Registered number
OC437404
Cartland Promotions LLP
Filleted Accounts
31 March 2024
Cartland Promotions LLP
Registered number: OC437404
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,142 7,995
Current assets
Debtors 4 120,000 124,412
Investments held as current assets 5 2 2
Cash at bank and in hand 3,940 15,089
123,942 139,503
Creditors: amounts falling due within one year 6 (178,871) (143,917)
Net current liabilities (54,929) (4,414)
Total assets less current liabilities (47,787) 3,581
Net (liabilities)/assets attributable to members (47,787) 3,581
Represented by:
Loans and other debts due to members 7 (47,787) 3,581
(47,787) 3,581
Total members' interests
Loans and other debts due to members 7 (47,787) 3,581
(47,787) 3,581
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 31 December 2024 and signed on their behalf by:
Mrs T Parker
Designated member
Cartland Promotions LLP
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Going Concern
At the balance sheet date, the LLP's liabilities exceeded its assets. The LLP has received assurance from the partners that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the dpartners consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the LLP's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realiseable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the LLP's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on reducing balance
Fixtures, fittings, tools and equipment 10% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 9,797 160 9,957
At 31 March 2024 9,797 160 9,957
Depreciation
At 1 April 2023 1,862 100 1,962
Charge for the year 793 60 853
At 31 March 2024 2,655 160 2,815
Net book value
At 31 March 2024 7,142 - 7,142
At 31 March 2023 7,935 60 7,995
4 Debtors 2024 2023
£ £
Other debtors 120,000 124,412
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 2 2
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,120 4,085
Other taxes and social security costs 3,679 149
Other creditors 172,072 139,683
178,871 143,917
7 Loans and other debts due to members 2024 2023
£ £
Loans from members 18,258 13,505
Amounts due (from)/to members in respect of profits (66,045) (9,924)
(47,787) 3,581
Amounts falling due within one year (47,787) 3,581
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Cartland Promotions LLP is a limited liability partnership incorporated in England. Its registered office is:
Camfield House
Camfield Place
Hatfield
AL9 6JE
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