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REGISTERED NUMBER: OC361063 (England and Wales)















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: SM Howe
Mrs S J Howe
I R Kilpatrick





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: OC361063 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
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 8,055 7,141

CURRENT ASSETS
Stocks 97,523 94,619
Debtors 5 16,720 24,013
Cash at bank and in hand 79,399 113,826
193,642 232,458
CREDITORS
Amounts falling due within one year 6 50,502 53,894
NET CURRENT ASSETS 143,140 178,564
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 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 period ended 31 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.

CAMBRIDGE PIANOFORTE LLP (REGISTERED NUMBER: OC361063)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 October 2024 and were signed by:





I R Kilpatrick - Designated member

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
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.
Freehold Improvements - 25% on reducing balance
Pianos on Hire - 10% on cost
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on reducing balance

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 7 (2023 - 6 ) .

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 3,000 53,698 31,214 19,692 107,604
Additions - - 3,000 - 3,000
Disposals - - (4,600 ) - (4,600 )
At 31 March 2024 3,000 53,698 29,614 19,692 106,004
DEPRECIATION
At 1 June 2023 2,825 50,106 30,715 16,817 100,463
Charge for period 37 1,138 312 599 2,086
Eliminated on disposal - - (4,600 ) - (4,600 )
At 31 March 2024 2,862 51,244 26,427 17,416 97,949
NET BOOK VALUE
At 31 March 2024 138 2,454 3,187 2,276 8,055
At 31 May 2023 175 3,592 499 2,875 7,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,069 21,804
Prepayments 2,651 2,209
16,720 24,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,337 37,723
Social security and other taxes 5,561 3,449
VAT 24,039 8,922
Accruals and deferred income 3,565 3,800
50,502 53,894

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.