1 September 2023 false No description of principal activity Taxfiler 2024.6 NC000417business:LimitedLiabilityPartnershipLLP2023-09-012024-08-31 NC0004172023-08-31 NC0004172023-09-012024-08-31 NC000417business:AuditExemptWithAccountantsReport2023-09-012024-08-31 NC000417business:FilletedAccounts2023-09-012024-08-31 NC0004172024-08-31 NC000417business:PartnerLLP12023-09-012024-08-31 NC000417business:PartnerLLP22023-09-012024-08-31 NC000417business:RegisteredOffice2023-09-012024-08-31 NC0004172023-08-31 NC000417core:WithinOneYear2024-08-31 NC000417core:WithinOneYear2023-08-31 NC000417core:AfterOneYear2024-08-31 NC000417core:AfterOneYear2023-08-31 NC000417business:SmallEntities2023-09-012024-08-31 NC000417core:MotorVehicles2023-09-012024-08-31 NC000417core:FurnitureFittings2023-09-012024-08-31 NC000417countries:NorthernIreland2023-09-012024-08-31 NC000417core:MotorVehicles2023-08-31 NC000417core:FurnitureFittings2023-08-31 NC000417core:MotorVehicles2024-08-31 NC000417core:FurnitureFittings2024-08-31 NC0004172022-09-012023-08-31 iso4217:GBP xbrli:pure
Registered No. NC000417 (Northern Ireland)
Financial Solutions (NI) LLP Filleted Unaudited Financial Statements for the year ended 31 August 2024
Financial Solutions (NI) LLP LLP Information for the year ended 31 August 2024
Designated members
Mr Kim Silkstone
Mrs Michele Silkstone
Registered Number
NC000417 (Northern Ireland)
Registered Office
30 CHURCH STREET BANGOR CO. DOWN BT20 3HY
Accountants
Regan & Co. 14 Farney Street Carrickmacross Co Monaghan A81 NT63
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Financial Solutions (NI) LLP Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,878 
3,598 
Current assets
Debtors
598 
598 
Cash at bank and in hand
21,518 
23,493 
22,116 
24,091 
Creditors: amounts falling due within one year
(27,933)
(30,487)
Net current liabilities
(5,817)
(6,396)
Total assets less current liabilities
(2,939)
(2,798)
Creditors: amounts falling due after more than one year
(7,501)
(17,500)
Net liabilities attributable to members
(10,440)
(20,298)
Represented by:
Loans and other debts due to members
(10,440)
(20,298)
(10,440)
(20,298)
Total members' interests
Loans and other debts due to members
(10,440)
(20,298)
(10,440)
(20,298)
For the year ending 31 August 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 28 May 2025.
Mr Kim Silkstone Designated member Limited Liability Partnership Registration No. NC000417
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Financial Solutions (NI) LLP Notes to the Accounts for the year ended 31 August 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
2
Statutory information
Financial Solutions (NI) LLP is a limited liability partnership, incorporated in Northern Ireland, registration number NC000417. Its registered office is 30 CHURCH STREET, BANGOR, CO. DOWN, BT20 3HY.
3
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
7,300 
5,396 
12,696 
At 31 August 2024
7,300 
5,396 
12,696 
Depreciation
At 1 September 2023
6,590 
2,508 
9,098 
Charge for the year
142 
578 
720 
At 31 August 2024
6,732 
3,086 
9,818 
Net book value
At 31 August 2024
568 
2,310 
2,878 
At 31 August 2023
710 
2,888 
3,598 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
5,079 
5,079 
Taxes and social security costs
209 
443 
Accruals
12,645 
14,965 
27,933 
30,487 
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Financial Solutions (NI) LLP Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,501 
17,500 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
(10,440)
(20,298)
Amounts falling due within one year
(10,440)
(20,298)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in a winding up.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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