Registered number
OC321117
Cerne Canning LLP
Filleted Accounts
30 April 2024
Cerne Canning LLP
Registered number: OC321117
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 273,368 74,455
Cash at bank and in hand 13,399 13,698
286,767 88,153
Creditors: amounts falling due within one year 4 (14,140) (4,100)
Net current assets 272,627 84,053
Total assets less current liabilities 272,627 84,053
Net assets attributable to members 272,627 84,053
Represented by:
Loans and other debts due to members 5 272,617 84,043
Members' other interests
Members' capital classified as equity 10 10
272,627 84,053
Total members' interests
Loans and other debts due to members 5 272,617 84,043
Members' other interests 10 10
272,627 84,053
For the year ended 30 April 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 15 January 2025 and signed on their behalf by:
C M Canning
Designated member
Cerne Canning LLP
Notes to the Accounts
for the year ended 30 April 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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest 254,468 55,555
Other debtors 18,900 18,900
273,368 74,455
4 Creditors: amounts falling due within one year 2024 2023
£ £
Oth taxes and social security costs 13,000 3,000
Accruals & deferred income 1,140 1,100
14,140 4,100
5 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 272,617 84,043
Amounts falling due within one year 272,617 84,043
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
Cerne Canning LLP is a limited liability partnership incorporated in England. Its registered office is:
Ground Floor
10-16 Scrutton Street
London
EC2A 4RU
Ground Floor
10-16 Scrutton Street
London
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