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REGISTERED NUMBER: OC313016 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

QUANTEM LLP

QUANTEM LLP (REGISTERED NUMBER: OC313016)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTEM LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: J Barbour
K D O'Connor





REGISTERED OFFICE: The Lodge
Spring Hill
London
E5 9BL





REGISTERED NUMBER: OC313016 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

QUANTEM LLP (REGISTERED NUMBER: OC313016)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,376 28,317

CURRENT ASSETS
Debtors 5 9,418 19,020
Cash at bank 12,863 6,519
22,281 25,539
CREDITORS
Amounts falling due within one year 6 1,782 25,250
NET CURRENT ASSETS 20,499 289
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 39,875 28,606

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

39,873

28,604

MEMBERS' OTHER INTERESTS
Capital accounts 2 2
39,875 28,606

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 39,873 28,604
Members' other interests 2 2
39,875 28,606

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 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.

QUANTEM LLP (REGISTERED NUMBER: OC313016)

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 October 2024 and were signed by:





K D O'Connor - Designated member

QUANTEM LLP (REGISTERED NUMBER: OC313016)

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


1. STATUTORY INFORMATION

Quantem 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 amounts chargeable, net of Value Added Tax, in respect of services provided to customers.

Revenue is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 20% on cost

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 61,837
DEPRECIATION
At 1 April 2023 33,520
Charge for year 8,941
At 31 March 2024 42,461
NET BOOK VALUE
At 31 March 2024 19,376
At 31 March 2023 28,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,418 13,109
Other debtors - 5,700
VAT - 211
9,418 19,020

QUANTEM LLP (REGISTERED NUMBER: OC313016)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 82 24,000
VAT 450 -
Accrued expenses 1,250 1,250
1,782 25,250

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 39,873 28,604

Falling due within one year 39,873 28,604

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.