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REGISTERED NUMBER: OC356690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INDEPENDENT SEARCH PARTNERSHIP LLP

INDEPENDENT SEARCH PARTNERSHIP LLP (REGISTERED NUMBER: OC356690)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEPENDENT SEARCH PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mr S M Bailey
Mrs L M V Beresford
Mr G W Beresford
Mrs V K Griffiths
Mr A N Holmes
Mr D J Walsh





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: OC356690 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

INDEPENDENT SEARCH PARTNERSHIP LLP (REGISTERED NUMBER: OC356690)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 4 153,925 289,225
Cash at bank 184,463 113,416
338,388 402,641
CREDITORS
Amounts falling due within one year 5 62,579 85,963
NET CURRENT ASSETS 275,809 316,678
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 275,809 316,678

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

275,809

316,678

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 275,809 316,678
Amounts due from members 4 (133,307 ) (77,624 )
142,502 239,054

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.

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 17 July 2024 and were signed by:



Mr G W Beresford - Designated member

INDEPENDENT SEARCH PARTNERSHIP LLP (REGISTERED NUMBER: OC356690)

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


1. STATUTORY INFORMATION

Independent Search Partnership 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, excluding discounts, and is shown net of VAT and other sales related taxes.

Financial instruments
Financial instruments are classified by the members as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 14,400 206,282
Other debtors 139,525 82,943
153,925 289,225

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 963 -
Taxation and social security 58,306 66,282
Other creditors 3,310 19,681
62,579 85,963

INDEPENDENT SEARCH PARTNERSHIP LLP (REGISTERED NUMBER: OC356690)

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


6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£ £
Amounts owed to members in respect of profits 275,809 316,678

Falling due within one year 275,809 316,678

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.