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REGISTERED NUMBER: OC321555 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHALKDELL LLP

CHALKDELL LLP (REGISTERED NUMBER: OC321555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


CHALKDELL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: James Patrick Rosling
Chrysoulla Rosling





REGISTERED OFFICE: 15a Barnard Road
London
SW11 1QT





REGISTERED NUMBER: OC321555 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 DECEMBER 2023

The members present their report with the financial statements of the LLP for the year ended 31 December 2023.

DESIGNATED MEMBERS
The designated members during the year under review were:

James Patrick Rosling
Chrysoulla Rosling

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £4,691 (2022 - £12,576 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





James Patrick Rosling - Designated member


19 September 2024

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHALKDELL LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Chalkdell LLP for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Chalkdell LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chalkdell LLP and state those matters that we have agreed to state to the members of Chalkdell LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chalkdell LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Chalkdell LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chalkdell LLP. You consider that Chalkdell LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chalkdell LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU


19 September 2024

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 89,756 84,750

Cost of sales (16,270 ) (13,598 )
GROSS PROFIT 73,486 71,152

Administrative expenses (68,876 ) (58,580 )
OPERATING PROFIT 4 4,610 12,572

Interest receivable and similar income 81 4
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


4,691


12,576

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


4,691


12,576

Members' remuneration charged as an
expense

5

(4,691

)

(12,576

)
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 6 43,492 3,704

CURRENT ASSETS
Debtors 7 2,211 8,275
Cash at bank 6,508 5,113
8,719 13,388
CREDITORS
Amounts falling due within one year 8 (35,672 ) (7,722 )
NET CURRENT (LIABILITIES)/ASSETS (26,953 ) 5,666
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,539

9,370

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

16,539

9,370

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 16,539 9,370

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

The financial statements were approved by the members of the LLP and authorised for issue on 19 September 2024 and were signed by:





James Patrick Rosling - Designated member

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

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


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 9,370
Amount due from members -
Balance at 1 January 2023 - 9,370 9,370
Members' remuneration charged as
an expense, including employment
and retirement benefit costs


-


4,691


4,691


Profit for the financial year
available for discretionary division
among members


-


-


-


Members' interests after profit for
the year

-

14,061

14,061

Introduced by members - 13,308 13,308
Drawings on account and
distributions of profit

-

(10,830

)

(10,830

)

Amount due to members 16,539
Amount due from members -
Balance at 31 December 2023 - 16,539 16,539

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

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

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 14,655
Amount due from members -
Balance at 1 January 2022 - 14,655 14,655
Members' remuneration charged as
an expense, including employment
and retirement benefit costs


-


12,576


12,576


Profit for the financial year
available for discretionary division
among members


-


-


-


Members' interests after profit for
the year

-

27,231

27,231

Drawings on account and
distributions of profit

-

(17,861

)

(17,861

)

Amount due to members 9,370
Amount due from members -
Balance at 31 December 2022 - 9,370 9,370

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

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

1. STATUTORY INFORMATION

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

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 the total amount receivable by the partnership for services rendered and disbursements charged to clients during the year, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 25% on cost
Motor vehicles - 25% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Leased assets
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful economic lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the year of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Members' interests
Members' capital is repayable within one year and is therefore classified as a liability.

Taxation
The taxation payable on partnership profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of the members. Consequently, neither partnership taxation nor related deferred taxation are accounted for in the financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members or set against amounts due from members as appropriate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 12,098 1,896

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

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

5. INFORMATION IN RELATION TO MEMBERS
2023 2022
£    £   
Members' remuneration charged as an expense
Automatic division of profit 4,691 12,576

6. TANGIBLE FIXED ASSETS
Fixtures Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 14,065 38,500 52,565
Additions 13,887 40,500 54,387
Disposals (7,117 ) (38,500 ) (45,617 )
At 31 December 2023 20,835 40,500 61,335
DEPRECIATION
At 1 January 2023 12,862 35,999 48,861
Charge for year 1,973 10,125 12,098
Eliminated on disposal (7,117 ) (35,999 ) (43,116 )
At 31 December 2023 7,718 10,125 17,843
NET BOOK VALUE
At 31 December 2023 13,117 30,375 43,492
At 31 December 2022 1,203 2,501 3,704

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 479 -
Amounts due from associated undertaking - 7,740
VAT 1,732 518
Prepayments and accrued income - 17
2,211 8,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 69
Amounts owed to associates 18,763 -
Social security and other taxes 1,529 -
Other creditors 14,180 6,453
Accrued expenses 1,200 1,200
35,672 7,722

CHALKDELL LLP (REGISTERED NUMBER: OC321555)

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

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 16,539 9,370

Falling due within one year 16,539 9,370

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.