Clintons LLP OC431650 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of property and related support services and acting as a partner of a law firm. Digita Accounts Production Advanced 6.30.9574.0 OC431650 2023-07-01 2024-06-30 OC431650 2024-06-30 OC431650 core:CurrentFinancialInstruments 2024-06-30 OC431650 core:FurnitureFittings 2024-06-30 OC431650 core:LandBuildings core:LongLeaseholdAssets 2024-06-30 OC431650 core:OfficeEquipment 2024-06-30 OC431650 bus:SmallEntities 2023-07-01 2024-06-30 OC431650 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 OC431650 bus:FullAccounts 2023-07-01 2024-06-30 OC431650 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 OC431650 bus:PartnerLLP1 2023-07-01 2024-06-30 OC431650 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC431650 core:FurnitureFittings 2023-07-01 2024-06-30 OC431650 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30 OC431650 core:LeaseholdImprovements 2023-07-01 2024-06-30 OC431650 core:OfficeEquipment 2023-07-01 2024-06-30 OC431650 core:OtherRelatedParties 2023-07-01 2024-06-30 OC431650 countries:AllCountries 2023-07-01 2024-06-30 OC431650 2023-06-30 OC431650 core:FurnitureFittings 2023-06-30 OC431650 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 OC431650 core:OfficeEquipment 2023-06-30 OC431650 2022-06-01 2023-06-30 OC431650 2023-06-30 OC431650 core:CurrentFinancialInstruments 2023-06-30 OC431650 core:FurnitureFittings 2023-06-30 OC431650 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 OC431650 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Clintons LLP

Annual Report and Unaudited Financial Statements
Year Ended 30 June 2024

Registration number: OC431650

 

Clintons LLP

Contents

Financial Statements

1 to 6

Balance Sheet

1

Notes to the Financial Statements

3

 

Clintons LLP

Balance Sheet

30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,312,405

1,542,348

Investments

5

1,000

1,000

 

1,313,405

1,543,348

Current assets

 

Debtors

6

24,000

72

Cash and short-term deposits

 

926

877

 

24,926

949

Creditors: Amounts falling due within one year

7

(1,337,331)

(1,543,297)

Net current liabilities

 

(1,312,405)

(1,542,348)

Net assets attributable to members

 

1,000

1,000

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

1,000

1,000

   

1,000

1,000

Total members' interests

 

Loans and other debts due to members

 

1,000

1,000

   

1,000

1,000

For the year ending 30 June 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006 as applied to small limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Clintons LLP

Balance Sheet

30 June 2024

The financial statements of Clintons LLP (registered number OC431650) were approved by the members and authorised for issue on 9 October 2024. They were signed on behalf of the limited liability partnership by:

.........................................
J R R Nethercot
Designated member

 

Clintons LLP

Notes to the Financial Statements

Year Ended 30 June 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Clintons LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

The LLP was dormant and has not traded during the period.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% Straight line

Furniture and fittings

33% Reducing balance

Office equipment

33% Reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

Clintons LLP

Notes to the Financial Statements

Year Ended 30 June 2024

2

Profit for the year before members' remuneration and profit shares

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation

229,943

122,307

3

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2023 - 0).

4

Tangible fixed assets

Long leasehold land and buildings
£

Fixtures and fittings
 £

Office equipment
 £

Total
£

Cost

At 1 July 2023

1,253,834

159,605

251,216

1,664,655

At 30 June 2024

1,253,834

159,605

251,216

1,664,655

Depreciation

At 1 July 2023

58,743

23,966

39,598

122,307

Charge for the year

115,581

44,528

69,834

229,943

At 30 June 2024

174,324

68,494

109,432

352,250

Net book value

At 30 June 2024

1,079,510

91,111

141,784

1,312,405

At 30 June 2023

1,195,091

135,639

211,618

1,542,348

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £1,079,510 (2023 - £1,195,091) in respect of leaseholds.
 

 

Clintons LLP

Notes to the Financial Statements

Year Ended 30 June 2024

5

Investments held as fixed assets

2024
£

2023
£

Other investments

1,000

1,000

Other investments

Unlisted investments
£

Total
£

Cost

Additions

1,000

1,000

At 30 June 2024

1,000

1,000

Net book value

At 30 June 2024

1,000

1,000

6

Debtors

2024
£

2023
£

Trade debtors

24,000

-

Other debtors

-

72

Total current trade and other debtors

24,000

72

7

Creditors: Amounts falling due within one year

30 June 2024
 £

30 June 2023
 £

Other creditors

650,733

876,077

Accruals and deferred income

686,598

667,220

1,337,331

1,543,297

Capital loans and other debts due to members rank pari passu with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.

 

Clintons LLP

Notes to the Financial Statements

Year Ended 30 June 2024

8

Related party transactions

Summary of transactions with other related parties

Clintons Partnership
Clintons LLP is a partner of the partnership, Clintons.

 During the period, Clintons LLP recharged Clintons £1,122,131 in relation to services and facilities provided including rent, rates and insurance.