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COMPANY REGISTRATION NUMBER: 06908950
Longwater Partners Limited
Filleted Unaudited Financial Statements
31 May 2024
Longwater Partners Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Longwater Partners Limited
Officers and Professional Advisers
The board of directors
H Eddis
S Gill
J Walker
Registered office
55 New Oxford Street
London
WC1A 1BS
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Longwater Partners Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Longwater Partners Limited
Year ended 31 May 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 May 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Longwater Partners Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
2,438
2,343
Current assets
Debtors
6
14,191
89,639
Cash at bank and in hand
134,107
51,252
---------
---------
148,298
140,891
Creditors: amounts falling due within one year
7
143,731
88,373
---------
---------
Net current assets
4,567
52,518
-------
--------
Total assets less current liabilities
7,005
54,861
-------
--------
Net assets
7,005
54,861
-------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
6,995
54,851
-------
--------
Shareholders funds
7,005
54,861
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Longwater Partners Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
H Eddis
Director
Company registration number: 06908950
Longwater Partners Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 New Oxford Street, London, WC1A 1BS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 6 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 June 2023
2,524
10,354
12,878
Additions
1,147
1,147
-------
--------
--------
At 31 May 2024
2,524
11,501
14,025
-------
--------
--------
Depreciation
At 1 June 2023
505
10,030
10,535
Charge for the year
505
547
1,052
-------
--------
--------
At 31 May 2024
1,010
10,577
11,587
-------
--------
--------
Carrying amount
At 31 May 2024
1,514
924
2,438
-------
--------
--------
At 31 May 2023
2,019
324
2,343
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
6,000
54,000
Other debtors
8,191
35,639
--------
--------
14,191
89,639
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,739
24,219
Corporation tax
100,888
47,751
Social security and other taxes
23,384
14,810
Other creditors
13,720
1,593
---------
--------
143,731
88,373
---------
--------