Limited Liability Partnership registration number OC309023 (England and Wales)
HARLEY STREET PAEDIATRIC GROUP LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
HARLEY STREET PAEDIATRIC GROUP LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 5
HARLEY STREET PAEDIATRIC GROUP LLP
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1,181
1,261
Creditors: amounts falling due within one year
3
(46,055)
(39,408)
Net current liabilities and net liabilities attributable to members
(44,874)
(38,147)
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
7,583
7,583
Amounts due in respect of profits
(53,242)
(46,515)
Other amounts
(27,056)
(27,056)
(72,715)
(65,988)
Members' other interests
Members' capital classified as equity
27,841
27,841
(44,874)
(38,147)
For the financial year ended 31 August 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
The financial statements were approved by the members and authorised for issue on 25 April 2025 and are signed on their behalf by:
25 April 2025
Dr J D Singer
Mr Sanjiv Agarwal
Designated member
Designated Member
Limited Liability Partnership registration number OC309023 (England and Wales)
HARLEY STREET PAEDIATRIC GROUP LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Members' capital
Other amounts
Total
Total
2024
£
£
£
£
Members' interests at 1 September 2023
27,841
7,583
(73,572)
(65,989)
(38,148)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
-
(6,726)
(6,726)
(6,726)
Result for the financial year available for discretionary division among members
-
-
-
-
-
Members' interests after loss and remuneration for the year
27,841
7,583
(80,298)
(72,715)
(44,874)
Members' interests at 31 August 2024
27,841
7,583
(80,298)
(72,715)
(44,874)
HARLEY STREET PAEDIATRIC GROUP LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Members' capital
Other amounts
Total
Total
2023
£
£
£
£
Members' interests at 1 September 2022
27,841
7,583
(66,922)
(59,339)
(31,498)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
-
(6,649)
(6,649)
(6,649)
Result for the financial year available for discretionary division among members
-
-
-
-
-
Members' interests after loss and remuneration for the year
27,841
7,583
(73,571)
(65,988)
(38,147)
Members' interests at 31 August 2023
27,841
7,583
(73,571)
(65,988)
(38,147)
HARLEY STREET PAEDIATRIC GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Accounting policies
Limited liability partnership information
Harley Street Paediatric Group LLP is a limited liability partnership incorporated in England and Wales. The registered office is 45 Campden Hill Court, Campden Hill Road, Kensington, W8 7HU.
The limited liability partnership's principal activities are disclosed in the Members' Report.
1.1
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Members' participating interests
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.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.
Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer Equipment
25% Straight line
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 recognised in the profit and loss account.
HARLEY STREET PAEDIATRIC GROUP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 and 31 August 2024
8,296
Depreciation and impairment
At 1 September 2023 and 31 August 2024
8,296
Carrying amount
At 31 August 2024
-
At 31 August 2023
-
3
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
46,055
39,408
4
Loans and other debts due to members
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.
5
Related party transactions
At the balance sheet date, the LLP owed £41,314 (2023: £34,669) to Dr Jack Singer Limited, a company in which Dr Jack Singer is the director.