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REGISTERED NUMBER: 13947129 (England and Wales)














THE CORPORATE LAW PARTNER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE CORPORATE LAW PARTNER LIMITED (REGISTERED NUMBER: 13947129)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE CORPORATE LAW PARTNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M J Crook





REGISTERED OFFICE: 5 Swinroyd Close
Birkenshaw
Bradford
BD11 2LX





REGISTERED NUMBER: 13947129 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

THE CORPORATE LAW PARTNER LIMITED (REGISTERED NUMBER: 13947129)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,388 3,464

CURRENT ASSETS
Debtors 5 38,089 45,550
Cash at bank 29,761 45,821
67,850 91,371
CREDITORS
Amounts falling due within one year 6 36,994 45,844
NET CURRENT ASSETS 30,856 45,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,244

48,991

PROVISIONS FOR LIABILITIES 1,347 866
NET ASSETS 34,897 48,125

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,797 48,025
SHAREHOLDERS' FUNDS 34,897 48,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:




M J Crook - Director


THE CORPORATE LAW PARTNER LIMITED (REGISTERED NUMBER: 13947129)

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

1. STATUTORY INFORMATION

The Corporate Law Partner Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Revenue represents the fair value of consideration receivable in respect of professional services provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date, which is non contingent, is included in 'Accrued income' at selling price, being the value of the right to consideration in respect of that work based on its stage of completion.

Work on hand at the balance sheet date, which is contingent, is not included within turnover. This includes matters where the resolution of the contingent event is in the post balance sheet period. Furthermore, the costs of work performed under contingent arrangements are expensed as incurred and are not recognised as work in progress at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


THE CORPORATE LAW PARTNER LIMITED (REGISTERED NUMBER: 13947129)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,151
Additions 3,731
At 31 March 2024 7,882
DEPRECIATION
At 1 April 2023 687
Charge for year 1,807
At 31 March 2024 2,494
NET BOOK VALUE
At 31 March 2024 5,388
At 31 March 2023 3,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,089 45,550

THE CORPORATE LAW PARTNER LIMITED (REGISTERED NUMBER: 13947129)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 26,154 35,044
Other creditors 10,840 10,800
36,994 45,844

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
M J Crook
Balance outstanding at start of year 11,670 -
Amounts advanced 24,842 11,670
Amounts repaid (11,670 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,842 11,670

Interest has been charged on overdrawn balances at the HMRC approved rate.