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REGISTERED NUMBER: OC433823 (England and Wales)












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: Mrs N J Merritt
Cortus Advisory Group Limited





Registered office: Artis House
Fairways Office Park
Pittman Way, Fulwood
PRESTON
PR2 9LF





Registered number: OC433823 (England and Wales)





Accountants: Xeinadin
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:

Mrs N J Merritt
Cortus Advisory Group Limited

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:





Mrs N J Merritt - Designated member


13 January 2025

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.






Xeinadin
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 3,818,705 2,461,884

Cost of sales 455,130 249,653
Gross profit 3,363,575 2,212,231

Administrative expenses 1,726,131 811,184
Operating profit and
Profit for the financial period before
members' remuneration and profit shares
available for discretionary division among
members



1,637,444



1,401,047

CORTUS TS LLP (REGISTERED NUMBER: OC433823)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 8,115 8,845

Current assets
Debtors 6 240,599 513,360
Prepayments and accrued income 518,301 252,748
Cash at bank 284,753 378,497
1,043,653 1,144,605
Creditors
Amounts falling due within one year 7 218,121 165,104
Net current assets 825,532 979,501
Total assets less current liabilities 833,647 988,346

Accruals and deferred income 61,060 99,150
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 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 30 June 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 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 January 2025 and were signed by:



Mrs N J Merritt - Designated member

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
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

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 15 (2023 - 12 ) .

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 6,769 3,418

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 13,442
Additions 6,039
At 30 June 2024 19,481
Depreciation
At 1 April 2023 4,597
Charge for period 6,769
At 30 June 2024 11,366
Net book value
At 30 June 2024 8,115
At 31 March 2023 8,845

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 240,599 477,360
Amounts owed by associates - 36,000
240,599 513,360

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 80,896 52,367
Taxation and social security 132,720 110,101
Other creditors 4,505 2,636
218,121 165,104

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.