| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| Close Thornton LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| Close Thornton LLP |
| Close Thornton LLP (Registered number: OC343055) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Close Thornton LLP |
| General Information |
| for the Year Ended 30 September 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 140 Coniscliffe Road |
| DARLINGTON |
| Co Durham |
| DL3 7RT |
| Close Thornton LLP (Registered number: OC343055) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
- |
55,984 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
- |
55,984 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | - | 55,984 |
| Amounts due from members | 5 | (26,942 | ) | (26,942 | ) |
| (26,942 | ) | 29,042 |
| The members acknowledge their responsibilities for: |
| (a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
| Close Thornton LLP (Registered number: OC343055) |
| Balance Sheet - continued |
| 30 September 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Close Thornton LLP (Registered number: OC343055) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Close Thornton LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There were no material departures from that standard. |
| The principal accounting policies adopted in the preparation of the financial statements are set out below. |
| The trade of the LLP was transferred to Milners Solicitors on 1 October 2023, and so the LLP has now ceased to trade. As a result the financial statements are prepared on a basis other than that of a going concern. |
| 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 represents amounts chargeable to clients for professional services provided during the year excluding VAT and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable certainty. Turnover in respect of contingent fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs and collectability of the fee is assured. |
| Unbilled turnover on individual client assignments is included in accrued income within debtors. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Tangible fixed assets are measured at cost less accumulated depreciation and impairment. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account as incurred. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - |
| Close Thornton LLP (Registered number: OC343055) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Transfer to ownership | (13,932 | ) | (100,528 | ) | (114,460 | ) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Transfer to ownership | (13,932 | ) | (95,382 | ) | (109,314 | ) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts due from members | 26,942 | 26,942 |
| Accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 2-5 years |
| Other creditors |
| Close Thornton LLP (Registered number: OC343055) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to members in respect of profits | - | 55,984 |
| Falling due within one year | - | 55,984 |
| Loans and other debts due to members rank equally with other unsecured creditors. |