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REGISTERED NUMBER: OC421483 (England and Wales)















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: P Stinson
RA White





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: OC421483 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
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 43,322 54,445
43,322 54,445

CURRENT ASSETS
Debtors 6 10,161 23,775
Cash at bank and in hand 77,147 84,454
87,308 108,229
CREDITORS
Amounts falling due within one year 7 (37,540 ) (26,738 )
NET CURRENT ASSETS 49,768 81,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,090

135,936

CREDITORS
Amounts falling due after more than one
year

8

(6,159

)

(14,867

)
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 LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

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 have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 November 2024 and were signed by:





P Stinson - Designated member

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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 2 (2023 - 2 ) .

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 110,000
AMORTISATION
At 1 April 2023
and 31 March 2024 110,000
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 6,223 49,778 56,001
DEPRECIATION
At 1 April 2023 1,556 - 1,556
Charge for year 1,167 9,956 11,123
At 31 March 2024 2,723 9,956 12,679
NET BOOK VALUE
At 31 March 2024 3,500 39,822 43,322
At 31 March 2023 4,667 49,778 54,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 7,112 9,300
VAT 3,049 14,475
10,161 23,775

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 9,513 9,513
Trade creditors 18,143 3,594
Rent deposit 3,800 3,800
PAYE 346 (2,552 )
Pension 138 233
Accrued expenses 5,600 12,150
37,540 26,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 6,159 14,867

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