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REGISTERED NUMBER: OC338765 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CheckRisk LLP

CheckRisk LLP (Registered number: OC338765)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CheckRisk LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: N P B Bullman
Mrs K Bullman





REGISTERED OFFICE: Valley Cottage The Folly
Nether Compton
Sherborne
Dorset
DT9 4QG





REGISTERED NUMBER: OC338765 (England and Wales)





ACCOUNTANTS: Monahans
Chartered Accountants
Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA

CheckRisk LLP (Registered number: OC338765)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 235,472 163,508
Cash at bank 833 134
236,305 163,642
CREDITORS
Amounts falling due within one year 5 77,462 59,038
NET CURRENT ASSETS 158,843 104,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,843

104,604

CREDITORS
Amounts falling due after more than one
year

6

5,815

34,805
NET ASSETS ATTRIBUTABLE TO
MEMBERS

153,028

69,799

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

93,028

9,799

MEMBERS' OTHER INTERESTS
Capital accounts 60,000 60,000
153,028 69,799

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 93,028 9,799
Members' other interests 60,000 60,000
153,028 69,799

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 December 2023.

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.

CheckRisk LLP (Registered number: OC338765)

Balance Sheet - continued
31 December 2023


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 26 March 2025 and were signed by:





N P B Bullman - Designated member

CheckRisk LLP (Registered number: OC338765)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

CheckRisk 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
The turnover shown in the profit and loss account represents fees receivable during the period.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Members' participation rights
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 FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Profit and Loss Account and are equity appropriations in the Balance Sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,666 -
Other debtors 225,806 163,508
235,472 163,508

CheckRisk LLP (Registered number: OC338765)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,737 1,628
Taxation and social security 496 -
Other creditors 73,229 57,410
77,462 59,038

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 5,815 34,805

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 93,028 9,799

Falling due within one year 93,028 9,799

Loans and other debts due to members (other than members' capital classified as debt) will rank pari passu in relation to all other creditors.

8. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £225,806 (2022: £163,508) which is owed in relation to a loan to CheckRisk Management Services Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the partner N Bullman.