Silverfin false 30/04/2024 01/05/2023 30/04/2024 D Lemos 20/07/2015 R Marcelin-Horne 20/07/2015 09 October 2024 OC400883 2024-04-30 OC400883 bus:Director1 2024-04-30 OC400883 bus:Director2 2024-04-30 OC400883 core:CurrentFinancialInstruments 2024-04-30 OC400883 core:CurrentFinancialInstruments 2023-04-30 OC400883 2023-04-30 OC400883 core:Non-currentFinancialInstruments 2024-04-30 OC400883 core:Non-currentFinancialInstruments 2023-04-30 OC400883 2023-05-01 2024-04-30 OC400883 bus:FullAccounts 2023-05-01 2024-04-30 OC400883 bus:SmallEntities 2023-05-01 2024-04-30 OC400883 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 OC400883 bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC400883 bus:Director1 2023-05-01 2024-04-30 OC400883 bus:Director2 2023-05-01 2024-04-30 OC400883 2022-05-01 2023-04-30 OC400883 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: OC400883 (England and Wales)

COUTTS & PARTNERS LLP

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

COUTTS & PARTNERS LLP

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

COUTTS & PARTNERS LLP

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
COUTTS & PARTNERS LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 3 53,432 53,472
Cash at bank and in hand 4,234 1,318
57,666 54,790
Creditors: amounts falling due within one year 4 ( 42,474) ( 24,867)
Net current assets 15,192 29,923
Total assets less current liabilities 15,192 29,923
Creditors: amounts falling due after more than one year 5 ( 19,908) ( 29,923)
Net liabilities attributable to members ( 4,716) 0
Represented by
Members' other interests
Other reserves (4,716) 0
(4,716) 0
(4,716) 0
Total members' interests
Amounts due from members (included in debtors) (37,679) (37,719)
Members' other interests (4,716) 0
(42,395) (37,719)

For the financial year ending 30 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Coutts & Partners LLP (registered number: OC400883) were approved and authorised for issue by the Board of Directors on 09 October 2024. They were signed on its behalf by:

R Marcelin-Horne
Designated member
COUTTS & PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
COUTTS & PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Coutts & Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 36 Maltby Street, London, SW19 1NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 12,753 12,753
Amounts owed by associates 3,000 3,000
Amounts owed by members 37,679 37,719
53,432 53,472

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,014 9,767
Amounts owed to Group undertakings 26,100 12,500
Accruals 6,360 2,600
42,474 24,867

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 19,908 29,923

There are no amounts included above in respect of which any security has been given by the small entity.