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REGISTERED NUMBER: OC387058 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CAROCELLE LLP

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAROCELLE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DESIGNATED MEMBERS: S J Holder
S J Clohessy





REGISTERED OFFICE: Charter House
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: OC387058 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,194 53,592

CURRENT ASSETS
Debtors 5 206,749 137,212
Cash at bank 213,598 66,640
420,347 203,852
CREDITORS
Amounts falling due within one year 6 442,145 200,339
NET CURRENT (LIABILITIES)/ASSETS (21,798 ) 3,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,396

57,105

CREDITORS
Amounts falling due after more than one
year

7

-

43,554
NET ASSETS ATTRIBUTABLE TO
MEMBERS

18,396

13,551

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

BALANCE SHEET - continued
31 JULY 2024

2024 2023
Notes £    £    £    £   

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

18,396

13,551

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 18,396 13,551

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 July 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 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:





S J Holder - Designated member

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


1. STATUTORY INFORMATION

Carocelle 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

Going concern
At 31 July 2024 the company had net current liabilities of £21,798 (2023: net current assets of £3,513) and net assets of £18,396 (2023: £13,551). The members have considered this and have prepared the financial statements on a going concern basis as the members will ensure the company continues to receive the financial support required to ensure the company remains a going concern for at least twelve months from the signing of the financial statements.

3. EMPLOYEE INFORMATION

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

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 199,774
DEPRECIATION
At 1 August 2023 146,182
Charge for year 13,398
At 31 July 2024 159,580
NET BOOK VALUE
At 31 July 2024 40,194
At 31 July 2023 53,592

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 94,774
DEPRECIATION
At 1 August 2023 52,570
Charge for year 10,551
At 31 July 2024 63,121
NET BOOK VALUE
At 31 July 2024 31,653
At 31 July 2023 42,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171,944 55,197
Other debtors 34,805 82,015
206,749 137,212

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 43,553 13,203
Trade creditors 390,539 180,084
Taxation and social security 2,253 1,552
Other creditors 5,800 5,500
442,145 200,339

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 43,554

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 43,553 13,203
Between one and five years - 43,554
43,553 56,757

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 43,553 56,757

Liabilities under hire purchase contracts are secured on the assets to which they relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors.

11. RELATED PARTY DISCLOSURES

S J Holder and S J Clohessy, members, are also directors of IRC Carocelle Limited. During the year, Carocelle LLP was charged £223,288 (2023: £139,243) for goods and services by IRC Carocelle Limited. Carocelle LLP charged £53,774 (2023: £236,974) for goods and services to IRC Carocelle Limited. At the year end, net amounts of £327,249 (2023: £99,782) were owed to IRC Carocelle Limited.