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REGISTERED NUMBER: OC303140 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: Mr A Boroughs
Jane Chesters Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: OC303140 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31st March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of management consultancy.

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

Mr A Boroughs
Jane Chesters Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £124,436 (2023 - £356,027 profit).

MEMBERS' INTERESTS
The profits of the LLP are allocated to members in accordance with the Members' Agreement. Members are entitled to take drawings in anticipation of profits based on amounts agreed from time to time and as profits and working capital requirements allow.

The subscription to and repayment of members' capital is determined by the members and depends on the needs of the LLP. In accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", members capital is included within "loans and other debts due to members" and is determined by the working capital requirements of the LLP.

ON BEHALF OF THE MEMBERS:





Mrs J L Chesters - Designated member


19th August 2024

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024

31.3.24 31.3.23
Notes £ £

TURNOVER 453,711 744,663

Cost of sales 288,329 349,805
GROSS PROFIT 165,382 394,858

Administrative expenses 40,946 38,831
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




124,436




356,027

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 - 730

CURRENT ASSETS
Debtors 6 32,109 40,200
Cash at bank 19,116 186,557
51,225 226,757
CREDITORS
Amounts falling due within one year 7 21,225 60,077
NET CURRENT ASSETS 30,000 166,680
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

30,000

167,410

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

30,000

167,410

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 30,000 167,410
Amounts due from members 6 (19,643 ) -
10,357 167,410

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.

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 19th August 2024 and were signed by:



Mrs J L Chesters - Designated member



Mr A Boroughs - Designated member


ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)

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

1. STATUTORY INFORMATION

Orion Partners (Professional Advisors) 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 represents net invoiced sales of services rendered, excluding value added tax.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£ £
Depreciation - owned assets 730 770

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st April 2023
and 31st March 2024 10,161
DEPRECIATION
At 1st April 2023 9,431
Charge for year 730
At 31st March 2024 10,161
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 8,314 40,200
Amounts due from members 19,643 -
VAT 4,152 -
32,109 40,200

ORION PARTNERS (PROFESSIONAL ADVISORS)
LLP (REGISTERED NUMBER: OC303140)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 19,725 50,040
VAT - 8,037
Accrued expenses 1,500 2,000
21,225 60,077

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£ £
Amounts owed to members in respect of profits - 137,410
Capital account 30,000 30,000
30,000 167,410

Falling due within one year - 137,410
Falling due after more than one year 30,000 30,000
30,000 167,410

In the event of a winding up, the loans and other debts due to members have no preferential rights over other creditors. The members' capital are amounts due after more than one year and other amounts are generally due within one year.