Registered No. OC396007 (England and Wales)
Abbotstone Financial Solutions LLP
Unaudited accounts
for the period from 1 November 2022 to 31 March 2024
Abbotstone Financial Solutions LLP
Accountants' report
Accountants' report to the members of Abbotstone Financial Solutions LLP on the preparation of the unaudited statutory financial statements for the period from 1 November 2022 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Abbotstone Financial Solutions LLP for the period from
1 November 2022 to
31 March 2024 as set out on pages
3 -
5 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of Abbotstone Financial Solutions LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abbotstone Financial Solutions LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbotstone Financial Solutions LLP and its members as a body for our work or for this report.
It is your duty to ensure that Abbotstone Financial Solutions 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 loss of Abbotstone Financial Solutions LLP. You consider that Abbotstone Financial Solutions LLP is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Abbotstone Financial Solutions 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.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
27 July 2024
Abbotstone Financial Solutions LLP
Statement of financial position
as at 31 March 2024
Tangible assets
1,567
2,090
Cash at bank and in hand
11,186
18,077
Creditors: amounts falling due within one year
(4,666)
(2,277)
Net current assets
6,520
15,800
Total assets less current liabilities
8,087
17,890
Creditors: amounts falling due after more than one year
-
(5,256)
Net assets attributable to members
8,087
12,634
Loans and other debts due to members
(86,197)
(82,173)
Other reserves
94,284
94,807
Loans and other debts due to members
(86,197)
(82,173)
Members' other interests
94,284
94,807
For the period 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 29 November 2024.
R J Brealey
Designated member
Limited Liability Partnership Registration No. OC396007
Abbotstone Financial Solutions LLP
Notes to the Accounts
for the period from 1 November 2022 to 31 March 2024
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.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Abbotstone Financial Solutions LLP is a limited liability partnership, incorporated in England and Wales, registration number OC396007. Its registered office is 48 Wickham Road, Fareham, Hampshire, PO16 7JE.
3
Tangible fixed assets
Computer equipment
Abbotstone Financial Solutions LLP
Notes to the Accounts
for the period from 1 November 2022 to 31 March 2024
4
Creditors: amounts falling due within one year
2024
2022
Bank loans and overdrafts
4,666
2,244
5
Creditors: amounts falling due after more than one year
2024
2022
6
Loans and other debts due to members
2024
2022
Amounts due to members in respect of profits
(86,197)
(82,173)
Amounts falling due within one year
(86,197)
(82,173)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).