Limited Liability Partnership Registration No. OC331525 (England and Wales)
CURCHOD & CO LLP
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
CURCHOD & CO LLP
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 6
CURCHOD & CO LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CURCHOD & CO LLP FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Curchod & Co LLP for the year ended 31 March 2024 which comprise, the Balance Sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

 

This report is made solely to the limited liability partnership's members of Curchod & Co LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Curchod & Co LLP and state those matters that we have agreed to state to the limited liability partnership's members of Curchod & Co LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Curchod & Co LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Curchod & Co LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Curchod & Co LLP. You consider that Curchod & Co LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Curchod & Co LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
Date:
09 September 2024
CURCHOD & CO LLP
Limited Liability Partnership Registration No. OC331525
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,018
4,709
Tangible assets
4
17,351
13,428
Investments
5
716,674
716,674
736,043
734,811
Current assets
Debtors
6
427,096
459,221
Cash at bank and in hand
670,401
391,634
1,097,497
850,855
Creditors: amounts falling due within one year
7
(283,013)
(130,006)
Net current assets
814,484
720,849
Total assets less current liabilities and net assets attributable to members
1,550,527
1,455,660
Represented by:
Members' other interests
8
Other reserves classified as equity
1,550,527
1,455,660
1,550,527
1,455,660

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 9 September 2024 and are signed on their behalf by:
09 September 2024
Breven Property Consultants Limited
Designated member
CURCHOD & CO LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Limited liability partnership information

Curchod & Co LLP is a limited liability partnership incorporated in England and Wales. The registered office is Portmore House, 54 Church Street, Weybridge, Surrey, KT13 8DP.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable in respect of surveying and property management services supplied during the period, net of VAT and trade discounts. Income relating to the period and invoiced after date is included on the balance sheet in debtors. Income invoiced in the period that relates to future accounting periods is included on the balance sheet in creditors.

1.3
Members' participating interests

Members' participation 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).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website Costs
3 years straight line
CURCHOD & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the limited liability partnership. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The limited liability partnership operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

CURCHOD & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
31
26
3
Intangible fixed assets
Other
£
Cost
At 1 April 2023 and 31 March 2024
8,073
Amortisation and impairment
At 1 April 2023
3,364
Amortisation charged for the year
2,691
At 31 March 2024
6,055
Carrying amount
At 31 March 2024
2,018
At 31 March 2023
4,709
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
76,276
Additions
10,273
At 31 March 2024
86,549
Depreciation and impairment
At 1 April 2023
62,848
Depreciation charged in the year
6,350
At 31 March 2024
69,198
Carrying amount
At 31 March 2024
17,351
At 31 March 2023
13,428
CURCHOD & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
716,674
716,674
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
293,071
314,842
Amounts owed by group undertakings
40,617
13,749
Other debtors
93,408
130,630
427,096
459,221
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
60,713
22,363
Taxation and social security
133,924
95,846
Other creditors
88,376
11,797
283,013
130,006
8
Reconciliation of Members' Interests
EQUITY
TOTAL
Members' other interests
MEMBERS'
INTERESTS
Other reserves
Total
2024
£
£
Members' interests at 1 April 2023
1,455,660
1,455,660
Profit for the financial year available for discretionary division among members
918,064
918,064
Members' interests after profit for the year
2,373,724
2,373,724
Allocation of profit for the financial year
(823,197)
(823,197)
Members' interests at 31 March 2024
1,550,527
1,550,527
2024-03-312023-04-01false09 September 2024CCH SoftwareCCH Accounts Production 2024.100falsefalseOC3315252023-04-012024-03-31OC3315252024-03-31OC331525bus:PartnerLLP22023-04-012024-03-31OC3315252022-01-012023-03-31OC331525bus:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC331525bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC331525bus:FRS1022023-04-012024-03-31OC331525bus:AuditExemptWithAccountantsReport2023-04-012024-03-31OC331525bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:shares