-12-31OC403467ns14:PoundSterling2023-01-012023-12-31OC403467ns10:PartnerLLP12023-01-012023-12-31OC403467ns10:LimitedLiabilityPartnershipLLP2023-01-012023-12-31OC403467ns10:SmallEntities2023-01-012023-12-31OC403467ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31OC403467ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31OC403467ns10:LimitedLiabilityPartnershipsSORP2023-01-012023-12-31OC403467ns10:FullAccounts2023-01-012023-12-31OC403467ns10:PartnerLLP22023-01-012023-12-31OC403467ns10:PartnerLLP32023-01-012023-12-31OC403467ns10:PartnerLLP42023-01-012023-12-31OC403467ns10:PartnerLLP52023-01-012023-12-31OC403467ns10:PartnerLLP62023-01-012023-12-31OC403467ns10:PartnerLLP72023-01-012023-12-31OC403467ns10:PartnerLLP82023-01-012023-12-31OC403467ns10:PartnerLLP92023-01-012023-12-31OC403467ns10:RegisteredOffice2023-01-012023-12-31OC403467ns5:CurrentFinancialInstruments2023-12-31OC403467ns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: OC403467 (England and Wales)















MODALITY ACO LLP

Unaudited Financial Statements for the Year Ended 31 December 2023






MODALITY ACO LLP (REGISTERED NUMBER: OC403467)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MODALITY ACO LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Dr K M Bailey
Dr S P Butler
Dr S J Dawe
Dr B D Empson
Dr M Gupta
Dr W Murdoch
Dr N K Rati
Mr V Y H Sai
Dr R S Sugavanam





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
WV1 4SB





REGISTERED NUMBER: OC403467 (England and Wales)






MODALITY ACO LLP (REGISTERED NUMBER: OC403467)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Cash at bank 3 3

CREDITORS
Amounts falling due within one year 4 3 3
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

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 December 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 September 2024 and were signed by:





Dr N K Rati - Designated member

MODALITY ACO LLP (REGISTERED NUMBER: OC403467)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Modality ACO LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 3 3