Limited Liability Partnership registration number OC369221 (England and Wales)
RUPERT ELLIOTT CONSULTING LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
RUPERT ELLIOTT CONSULTING LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 6
RUPERT ELLIOTT CONSULTING LLP (REGISTERED NUMBER: OC369221)
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,171
2,713
Current assets
Stocks
3,293
715
Debtors
4
19,743
15,975
Cash at bank and in hand
8,050
2,332
31,086
19,022
Creditors: amounts falling due within one year
5
(9,682)
(6,838)
Net current assets
21,404
12,184
Total assets less current liabilities and net assets attributable to members
23,575
14,897
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
23,575
14,897

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 5 April 2024 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 15 July 2024 and are signed on their behalf by:
2024-09-12
Mr Ben Collins
Designated member
RUPERT ELLIOTT CONSULTING LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Other amounts
Total
Total
2024
£
£
£
£
Members' interests at 6 April 2023
-
14,897
14,897
14,897
Profit for the financial year available for discretionary division among members
89,152
-
-
89,152
Members' interests after profit for the year
89,152
14,897
14,897
104,049
Allocation of profit for the financial year
-
89,152
89,152
89,152
Other divisions of profits
(89,152)
-
-
(89,152)
Drawings on account and distributions of profit
-
(80,474)
(80,474)
(80,474)
Members' interests at 5 April 2024
-
23,575
23,575
23,575
RUPERT ELLIOTT CONSULTING LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 3 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Other amounts
Total
Total
2023
£
£
£
£
Members' interests at 6 April 2022
-
23,209
23,209
23,209
Profit for the financial year available for discretionary division among members
63,018
-
-
63,018
Members' interests after profit for the year
63,018
23,209
23,209
86,227
Allocation of profit for the financial year
-
63,018
63,018
63,018
Other divisions of profits
(63,018)
-
-
(63,018)
Drawings on account and distributions of profit
-
(71,330)
(71,330)
(71,330)
Members' interests at 5 April 2023
-
14,897
14,897
14,897
RUPERT ELLIOTT CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 4 -
1
Accounting policies
Limited liability partnership information

Rupert Elliott Consulting LLP is a limited liability partnership incorporated in England and Wales. The registered office is Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 105'), Companies Act 2006 as applied by LLPs and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships, issued in July 2014. The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably

 

 

 

- It is probable that the company will receive the consideration due under the contract

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

RUPERT ELLIOTT CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 5 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 6 April 2023 and 5 April 2024
13,278
Depreciation and impairment
At 6 April 2023
10,565
Depreciation charged in the year
542
At 5 April 2024
11,107
Carrying amount
At 5 April 2024
2,171
At 5 April 2023
2,713
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,838
15,764
Other debtors
1,905
211
19,743
15,975
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
8,027
4,965
Other creditors
1,655
1,873
9,682
6,838
RUPERT ELLIOTT CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 6 -
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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