REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
for |
McCue Jury and Partners LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
for |
McCue Jury and Partners LLP |
McCue Jury and Partners LLP (Registered number: OC364119) |
Contents of the Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
McCue Jury and Partners LLP |
General Information |
for the Period 1 July 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5 Corum 2 |
Corum Office Park |
Crown Way |
Warmley |
Bristol |
BS30 8FJ |
McCue Jury and Partners LLP (Registered number: OC364119) |
Balance Sheet |
31 March 2024 |
31.3.24 | 30.6.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 69,969 | 355,508 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
63,460 |
348,999 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 6,509 | 6,509 |
69,969 | 355,508 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 63,460 | 348,999 |
Members' other interests | 6,509 | 6,509 |
Amounts due from members | 5 | (18,543 | ) | - |
51,426 | 355,508 |
McCue Jury and Partners LLP (Registered number: OC364119) |
Balance Sheet - continued |
31 March 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 were approved by the members of the LLP and authorised for issue on |
McCue Jury and Partners LLP (Registered number: OC364119) |
Notes to the Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
McCue Jury and Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from the Financial Reporting Standard 102 1A. |
Turnover |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:- |
- the amount of the revenue can be measured reliably; |
- it is probable that the LLP will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Tangible fixed assets |
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - 10% on cost |
Computer and office equipment | - 33% on cost |
McCue Jury and Partners LLP (Registered number: OC364119) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Computer |
and |
Freehold | office |
property | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 June 2023 |
McCue Jury and Partners LLP (Registered number: OC364119) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Bank loans |
Included in bank loans in notes 6 and 7 is a combined balance of £39,276 (2023 - £57,590) which is guaranteed by the government and unsecured. |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.24 | 30.6.23 |
£ | £ |
Bank loans | 50,800 | 61,666 |
The bank loans are secured over all the assets of the entity. |
9. | PENSION COMMITMENTS |
The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £Nil (2023 - £47) were payable to the fund at the reporting date. |
McCue Jury and Partners LLP (Registered number: OC364119) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 March 2024 |
10. | OFF BALANCE SHEET COMMITMENTS |
At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable leases totalling £63,600 (2023 - £17,100). |
11. | RELATED PARTY DISCLOSURES |
Loans to related parties |
Other related parties |
Total |
2024 | £ | £ |
At start of period | 9,831 | 9,831 |
Advanced | - | - |
Repaid | (5,128 | ) | (5,128 | ) |
At end of period | 4,703 | 4,703 |
Other related parties |
Total |
2023 | £ | £ |
At start of period | 7,157 | 7,157 |
Advanced | 2,674 | 2,674 |
Repaid | - | - |
At end of period | 9,831 | 9,831 |
The loans to other related parties are interest free and repayable on demand. |