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
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
CONSILIO PARTNERSHIP LLP
Statement of financial position
as at 31 August 2024
Tangible assets
18,463
20,195
Cash at bank and in hand
21,359
15,630
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)
Loans and other debts due to members
(150,040)
(95,989)
Members' capital classified as equity
10,525
10,525
Other reserves
122,066
80,468
Loans and other debts due to members
(150,040)
(95,989)
Members' other interests
132,591
90,993
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
CONSILIO PARTNERSHIP 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 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 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.
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.
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.
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.
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
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
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
5
Creditors: amounts falling due after more than one year
2024
2023
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).