REGISTERED NUMBER: |
CORTUS TS LLP |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
REGISTERED NUMBER: |
CORTUS TS LLP |
REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Report of the Accountants | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
CORTUS TS LLP |
GENERAL INFORMATION |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
Designated members: |
Registered office: |
Registered number: |
Accountants: |
Dalton House |
9 Dalton Square |
LANCASTER |
LA1 1WD |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
REPORT OF THE MEMBERS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
The members present their report with the financial statements of the LLP for the period 1 April 2023 to 30 June 2024. |
Cessation of trading |
The LLP ceased trading on 30 June 2024. |
Principal activity |
The principal activity of the LLP in the period under review was that of the provision of financial due diligence and associated 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 £1,637,444 (2023 - £1,401,047 profit). |
Members' interests |
The members' interests are set out in note 8 of the financial statements. |
On behalf of the members: |
CORTUS TS LLP |
REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF |
CORTUS TS LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLP's by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Cortus Transaction Services LLP for the period ended 30 June 2024 which comprises the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from the information and explanations you have given us. |
This report is made solely to the members of Cortus Transaction Services LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cortus Transaction Services LLP and state those matters that we have agreed to state to the members, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Cortus Transaction Services LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that the Cortus Transaction Services LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cortus Transaction Services LLP. You consider that Cortus Transaction Services LLP is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Cortus Transaction Services LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Dalton House |
9 Dalton Square |
LANCASTER |
LA1 1WD |
Date: ............................................. |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
INCOME STATEMENT |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
Period |
1/4/23 |
to | Year Ended |
30/6/24 | 31/3/23 |
Notes | £ | £ |
Turnover |
Cost of sales |
Gross profit |
Administrative expenses |
Operating profit and |
Profit for the financial period before members' remuneration and profit shares available for discretionary division among members |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Prepayments and accrued income |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Accruals and deferred income |
Net assets attributable to members | 772,587 | 889,196 |
Loans and other debts due to members | 8 | 772,587 | 889,196 |
Total members' interests |
Loans and other debts due to members | 8 | 772,587 | 889,196 |
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 were approved by the members of the LLP and authorised for issue on |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
1. | Statutory information |
Cortus TS LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The LLP ceased trading on 30 June 2024 to this end accounts for the 15 months ended 30 June 2024 have been prepared. As a result comparatives are not entirely comparable. |
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 |
Plant and machinery etc | - |
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 period was |
4. | Operating profit |
The operating profit is stated after charging: |
Period |
1/4/23 |
to | Year Ended |
30/6/24 | 31/3/23 |
£ | £ |
Depreciation - owned assets |
CORTUS TS LLP (REGISTERED NUMBER: OC433823) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
5. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2023 |
Additions |
At 30 June 2024 |
Depreciation |
At 1 April 2023 |
Charge for period |
At 30 June 2024 |
Net book value |
At 30 June 2024 |
At 31 March 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Loans and other debts due to members |
2024 | 2023 |
£ | £ |
Amounts owed to members in respect of profits | 772,587 | 889,196 |
Falling due within one year | 772,587 | 889,196 |
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. |