Registered number
OC401022
Corker Clifford LLP
Filleted Accounts
31 July 2024
Corker Clifford LLP
Registered number: OC401022
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,128 7,988
Current assets
Debtors 4 19,244 17,915
Cash at bank and in hand 13,033 521
32,277 18,436
Creditors: amounts falling due within one year 5 (10,291) (5,867)
Net current assets 21,986 12,569
Total assets less current liabilities 25,114 20,557
Net assets attributable to members 25,114 20,557
Represented by:
Loans and other debts due to members 6 25,114 20,557
25,114 20,557
Total members' interests
Loans and other debts due to members 6 25,114 20,557
25,114 20,557
For the year ended 31 July 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 10 April 2025 and signed on their behalf by:
Michael Corker
Designated member
Corker Clifford LLP
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to date on which the services were performed.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 34,273
Additions 2,766
At 31 July 2024 37,039
Depreciation
At 1 August 2023 26,285
Charge for the year 7,626
At 31 July 2024 33,911
Net book value
At 31 July 2024 3,128
At 31 July 2023 7,988
4 Debtors 2024 2023
£ £
Trade debtors 9,222 8,423
Other debtors 10,022 9,492
19,244 17,915
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 406
Other taxes and social security costs 9,140 2,700
Other creditors 1,151 2,761
10,291 5,867
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 25,114 20,557
Amounts falling due within one year 25,114 20,557
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Corker Clifford LLP is a limited liability partnership incorporated in England. Its registered office is:
6 Bentinck Street
London
W1U 2EQ
Corker Clifford LLP OC401022 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 Michael Corker No description of principal activity OC401022 2022-08-01 2023-07-31 OC401022 core:WithinOneYear 2023-07-31 OC401022 1 2023-07-31 OC401022 2023-08-01 2024-07-31 OC401022 bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC401022 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC401022 bus:PartnerLLP20 2023-08-01 2024-07-31 OC401022 3 2023-08-01 2024-07-31 OC401022 1 2023-08-01 2024-07-31 OC401022 2 2023-08-01 2024-07-31 OC401022 4 2023-08-01 2024-07-31 OC401022 core:PlantMachinery 2023-08-01 2024-07-31 OC401022 countries:England 2023-08-01 2024-07-31 OC401022 bus:FRS102 2023-08-01 2024-07-31 OC401022 bus:FilletedAccounts 2023-08-01 2024-07-31 OC401022 2024-07-31 OC401022 core:WithinOneYear 2024-07-31 OC401022 1 2024-07-31 OC401022 core:PlantMachinery 2024-07-31 OC401022 2023-07-31 OC401022 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure