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REGISTERED NUMBER: OC411436 (England and Wales)















CLIFTON MORTGAGE CONSULTING LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024






CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


CLIFTON MORTGAGE CONSULTING LLP

GENERAL INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Miss H Clifton
A Gray





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: OC411436 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

REPORT OF THE MEMBERS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

The members present their report with the financial statements of the LLP for the period 1 May 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of mortgage consultancy services.

DESIGNATED MEMBERS
The designated members during the period under review were:

Miss H Clifton
A Gray

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £50,144 (2023 - £87,036 profit).

MEMBERS' INTERESTS
The profits are automatically allocated amongst the members in accordance with the Statement of Principals in force for the accounting period.

ON BEHALF OF THE MEMBERS:





Miss H Clifton - Designated member


13 December 2024

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

INCOME STATEMENT
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

PERIOD
1/5/23
TO YEAR ENDED
31/3/24 30/4/23
Notes £    £   

TURNOVER 63,733 98,929

Administrative expenses (13,421 ) (11,686 )
OPERATING PROFIT 4 50,312 87,243

Interest receivable and similar income - 2
50,312 87,245

Interest payable and similar expenses (168 ) (209 )
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




50,144




87,036

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,676 1,916

CURRENT ASSETS
Debtors 6 18,499 6,077
Cash at bank 1,170 1,222
19,669 7,299
CREDITORS
Amounts falling due within one year 7 (2,576 ) (2,611 )
NET CURRENT ASSETS 17,093 4,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,769

6,604

CREDITORS
Amounts falling due after more than one
year

8

(5,732

)

(6,604

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,037

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

13,037

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 13,037 -
Amounts due from members 6 (16,248 ) (5,094 )
(3,211 ) (5,094 )

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 period 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.

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 13 December 2024 and were signed by:





Miss H Clifton - Designated member

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Clifton Mortgage Consulting 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

PERIOD
1/5/23
TO YEAR ENDED
31/3/24 30/4/23
£    £   
Depreciation - owned assets 1,061 1,540

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 10,200 3,947 14,147
Additions - 821 821
At 31 March 2024 10,200 4,768 14,968
DEPRECIATION
At 1 May 2023 8,845 3,386 12,231
Charge for period 311 750 1,061
At 31 March 2024 9,156 4,136 13,292
NET BOOK VALUE
At 31 March 2024 1,044 632 1,676
At 30 April 2023 1,355 561 1,916

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from members 16,248 5,094
Sundry debtors 1,287 280
Prepayments 964 703
18,499 6,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,075 1,188
Accrued expenses 1,501 1,423
2,576 2,611

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,075 1,188
Bank loans - 2-5 years 3,224 3,564
Bank loans more 5 yr by instal 1,433 1,852
5,732 6,604

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,433 1,852

CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 13,037 -

Falling due within one year 13,037 -

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.