Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false22truetrueThe principal activity of the company is that of providing management consultancy.2023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC337769 2023-01-01 2023-12-31 OC337769 2022-01-01 2022-12-31 OC337769 2023-12-31 OC337769 2022-12-31 OC337769 c:OfficeEquipment 2023-01-01 2023-12-31 OC337769 c:OfficeEquipment 2023-12-31 OC337769 c:OfficeEquipment 2022-12-31 OC337769 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC337769 c:CurrentFinancialInstruments 2023-12-31 OC337769 c:CurrentFinancialInstruments 2022-12-31 OC337769 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC337769 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC337769 d:FRS102 2023-01-01 2023-12-31 OC337769 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC337769 d:FullAccounts 2023-01-01 2023-12-31 OC337769 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC337769 d:PartnerLLP1 2023-01-01 2023-12-31 OC337769 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC337769 c:FurtherSpecificReserve3ComponentTotalEquity 2022-12-31 iso4217:GBP xbrli:pure
Registered number: OC337769














F & C CONSULTING LLP

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
REGISTERED NUMBER:OC337769

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
590
786

  
590
786

Current assets
  

Debtors: amounts falling due within one year
 5 
60,633
27,541

Cash at bank and in hand
 6 
25,230
19,086

  
85,863
46,627

Creditors: amounts falling due within one year
 7 
(5,376)
(21,621)

Net current assets
  
 
 
80,487
 
 
25,006

Total assets less current liabilities
  
81,077
25,792

  

Net assets
  
81,077
25,792


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
81,077
25,792

  
81,077
25,792

  

  
81,077
25,792


Total members' interests
  

Loans and other debts due to members
 8 
81,077
25,792

  
81,077
25,792


1

 
REGISTERED NUMBER:OC337769
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




F G Mc Gough
Designated member

Date: 12 September 2024

The notes on pages 4 to 7 form part of these financial statements.

F & C Consulting LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

2

 
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2023






EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£

Profit for the year available for discretionary division among members
 
49,967
49,967
-
-
49,967

Members' interests after profit for the year
49,967
49,967
(2,202)
(2,202)
47,765

Other division of profits
(49,967)
(49,967)
49,967
49,967
-

Amounts introduced by members
 
-
-
1,000
1,000
1,000

Drawings on account and distribution of profit
-
-
(22,973)
(22,973)
(22,973)

Amounts due to members
 


25,792
25,792


Balance at 31 December 2022
-
-
25,792
25,792
25,792

Profit for the year available for discretionary division among members
 
90,471
90,471
-
-
90,471

Members' interests after profit for the year
90,471
90,471
25,792
25,792
116,263

Other division of profits
(90,471)
(90,471)
90,471
90,471
-

Drawings
 
-
-
(35,186)
(35,186)
(35,186)

Amounts due to members
 


81,077
81,077


Balance at 31 December 2023 
-
-
81,077
81,077
81,077

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

3

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

F & C Consulting LLP is a limited liability partnership registered in England and Wales, registration number OC337769. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London W1W 8BE.

The principal activity of the company is that of providing management consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including designated members, during the year was 2 (2022 - 2).

5

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 January 2023
898



At 31 December 2023

898



Depreciation


At 1 January 2023
112


Charge for the year
196



At 31 December 2023

308



Net book value



At 31 December 2023
590



At 31 December 2022
786


5.


Debtors

2023
2022
£
£


Trade debtors
60,633
27,541



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
25,230
19,086



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
16,581

Accruals
5,376
5,040

5,376
21,621


6

 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans and other debts due to members


2023
2022
£
£



Other amounts due to members
(81,077)
(25,792)

Loans and other debts due to members may be further analysed as follows:

2023
2022
£
£



Falling due within one year
(81,077)
(25,792)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
7