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REGISTERED NUMBER: OC378838 (England and Wales)












UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 MAY 2024

FOR

HALO PHYSIO LLP

HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 October 2023 to 31 May 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALO PHYSIO LLP

GENERAL INFORMATION
for the period 1 October 2023 to 31 May 2024







DESIGNATED MEMBERS: Ms M L Adam
Ms R M Adams





REGISTERED OFFICE: 3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: OC378838 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,796

CURRENT ASSETS
Stocks - 450
Debtors 5 4,908 17,976
Cash at bank and in hand 21,091 28,084
25,999 46,510
CREDITORS
Amounts falling due within one year 6 13,499 19,826
NET CURRENT ASSETS 12,500 26,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,500

31,480

CREDITORS
Amounts falling due after more than one
year

7

12,500

19,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

12,313

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

12,313

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 12,313
Amounts due from members 5 (1,095 ) -
(1,095 ) 12,313

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 period ended 31 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.

HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

BALANCE SHEET - continued
31 May 2024


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 13 February 2025 and were signed by:




Ms M L Adam - Designated member




Ms R M Adams - Designated member


HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 October 2023 to 31 May 2024


1. STATUTORY INFORMATION

Halo Physio 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Not depreciated
Plant and machinery - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 5 (2023 - 5 ) .

HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 October 2023 to 31 May 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 October 2023 23,466 13,053 2,480 38,999
Disposals (23,466 ) (13,053 ) (2,480 ) (38,999 )
At 31 May 2024 - - - -
DEPRECIATION
At 1 October 2023 23,466 8,536 2,201 34,203
Eliminated on disposal (23,466 ) (8,536 ) (2,201 ) (34,203 )
At 31 May 2024 - - - -
NET BOOK VALUE
At 31 May 2024 - - - -
At 30 September 2023 - 4,517 279 4,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 14,163
Other debtors 4,908 3,813
4,908 17,976

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 698
Taxation and social security - 623
Other creditors 3,499 8,505
13,499 19,826

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 19,167

HALO PHYSIO LLP (REGISTERED NUMBER: OC378838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 October 2023 to 31 May 2024


8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits - 12,313

Falling due within one year - 12,313

Allocated profits are debts due to members which, unless otherwise agreed by the members, rank pari passu with ordinary creditors in the event of a winding up.