Limited Liability Partnership registration number OC386131 (England and Wales)
CD PARTNERSHIP LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CD PARTNERSHIP LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr C D N Harris
Mrs F E Donely
LLP registration number
OC386131
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank Plc
2 The Promenade
Cheltenham
Gloucestershire
GL50 1LS
CD PARTNERSHIP LLP
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
CD PARTNERSHIP LLP
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CD PARTNERSHIP LLP FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CD Partnership LLP for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the limited liability partnership’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the limited liability partnership's members of CD Partnership LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CD Partnership LLP and state those matters that we have agreed to state to the limited liability partnership's members of CD Partnership LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CD Partnership LLP and its members as a body, for our work or for this report.

It is your duty to ensure that CD Partnership LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of CD Partnership LLP. You consider that CD Partnership LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CD Partnership LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
27 March 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
CD PARTNERSHIP LLP
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
43,447
Current assets
Debtors
4
4,912
-
Creditors: amounts falling due within one year
5
(4,912)
(9,046)
Net current liabilities
-
(9,046)
Total assets less current liabilities and net assets attributable to members
-
34,401
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
-
34,401
Total members' interests
Amounts due from members
(4,912)
-
Loans and other debts due to members
-
34,401
(4,912)
34,401

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

The financial statements were approved by the members and authorised for issue on 27 March 2025 and are signed on their behalf by:
27 March 2025
Mr C D N Harris
Mrs F E Donely
Designated member
Designated Member
Limited Liability Partnership registration number OC386131 (England and Wales)
CD PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Limited liability partnership information

CD Partnership LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Members' participating interests

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.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance
Computer equipment
25% on cost
Motor vehicles
20% on reducing balance

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 recognised in the profit and loss account.

CD PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
4,959
8,469
44,608
58,036
Disposals
(4,959)
(8,469)
(44,608)
(58,036)
At 31 March 2024
-
-
-
-
Depreciation and impairment
At 1 April 2023
3,277
7,595
3,717
14,589
Depreciation charged in the year
251
437
8,178
8,866
Eliminated in respect of disposals
(3,528)
(8,032)
(11,895)
(23,455)
At 31 March 2024
-
-
-
-
Carrying amount
At 31 March 2024
-
-
-
-
At 31 March 2023
1,682
874
40,891
43,447
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,912
-
CD PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,023
1,699
Trade creditors
1,014
2,022
Taxation and social security
-
3,640
Other creditors
875
1,685
4,912
9,046
6
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank overdrafts
3,023
1,699
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.

2024-03-312023-04-01falsefalse27 March 2025CCH SoftwareCCH Accounts Production 2024.310falseOC3861312023-04-012024-03-31OC386131bus:PartnerLLP12023-04-012024-03-31OC386131bus:PartnerLLP22023-04-012024-03-31OC3861312024-03-31OC3861312022-04-012023-03-31OC386131bus:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC386131bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC386131bus:FRS1022023-04-012024-03-31OC386131bus:AuditExemptWithAccountantsReport2023-04-012024-03-31OC386131bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:shares