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REGISTERED NUMBER: OC396068 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CORNERSTONE COUNSELLING (SOUTH WEST) LLP

CORNERSTONE COUNSELLING (SOUTH WEST) LLP (REGISTERED NUMBER: OC396068)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CORNERSTONE COUNSELLING (SOUTH WEST) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: C T Wallwork
Mrs H L Wallwork





REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH





REGISTERED NUMBER: OC396068 (England and Wales)





ACCOUNTANTS: Aspen Waite
Chartered Certified Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

CORNERSTONE COUNSELLING (SOUTH WEST) LLP (REGISTERED NUMBER: OC396068)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 967 1,290

CURRENT ASSETS
Debtors 5 132 386
Cash at bank 3,895 2,815
4,027 3,201
CREDITORS
Amounts falling due within one year 6 (601 ) (1,529 )
NET CURRENT ASSETS 3,426 1,672
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,393

2,962

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

4,393

2,962

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 4,393 2,962

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 31st March 2024.

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.

CORNERSTONE COUNSELLING (SOUTH WEST) LLP (REGISTERED NUMBER: OC396068)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024


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 19th September 2024 and were signed by:




C T Wallwork - Designated member




Mrs H L Wallwork - Designated member


CORNERSTONE COUNSELLING (SOUTH WEST) LLP (REGISTERED NUMBER: OC396068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Cornerstone Counselling (South West) 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost
Furniture and fittings - 15% on cost
Computer equipment - 25% on cost

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Furniture
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 1,315 2,234 1,290 4,839
DEPRECIATION
At 1st April 2023 1,315 2,234 - 3,549
Charge for year - - 323 323
At 31st March 2024 1,315 2,234 323 3,872
NET BOOK VALUE
At 31st March 2024 - - 967 967
At 31st March 2023 - - 1,290 1,290

CORNERSTONE COUNSELLING (SOUTH WEST) LLP (REGISTERED NUMBER: OC396068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Prepayments 132 386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts - 771
Accrued expenses 601 758
601 1,529

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/24 31/3/23
£    £   
Loans from members 150 150
Amounts owed to members in respect of profits 4,243 2,812
4,393 2,962

Falling due within one year 4,393 2,962

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