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REGISTERED NUMBER: OC422595 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Worcester Cardiac Group LLP

Worcester Cardiac Group LLP (Registered number: OC422595)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Worcester Cardiac Group LLP (Registered number: OC422595)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,899 10,485

CURRENT ASSETS
Debtors 5 18,966 18,681
Cash at bank 17,740 16,422
36,706 35,103
CREDITORS
Amounts falling due within one year 6 6,483 4,857
NET CURRENT ASSETS 30,223 30,246
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 45,122 40,731

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

45,122

40,731

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 45,122 40,731
Amounts due from members 5 (11,059 ) (11,441 )
34,063 29,290

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 31st May 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.

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

In accordance with Section 444 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12th February 2025 and were signed by:




Mrs F H L Trevelyan - Designated member

Worcester Cardiac Group LLP (Registered number: OC422595)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Worcester Cardiac Group LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC422595

Registered office: The Lexicon
10 - 12 Mount Street
Manchester
M2 5NT

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Going concern
The LLP has reported a loss in this financial period with a profit in the previous year. The Member's have considered the appropriateness of the going concern basis for the preparation of the financial statements and consider that sufficient assets exist to enable the settlement of liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

Members participating interest
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

3. EMPLOYEE INFORMATION

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

Worcester Cardiac Group LLP (Registered number: OC422595)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 66,099
Additions 8,840
Disposals (26,400 )
At 31st May 2024 48,539
DEPRECIATION
At 1st June 2023 55,614
Charge for year 4,426
Eliminated on disposal (26,400 )
At 31st May 2024 33,640
NET BOOK VALUE
At 31st May 2024 14,899
At 31st May 2023 10,485

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,742 6,520
Other debtors 12,224 12,161
18,966 18,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 6,483 4,857

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

8. ULTIMATE CONTROLLING PARTY

The LLP is under the joint control of its members, as they collectively own 100% of the partnership.