REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
FOR |
CAMBRIDGE PIANOFORTE LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
FOR |
CAMBRIDGE PIANOFORTE LLP |
CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CAMBRIDGE PIANOFORTE LLP |
GENERAL INFORMATION |
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115c Milton Road |
Cambridge |
CB4 1XE |
CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
151,195 |
185,705 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
151,195 |
185,705 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 151,195 | 185,705 |
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. |
CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063) |
BALANCE SHEET - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Cambridge Pianoforte 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 |
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 |
Freehold Improvements | - |
Pianos on Hire | - |
Motor vehicles | - |
Office Equipment | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Pianos on | Motor | Office |
Improvements | Hire | vehicles | Equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 June 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 24,039 | 8,922 |
Accruals and deferred income |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 151,195 | 185,705 |
Falling due within one year | 151,195 | 185,705 |
Loans and debts due to other members are ranked equally with other unsecured creditors of the partnership. |