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
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
Financial Solutions (NI) LLP
Statement of financial position
as at 31 August 2024
Tangible assets
2,878
3,598
Cash at bank and in hand
21,518
23,493
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)
Loans and other debts due to members
(10,440)
(20,298)
Loans and other debts due to members
(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
Financial Solutions (NI) LLP
Notes to the Accounts
for the year ended 31 August 2024
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.
The accounts are presented in £ sterling.
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
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
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
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
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
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).