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REGISTERED NUMBER: OC432001 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CUMMINGS PEPPERDINE LLP

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


CUMMINGS PEPPERDINE LLP

GENERAL INFORMATION
For The Year Ended 31 March 2024







DESIGNATED MEMBERS: Pepperdine Hunt Limited
C Cummings
I S Gobin





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: OC432001 (England and Wales)

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

REPORT OF THE MEMBERS
For The Year Ended 31 March 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

Pepperdine Hunt Limited
C Cummings
I S Gobin

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £132,197 (2023 - £208,838 profit).

MEMBERS' INTERESTS
Amounts becoming due to members in respect of equity participating rights, following a discretionary division of profits, are debited directly to equity in the accounting period in which the division occurs. Such amounts are not presented as an expense within the profit and loss account. A discretionary division of profits that takes place after the balance sheet date is a non-adjusting event.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





C Cummings - Designated member


30 January 2025

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

INCOME STATEMENT
For The Year Ended 31 March 2024

2024 2023
£    £   

TURNOVER 237,752 364,536

Cost of sales 6,726 45,695
GROSS PROFIT 231,026 318,841

Administrative expenses 105,361 106,833
125,665 212,008

Gain/(loss) on revalation of investments 6,382 (3,170 )
OPERATING PROFIT 132,047 208,838

Interest receivable and similar income 150 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




132,197




208,838

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,238 5,432
Tangible assets 5 5,832 7,642
19,070 13,074

CURRENT ASSETS
Debtors 64,909 85,757
Cash at bank 2,285 9,109
67,194 94,866
CREDITORS
Amounts falling due within one year 30,250 42,224
NET CURRENT ASSETS 36,944 52,642
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

56,014

65,716

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

55,914

65,616

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
56,014 65,716

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 55,914 65,616
Members' other interests 100 100
Amounts due from members (55,595 ) (27,336 )
419 38,380

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 year ended 31 March 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.

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





C Cummings - Designated member

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Cummings Pepperdine LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of legal advice services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Intangible assets
Bitcoin is classified as an intangible asset and included in fixed assets; this classification is based on the fact that Bitcoin is not utilized in the normal course of business operations. Bitcoin is assessed under the revaluation model with initial measurement at cost and subsequent measurement at fair value less any accumulated amortisation and impairment. Revaluations above cost are recognised in Other Comprehensive Income and below cost, as expenses to profit and loss.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each individual asset over its useful life.

Office equipment -25% reducing balance


Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 5,432
Additions 14,456
Disposals (13,032 )
Revaluations 6,382
At 31 March 2024 13,238
NET BOOK VALUE

At 31 March 2024 13,238
At 31 March 2023 5,432

CUMMINGS PEPPERDINE LLP (REGISTERED NUMBER: OC432001)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2021 3,993
Valuation in 2022 (1,636 )
Valuation in 2023 (3,170 )
Valuation in 2024 6,382
Cost 7,669
13,238

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 13,186
Additions 118
At 31 March 2024 13,304
DEPRECIATION
At 1 April 2023 5,544
Charge for year 1,928
At 31 March 2024 7,472
NET BOOK VALUE
At 31 March 2024 5,832
At 31 March 2023 7,642

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the absence of an agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.