1 September 2023 false No description of principal activity Taxfiler 2024.6 OC418596business:LimitedLiabilityPartnershipLLP2023-09-012024-08-31 OC4185962023-08-31 OC4185962023-09-012024-08-31 OC418596business:AuditExemptWithAccountantsReport2023-09-012024-08-31 OC418596business:FilletedAccounts2023-09-012024-08-31 OC4185962024-08-31 OC418596business:PartnerLLP12023-09-012024-08-31 OC418596business:PartnerLLP32023-09-012024-08-31 OC418596business:RegisteredOffice2023-09-012024-08-31 OC4185962023-08-31 OC418596core:WithinOneYear2024-08-31 OC418596core:WithinOneYear2023-08-31 OC418596core:AfterOneYear2024-08-31 OC418596core:AfterOneYear2023-08-31 OC418596core:ShareCapital2024-08-31 OC418596core:ShareCapital2023-08-31 OC418596core:RetainedEarningsAccumulatedLosses2024-08-31 OC418596core:RetainedEarningsAccumulatedLosses2023-08-31 OC418596business:SmallEntities2023-09-012024-08-31 OC418596core:PlantMachinery2023-09-012024-08-31 OC418596core:MotorVehicles2023-09-012024-08-31 OC418596core:FurnitureFittings2023-09-012024-08-31 OC418596core:ComputerEquipment2023-09-012024-08-31 OC418596countries:EnglandWales2023-09-012024-08-31 OC418596core:PlantMachinery2023-08-31 OC418596core:MotorVehicles2023-08-31 OC418596core:FurnitureFittings2023-08-31 OC418596core:ComputerEquipment2023-08-31 OC418596core:PlantMachinery2024-08-31 OC418596core:MotorVehicles2024-08-31 OC418596core:FurnitureFittings2024-08-31 OC418596core:ComputerEquipment2024-08-31 OC4185962022-09-012023-08-31 iso4217:GBP xbrli:pure
Registered No. OC418596 (England and Wales)
CONSILIO PARTNERSHIP LLP Unaudited accounts for the year ended 31 August 2024
CONSILIO PARTNERSHIP LLP LLP Information for the year ended 31 August 2024
Designated members
Mr Anthony Boden
Mr T B Wells
Registered Number
OC418596 (England and Wales)
Registered Office
The Old Bakery Wrotham Road Meopham Gravesend DA13 0QB England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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CONSILIO PARTNERSHIP LLP Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,463 
20,195 
Current assets
Inventories
6,325 
5,205 
Debtors
6,574 
11,863 
Cash at bank and in hand
21,359 
15,630 
34,258 
32,698 
Creditors: amounts falling due within one year
(41,075)
(21,068)
Net current (liabilities)/assets
(6,817)
11,630 
Total assets less current liabilities
11,646 
31,825 
Creditors: amounts falling due after more than one year
(29,095)
(36,821)
Net liabilities attributable to members
(17,449)
(4,996)
Represented by:
Loans and other debts due to members
(150,040)
(95,989)
Members' other interests
Members' capital classified as equity
10,525 
10,525 
Other reserves
122,066 
80,468 
132,591 
90,993 
(17,449)
(4,996)
Total members' interests
Loans and other debts due to members
(150,040)
(95,989)
Members' other interests
132,591 
90,993 
(17,449)
(4,996)
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 9 February 2025.
Mr Anthony Boden Designated member Limited Liability Partnership Registration No. OC418596
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CONSILIO PARTNERSHIP 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
3 years on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease. Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis.
Pension costs
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
2
Statutory information
CONSILIO PARTNERSHIP LLP is a limited liability partnership, incorporated in England and Wales, registration number OC418596. Its registered office is The Old Bakery, Wrotham Road, Meopham, Gravesend, DA13 0QB, England.
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CONSILIO PARTNERSHIP LLP Notes to the Accounts for the year ended 31 August 2024
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
58,573 
7,795 
1,734 
4,745 
72,847 
Additions
4,522 
6,400 
- 
215 
11,137 
At 31 August 2024
63,095 
14,195 
1,734 
4,960 
83,984 
Depreciation
At 1 September 2023
46,652 
1,559 
482 
3,959 
52,652 
Charge for the year
9,198 
2,839 
347 
485 
12,869 
At 31 August 2024
55,850 
4,398 
829 
4,444 
65,521 
Net book value
At 31 August 2024
7,245 
9,797 
905 
516 
18,463 
At 31 August 2023
11,921 
6,236 
1,252 
786 
20,195 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,486 
1,247 
Trade creditors
16,526 
6,834 
Taxes and social security costs
14,998 
11,194 
Other creditors
4,025 
503 
Accruals
1,040 
1,290 
41,075 
21,068 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,095 
36,821 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Loans from members
(150,040)
(95,989)
Amounts falling due within one year
(150,040)
(95,989)
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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