Registration number:
CD&T LLP
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024
CD&T LLP
Contents
Limited liability partnership information |
|
Financial Statements |
|
Balance Sheet |
|
Notes to the Financial Statements |
CD&T LLP
Limited liability partnership information
Designated members |
|
Registered office |
|
Accountants |
|
CD&T LLP
(Registration number: OC381670)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
1,273 |
2,698 |
|
Current assets |
|||
Debtors |
1,225,539 |
1,117,429 |
|
Cash and short-term deposits |
5,461 |
2,002 |
|
1,231,000 |
1,119,431 |
||
Creditors: Amounts falling due within one year |
- |
(1,934) |
|
Net current assets |
1,231,000 |
1,117,497 |
|
Total assets less current liabilities |
1,232,273 |
1,120,195 |
|
Creditors: Amounts falling due after more than one year |
(522,636) |
(483,558) |
|
Net assets attributable to members |
709,637 |
636,637 |
|
Represented by: |
|||
Loans and other debts due to members |
|||
Other amounts |
708,637 |
635,637 |
|
Members’ other interests |
|||
Members' capital classified as equity |
1,000 |
1,000 |
|
709,637 |
636,637 |
||
Total members' interests |
|||
Loans and other debts due to members |
708,637 |
635,637 |
|
Equity |
1,000 |
1,000 |
|
709,637 |
636,637 |
For the year ending 31 December 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
CD&T LLP
(Registration number: OC381670)
Balance Sheet as at 31 December 2024
The financial statements of CD&T LLP (registered number OC381670) were approved by the
......................................... |
CD&T LLP
Notes to the Financial Statements for the Year Ended 31 December 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The LLP is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the LLP information page.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A - small entities and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017).
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Members' remuneration and division of profits
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation or related deferred taxation are accounted for in these financial statements.
CD&T LLP
Notes to the Financial Statements for the Year Ended 31 December 2024
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
CD&T LLP
Notes to the Financial Statements for the Year Ended 31 December 2024
Tangible fixed assets |
Office equipment |
Total |
|
Cost |
||
At 1 January 2024 |
|
|
Additions |
|
|
At 31 December 2024 |
|
|
Depreciation |
||
At 1 January 2024 |
|
|
Charge for the year |
|
|
At 31 December 2024 |
|
|
Net book value |
||
At 31 December 2024 |
|
|
At 31 December 2023 |
|
|
Creditors: Amounts falling due within one year |
2024 |
2023 |
|
Accruals and deferred income |
- |
|
Creditors: Amounts falling due after more than one year |
2024 |
2023 |
|
Other creditors |
|
|
Debtors |
2024 |
2023 |
|
Other debtors |
|
|
1,225,539 |
1,117,429 |