REGISTERED NUMBER: |
CLIFTON MORTGAGE CONSULTING LLP |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 |
Administrative expenses | ( |
) | ( |
) |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
50,312 | 87,245 |
Interest payable and similar expenses | ( |
) | ( |
) |
PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
CLIFTON MORTGAGE CONSULTING LLP (REGISTERED NUMBER: OC411436) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
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 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts due from members | 16,248 | 5,094 |
Sundry debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
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. |