Company No:
Contents
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 13,931,578 | 15,684,228 | |||
| Current assets | ||||
| Cash at bank and in hand |
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| 32,196 | 10,083 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (170,183) | (185,921) | ||
| Total assets less current liabilities | 13,761,395 | 15,498,307 | ||
| Creditors: amounts falling due after more than one year | 5 | (
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| Net assets attributable to members |
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| Represented by | ||||
| Loans and other debts due to members after more than one year | ||||
| Members' capital classified as a liability | 9,341,412 | 9,968,306 | ||
| 9,341,412 | 9,968,306 | |||
| Members' other interests | ||||
| Other reserves | (6,162) | 0 | ||
| (6,162) | 0 | |||
| 9,335,250 | 9,968,306 | |||
| Total members' interests | ||||
| Loans and other debts due to members | 9,341,412 | 9,968,306 | ||
| Members' other interests | (6,162) | 0 | ||
| 9,335,250 | 9,968,306 |
Members' responsibilities:
The financial statements of COL Tester LLP (registered number:
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T Fleming
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
COL Tester LLP (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, United KingdomE1W 9US.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
| Land and buildings | not depreciated |
| Fixtures and fittings |
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| Computer equipment |
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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 credited or charged to profit or loss.
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 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.
The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense.
They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position 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 Statement of Financial Position within 'Members' other interests'.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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| Land and buildings | Fixtures and fittings | Computer equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 01 February 2023 |
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| Additions |
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| Disposals | (
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| At 31 January 2024 |
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| Accumulated depreciation | |||||||
| At 01 February 2023 |
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| Charge for the financial year |
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| At 31 January 2024 |
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| Net book value | |||||||
| At 31 January 2024 |
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| At 31 January 2023 |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Other taxation and social security |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors |
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Commitments
Castle Trust Capital PLC holds fixed and floating charges over the property assets of the company.