1 April 2023 false No description of principal activity Taxfiler 2024.5 OC343678business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC3436782023-03-31 OC3436782023-04-012024-03-31 OC343678business:AuditExemptWithAccountantsReport2023-04-012024-03-31 OC343678business:FullAccounts2023-04-012024-03-31 OC3436782024-03-31 OC343678business:PartnerLLP12023-04-012024-03-31 OC343678business:PartnerLLP32023-04-012024-03-31 OC343678business:PartnerLLP42023-04-012024-03-31 OC343678business:RegisteredOffice2023-04-012024-03-31 OC3436782023-03-31 OC343678core:WithinOneYear2024-03-31 OC343678core:WithinOneYear2023-03-31 OC343678business:SmallEntities2023-04-012024-03-31 OC343678core:LandBuildings2023-04-012024-03-31 OC343678core:FurnitureFittings2023-04-012024-03-31 OC343678core:ComputerEquipment2023-04-012024-03-31 OC343678countries:EnglandWales2023-04-012024-03-31 OC343678core:LandBuildings2023-03-31 OC343678core:PlantMachinery2023-03-31 OC343678core:LandBuildings2024-03-31 OC343678core:PlantMachinery2024-03-31 OC343678core:PlantMachinery2023-04-012024-03-31 OC3436782022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC343678 (England and Wales)
Gentle Mathias LLP Unaudited accounts for the year ended 31 March 2024
Gentle Mathias LLP LLP Information for the year ended 31 March 2024
Designated members
Mr Nathan Edwards
Mr Tarkan Hassan
Mr Robert Page
Registered Number
OC343678 (England and Wales)
Registered Office
59 Charlotte Street London W1T 4PE
Accountants
WCSL Chartered Accountants 5 Wieland Road Northwood Middx HA6 3RD
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Gentle Mathias LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,278 
43,672 
Current assets
Debtors
462,556 
425,696 
Cash at bank and in hand
454,902 
463,903 
917,458 
889,599 
Creditors: amounts falling due within one year
(202,994)
(191,757)
Net current assets
714,464 
697,842 
Net assets attributable to members
739,742 
741,514 
Represented by:
Loans and other debts due to members
739,742 
741,514 
739,742 
741,514 
Total members' interests
Loans and other debts due to members
739,742 
741,514 
739,742 
741,514 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 10 October 2024.
Mr Robert Page Designated member Limited Liability Partnership Registration No. OC343678
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Gentle Mathias LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for services net of VAT. Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amount chargeable to the clients. Fee income that is contingent on events outside the control of the LLP is recognised when the contingent event occurs.
Members' participating interests
Members' participating rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Fixtures & fittings
20% reducing balance
Computer equipment
25% on cost
Financial instruments
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instruments. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Leased assets
Rental payable under operating leases are charged to the profit and loss account on a straight line basis over the life of the lease.
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Gentle Mathias LLP Notes to the Accounts for the year ended 31 March 2024
Pension costs
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Client monies
The LLP holds Client monies in the client bank accounts which has not been stated in these accounts because they represents amounts not beneficially belonging to the LLP and are not included in the balance sheet.
2
Statutory information
Gentle Mathias LLP is a limited liability partnership, incorporated in England and Wales, registration number OC343678. Its registered office is 59 Charlotte Street, London, W1T 4PE.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
15,918 
139,370 
155,288 
At 31 March 2024
15,918 
139,370 
155,288 
Depreciation
At 1 April 2023
8,358 
103,258 
111,616 
Charge for the year
1,952 
16,442 
18,394 
At 31 March 2024
10,310 
119,700 
130,010 
Net book value
At 31 March 2024
5,608 
19,670 
25,278 
At 31 March 2023
7,560 
36,112 
43,672 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
49,635 
18,644 
Taxes and social security costs
55,741 
75,830 
Other creditors
52,149 
88,739 
Accruals
45,469 
8,544 
202,994 
191,757 
5
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
739,742 
741,514 
Amounts falling due within one year
739,742 
741,514 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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