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REGISTERED NUMBER: OC304844 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024

FOR

EDWARD CHARLES & PARTNERS LLP

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDWARD CHARLES & PARTNERS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024







DESIGNATED MEMBERS: C Norton
C C Okin
A J Okin
M Phillips
J R Shuttle





REGISTERED OFFICE: 55 Loudoun Road
St Johns Wood
London
NW8 0DL





BUSINESS ADDRESS: 1 Marylebone High Street
London
W1U 4LZ





REGISTERED NUMBER: OC304844 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

BALANCE SHEET
5 APRIL 2024

5.4.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,902 19,698

CURRENT ASSETS
Debtors 5 540,236 2,825,458
Cash at bank 774,231 1,086,155
1,314,467 3,911,613
CREDITORS
Amounts falling due within one year 6 (470,159 ) (669,883 )
NET CURRENT ASSETS 844,308 3,241,730
TOTAL ASSETS LESS CURRENT LIABILITIES 871,210 3,261,428

PROVISIONS FOR LIABILITIES (44,695 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 826,515 3,261,428

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

BALANCE SHEET - continued
5 APRIL 2024

5.4.24 30.6.23
Notes £    £   
LOANS AND OTHER DEBTS DUE TO MEMBERS - -

MEMBERS' OTHER INTERESTS
Other reserves 826,515 3,261,428
826,515 3,261,428

TOTAL MEMBERS' INTERESTS
Members' other interests 826,515 3,261,428
Amounts due from members 5 - (1,784,458 )
826,515 1,476,970

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 5 April 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.

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 27 November 2024 and were signed by:





C C Okin - Designated member

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024


1. STATUTORY INFORMATION

Edward Charles & Partners 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.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements for the previous accounting period were prepared for the period ended to 31 June 2023. The company has since amended its accounting period to 05 April 2024. The comparative amounts presented in the financial statement cover a twelve month period and are not entirely comparable with the amounts presented for the current period covering 9 months.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts. Professional fees are recognised as income when the deal relating to the fee becomes unconditional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - evenly over the period of the lease
Plant and machinery etc - 20% on cost

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024


2. ACCOUNTING POLICIES - continued

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits and post retirement payments to members
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 32,970 22,425 55,395
Additions - 13,363 13,363
At 5 April 2024 32,970 35,788 68,758
DEPRECIATION
At 1 July 2023 20,332 15,365 35,697
Charge for period 2,473 3,686 6,159
At 5 April 2024 22,805 19,051 41,856
NET BOOK VALUE
At 5 April 2024 10,165 16,737 26,902
At 30 June 2023 12,638 7,060 19,698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 30.6.23
£    £   
Trade debtors 484,796 985,215
Other debtors 55,440 1,840,243
540,236 2,825,458

EDWARD CHARLES & PARTNERS LLP (REGISTERED NUMBER: OC304844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 30.6.23
£    £   
Trade creditors 29,496 18,151
Taxation and social security 218,000 356,453
Other creditors 222,663 295,279
470,159 669,883

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
5.4.24 30.6.23
£    £   
Within one year 123,998 123,998
Between one and five years 256,488 351,270
380,486 475,268

The company is committed to 3 years, however extention of the lease is likely to be taken to 9 years.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank
equally with unsecured creditors.

9. CONTROL

The LLP is controlled by its designated members, which remains unchanged from the prior year.