Registered number
OC342848
Carnegie Management LLP
Filleted Accounts
30 June 2024
Carnegie Management LLP
Registered number: OC342848
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,915 21,076
Current assets
Debtors 4 933 1,440
Cash at bank and in hand 3,704 678
4,637 2,118
Creditors: amounts falling due within one year 5 (110,032) (129,471)
Net current liabilities (105,395) (127,353)
Total assets less current liabilities (87,480) (106,277)
Net liabilities attributable to members (87,480) (106,277)
Represented by:
Members' other interests
Members' capital classified as equity 8,541 8,541
Other reserves (96,021) (114,818)
(87,480) (106,277)
(87,480) (106,277)
Total members' interests
Members' other interests (87,480) (106,277)
(87,480) (106,277)
For the year ended 30 June 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 January 2025 and signed on their behalf by:
Andrew Carnegie
Designated member
Carnegie Management LLP
Notes to the Accounts
for the year ended 30 June 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 land and buildings.
Motor vehicles 15% reducing balance
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.
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 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2023 24,795
At 30 June 2024 24,795
Depreciation
At 1 July 2023 3,719
Charge for the year 3,161
At 30 June 2024 6,880
Net book value
At 30 June 2024 17,915
At 30 June 2023 21,076
4 Debtors 2024 2023
£ £
Other debtors 933 1,440
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 110,032 129,471
6 Other information
Carnegie Management LLP is a limited liability partnership incorporated in England. Its registered office is:
Ramshill Farm
Wincombe Park
Shaftesbury
Wiltshire
SP7 9AB
Carnegie Management LLP OC342848 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Andrew Carnegie No description of principal activity OC342848 2022-07-01 2023-06-30 OC342848 core:WithinOneYear 2023-06-30 OC342848 core:ShareCapital 2023-06-30 OC342848 core:RetainedEarningsAccumulatedLosses 2023-06-30 OC342848 2023-07-01 2024-06-30 OC342848 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC342848 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 OC342848 bus:PartnerLLP20 2023-07-01 2024-06-30 OC342848 3 2023-07-01 2024-06-30 OC342848 1 2023-07-01 2024-06-30 OC342848 2 2023-07-01 2024-06-30 OC342848 4 2023-07-01 2024-06-30 OC342848 core:Vehicles 2023-07-01 2024-06-30 OC342848 countries:England 2023-07-01 2024-06-30 OC342848 bus:FRS102 2023-07-01 2024-06-30 OC342848 bus:FilletedAccounts 2023-07-01 2024-06-30 OC342848 2024-06-30 OC342848 core:WithinOneYear 2024-06-30 OC342848 core:ShareCapital 2024-06-30 OC342848 core:RetainedEarningsAccumulatedLosses 2024-06-30 OC342848 core:Vehicles 2024-06-30 OC342848 2023-06-30 OC342848 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure