Registered number
OC404109
Clayton Medical Partnership LLP
Unaudited Filleted Accounts
31 March 2025
Clayton Medical Partnership LLP
Registered number: OC404109
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 9,562 12,470
Current assets
Cash at bank and in hand 1,365 30,184
Creditors: amounts falling due within one year 4 (41,745) (39,902)
Net current liabilities (40,380) (9,718)
Total assets less current liabilities (30,818) 2,752
Creditors: amounts falling due after more than one year 5 (5,867) (15,965)
Net liabilities attributable to members (36,685) (13,213)
Represented by:
Loans and other debts due to members 6 (36,685) (13,213)
(36,685) (13,213)
Total members' interests
Loans and other debts due to members 6 (36,685) (13,213)
(36,685) (13,213)
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The 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.
These accounts were approved by the members on 28 May 2025 and signed on their behalf by:
Mr R A E Clayton
Designated member
Clayton Medical Partnership LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 7,840 79,680 87,520
Additions 1,352 - 1,352
At 31 March 2025 9,192 79,680 88,872
Depreciation
At 1 April 2024 6,006 69,044 75,050
Charge for the year 1,601 2,659 4,260
At 31 March 2025 7,607 71,703 79,310
Net book value
At 31 March 2025 1,585 7,977 9,562
At 31 March 2024 1,834 10,636 12,470
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors - 660
Other taxes and social security costs 24,309 23,324
Other creditors 6,788 5,270
41,745 39,902
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 5,867 15,965
6 Loans and other debts due to members 2025 2024
£ £
Members capital classified as debt (36,685) (13,213)
Amounts falling due within one year (36,685) (13,213)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Clayton Medical Partnership LLP is a limited liability partnership incorporated in England. Its registered office is:
1st Floor, Buckley House
31a The Hundred
Romsey
Hampshire
SO51 8GD
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