1 November 2022 false No description of principal activity Taxfiler 2024.6 OC396007business:LimitedLiabilityPartnershipLLP2022-11-012024-03-31 OC3960072022-10-31 OC3960072022-11-012024-03-31 OC396007business:AuditExemptWithAccountantsReport2022-11-012024-03-31 OC396007business:FullAccounts2022-11-012024-03-31 OC3960072024-03-31 OC3960072022-10-31 OC396007core:WithinOneYear2024-03-31 OC396007core:WithinOneYear2022-10-31 OC396007core:AfterOneYear2024-03-31 OC396007core:AfterOneYear2022-10-31 OC396007core:RetainedEarningsAccumulatedLosses2024-03-31 OC396007core:RetainedEarningsAccumulatedLosses2022-10-31 OC396007business:SmallEntities2022-11-012024-03-31 OC396007business:PartnerLLP22022-11-012024-03-31 OC396007core:ComputerEquipment2022-11-012024-03-31 OC396007countries:EnglandWales2022-11-012024-03-31 OC396007business:RegisteredOffice2022-11-012024-03-31 OC396007core:ComputerEquipment2022-10-31 OC396007core:ComputerEquipment2024-03-31 OC3960072021-11-012022-10-31 iso4217:GBP xbrli:pure
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
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Abbotstone Financial Solutions LLP Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,567 
2,090 
Current assets
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 
Represented by:
Loans and other debts due to members
(86,197)
(82,173)
Members' other interests
Other reserves
94,284 
94,807 
8,087 
12,634 
Total members' interests
Loans and other debts due to members
(86,197)
(82,173)
Members' other interests
94,284 
94,807 
8,087 
12,634 
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
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Abbotstone Financial Solutions LLP Notes to the Accounts for the period from 1 November 2022 to 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 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
Members' remuneration
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'.
2
Statutory information
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 
£ 
Cost or valuation
At cost 
At 1 November 2022
5,239 
At 31 March 2024
5,239 
Depreciation
At 1 November 2022
3,149 
Charge for the period
523 
At 31 March 2024
3,672 
Net book value
At 31 March 2024
1,567 
At 31 October 2022
2,090 
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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 
Other creditors
- 
33 
4,666 
2,277 
5
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Bank loans
- 
5,256 
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).
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