0 false false false false false false false false false false false false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC420268 2023-01-01 2024-03-31 OC420268 2024-03-31 OC420268 2022-12-31 OC420268 2022-01-01 2022-12-31 OC420268 2022-12-31 OC420268 2021-12-31 OC420268 bus:Director1 2023-01-01 2024-03-31 OC420268 bus:Director2 2023-01-01 2024-03-31 OC420268 core:WithinOneYear 2024-03-31 OC420268 core:WithinOneYear 2022-12-31 OC420268 bus:SmallEntities 2023-01-01 2024-03-31 OC420268 bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC420268 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 OC420268 bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC420268 bus:FullAccounts 2023-01-01 2024-03-31
REGISTERED NUMBER: OC420268
CLNML LLP
Filleted Unaudited Financial Statements
31 March 2024
CLNML LLP
Statement of Financial Position
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
£
£
Current assets
Debtors
4
40,642
34,859
Cash at bank and in hand
5,327
1,654
--------
--------
45,969
36,513
Creditors: amounts falling due within one year
5
9,170
10,719
--------
--------
Net current assets
36,799
25,794
--------
--------
Total assets less current liabilities
36,799
25,794
--------
--------
Net assets
36,799
25,794
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
6
36,799
25,794
--------
--------
Members' other interests
Other reserves
--------
--------
36,799
25,794
--------
--------
Total members' interests
Loans and other debts due to members
6
36,799
25,794
Members' other interests
--------
--------
36,799
25,794
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the LLP 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 LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
CLNML LLP
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the members and authorised for issue on 9 September 2024 , and are signed on their behalf by:
B Laverty
C Laverty
Designated Member
Designated Member
Registered number: OC420268
CLNML LLP
Notes to the Financial Statements
Period from 1 January 2023 to 31 March 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Oak House, 2 Gatley Road, Cheadle, Stockport, Cheshire, SK8 1PY.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
4.
Debtors
31 Mar 24
31 Dec 22
£
£
Trade debtors
18,800
26,759
Other debtors
21,842
8,100
--------
--------
40,642
34,859
--------
--------
5. Creditors: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Trade creditors
1,039
4,114
Social security and other taxes
4,711
5,725
Other creditors
3,420
880
-------
--------
9,170
10,719
-------
--------
6.
Loans and other debts due to members
31 Mar 24
31 Dec 22
£
£
Amounts owed to members in respect of profits
36,799
25,794
--------
--------