REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
STINSON & ASSOCIATES LLP |
TRADING AS |
ELLIS & CO |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
STINSON & ASSOCIATES LLP |
TRADING AS |
ELLIS & CO |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Contents of the Financial Statements |
for the year ended 31 MARCH 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
STINSON & ASSOCIATES LLP |
TRADING AS ELLIS & CO |
General Information |
for the year ended 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Statement of Financial Position |
31 MARCH 2024 |
31/3/24 | 31/3/23 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
86,931 |
121,069 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
86,931 |
121,069 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 86,931 | 121,069 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Statement of Financial Position - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Notes to the Financial Statements |
for the year ended 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Stinson & Associates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business. |
Revenue represents amounts received from sale of properties net of VAT, letting commission net of VAT and rents receivable. |
Goodwill |
Goodwill, being the amount paid in connection with the previous acquisition of 50% of the business. This was amortised evenly over its estimated useful life of ten years. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Motor vehicles - 20% on reducing balance |
Furniture and fixtures - 25% on reducing balance |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Notes to the Financial Statements - continued |
for the year ended 31 MARCH 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
AMORTISATION |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Trade debtors |
VAT |
STINSON & ASSOCIATES LLP (REGISTERED NUMBER: OC421483) |
TRADING AS ELLIS & CO |
Notes to the Financial Statements - continued |
for the year ended 31 MARCH 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Rent deposit | 3,800 | 3,800 |
PAYE | ( |
) |
Pension | 138 | 233 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Hire purchase contracts |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31/3/24 | 31/3/23 |
£ | £ |
Amounts owed to members in respect of profits | 86,931 | 121,069 |
Falling due within one year | 86,931 | 121,069 |