REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2024 to 31 March 2024 |
for |
PITTALIS LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2024 to 31 March 2024 |
for |
PITTALIS LLP |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Contents of the Financial Statements |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
PITTALIS LLP |
General Information |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Statement of Financial Position |
31 MARCH 2024 |
31/3/24 | 31/12/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Work in progress |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
316,361 |
332,574 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
316,361 |
332,574 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 316,361 | 332,574 |
Amounts due from members | 5 | (100,847 | ) | (93,960 | ) |
215,514 | 238,614 |
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. |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Statement of Financial Position - continued |
31 MARCH 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Notes to the Financial Statements |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Pittalis 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 (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the clients. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses |
Work in progress |
Work in progress is valued on the basis of work done by the year end not yet invoiced. |
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 |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2024 |
and 31 March 2024 |
DEPRECIATION |
At 1 January 2024 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/12/23 |
£ | £ |
Trade debtors |
Amounts due from members | 100,847 | 93,960 |
Other debtors |
Prepayments |
Other debtors above represents funds owed by a former member of the LLP. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/12/23 |
£ | £ |
Bank loans and overdrafts (see note 8) |
PAYE |
Pension control | 510 | 537 |
VAT | 36,629 | 39,958 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/3/24 | 31/12/23 |
£ | £ |
Bank loans (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instalments | 30,772 | 33,210 |
PITTALIS LLP (REGISTERED NUMBER: OC370985) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2024 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31/3/24 | 31/12/23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instalments | 30,772 | 33,210 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31/3/24 | 31/12/23 |
£ | £ |
Amounts owed to members in respect of profits | 316,361 | 332,574 |
Falling due within one year | 316,361 | 332,574 |
In the event of a winding up of the LLP, amounts classified as 'other debts due to members' would rank behind other non-secured creditors. There are no restrictions that exist on the ability of members to reduce the amounts classified as 'members' capital'. |
Members have agreed not to take cash drawings where this would conflict with the adequacy of the working capital of the LLP. |