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REGISTERED NUMBER: OC302271 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FINANCIAL FUTURE ASSOCIATES LLP

FINANCIAL FUTURE ASSOCIATES LLP (REGISTERED NUMBER: OC302271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINANCIAL FUTURE ASSOCIATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 May 2024







DESIGNATED MEMBERS: I C Primmer
Richard A James Ltd





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: OC302271 (England and Wales)





ACCOUNTANTS: Traviss & Co Limited
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

FINANCIAL FUTURE ASSOCIATES LLP (REGISTERED NUMBER: OC302271)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2

CURRENT ASSETS
Debtors 5 3,383 3,585
Cash at bank 10,742 14,590
14,125 18,175
CREDITORS
Amounts falling due within one year 6 1,047 1,127
NET CURRENT ASSETS 13,078 17,048
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,080

17,050

LOANS AND OTHER DEBTS DUE TO
MEMBERS

13,080

17,050

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 13,080 17,050

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 May 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.

FINANCIAL FUTURE ASSOCIATES LLP (REGISTERED NUMBER: OC302271)

BALANCE SHEET - continued
31 May 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 17 January 2025 and were signed by:





R James - Designated member

FINANCIAL FUTURE ASSOCIATES LLP (REGISTERED NUMBER: OC302271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024


1. STATUTORY INFORMATION

Financial Future 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
Turnover represents commissions earned during the period less re-insurance and professional indemnity insurance costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost and 25% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 3,554
DEPRECIATION
At 1 June 2023
and 31 May 2024 3,552
NET BOOK VALUE
At 31 May 2024 2
At 31 May 2023 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 525 727
Other debtors 2,858 2,858
3,383 3,585

FINANCIAL FUTURE ASSOCIATES LLP (REGISTERED NUMBER: OC302271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,047 1,127