Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 7 July 2025 1 April 2024 31 March 2025 31 March 2025 OC407185 Harrow Council Concilium Group Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC407185 2024-03-31 OC407185 2025-03-31 OC407185 2024-04-01 2025-03-31 OC407185 frs-core:CurrentFinancialInstruments 2025-03-31 OC407185 frs-core:Non-currentFinancialInstruments 2025-03-31 OC407185 frs-core:BetweenOneFiveYears 2025-03-31 OC407185 frs-core:FurnitureFittings 2025-03-31 OC407185 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC407185 frs-core:FurnitureFittings 2024-03-31 OC407185 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC407185 frs-core:WithinOneYear 2025-03-31 OC407185 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC407185 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC407185 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC407185 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC407185 frs-bus:Audited 2024-04-01 2025-03-31 OC407185 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC407185 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC407185 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC407185 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC407185 2023-03-31 OC407185 2024-03-31 OC407185 2023-04-01 2024-03-31 OC407185 frs-core:CurrentFinancialInstruments 2024-03-31 OC407185 frs-core:Non-currentFinancialInstruments 2024-03-31 OC407185 frs-core:BetweenOneFiveYears 2024-03-31 OC407185 frs-core:MoreThanFiveYears 2024-03-31 OC407185 frs-core:WithinOneYear 2024-03-31
Registered number: OC407185
Concilium Assets LLP
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
LLP Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
LLP Information
Designated Members Harrow Council
Concilium Group Limited
LLP Registration Number OC407185
Registered Office Kemp House
124 City Road
London
EC1V 2NX
Accountants Tungsten Wolfram Limited
CIPFA / ICAS
Stanton Court
Princes Avenue
Finchley
London
N3 2DF
Auditors                                           Lawrence & Co Chartered Accountants
                                                       Unit 205, Cervantes House
                                                       5-9 Headstone Road
                                                       Harrow
                                                       HA1 1PD
Page 1
Page 2
Statement of Financial Position
Registered number: OC407185
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,837 6,752
2,837 6,752
CURRENT ASSETS
Debtors 5 100,076 84,932
Cash at bank and in hand 1,327,878 1,148,450
1,427,954 1,233,382
Creditors: Amounts Falling Due Within One Year 6 (892,262 ) (809,200 )
NET CURRENT ASSETS (LIABILITIES) 535,692 424,182
TOTAL ASSETS LESS CURRENT LIABILITIES 538,529 430,934
Creditors: Amounts Falling Due After More Than One Year 7 (115,054 ) (153,406 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 423,475 277,528
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (257,270) (199,665)
(257,270) (199,665)
Equity
Members' other interests
Other reserves 680,745 477,193
680,745 477,193
423,475 277,528
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (257,270) (199,665)
Members' other interests 680,745 477,193
423,475 277,528
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Page 3
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
Harrow Council
Designated Member
07/07/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Concilium Assets LLP is a limited liability partnership, incorporated in England & Wales, registered number OC407185 . The Registered Office is Kemp House, 124 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from rental income.
Rental income
Turnover from rental income is recognised on a straight-line basis over the term as per the rental agreements. It is recognised net of voids. Payments are received in advance and the amounts are recorded as deferred income and included as part of payables due within one year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 3 Years Straight Line
Fixtures & Fittings 3 Years Straight Line
2.4. Financial Instruments
The limited liability partnership only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.These are measured at transaction price.
2.5. Taxation
Tax payable on the profits arising in the LLP are a personal tax liability of the members of the LLP and therefore are not included as a tax charge or provision within these financial statements.
2.6. Operating lease and lease incentive
Payments received under operating leases are recognised over the lease term on a straight- line basis. Operating lease incentives such as rent free periods are amortised over the entire lease period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 4
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 266,399
As at 31 March 2025 266,399
Depreciation
As at 1 April 2024 259,647
Provided during the period 3,915
As at 31 March 2025 263,562
Net Book Value
As at 31 March 2025 2,837
As at 1 April 2024 6,752
5. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 24,131 21,558
Other debtors 75,945 63,374
100,076 84,932
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,232 51,703
Bank loans and overdrafts 2,259 -
Amounts owed to group undertakings 743,661 617,851
Other creditors 143,110 137,766
Taxation and social security - 1,880
892,262 809,200
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 115,054 153,406
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8. Other Commitments
The LLP has future minimum lease payments under a non-cancellable operating lease for the following 5 years. The amount of annual rent payable is variable and is based on the LLP's turnover. Based on the 24/25 business plan, the total commitment is estimated to be £2.203m in nominal terms
2025 2024
£ £
Not later than one year 405,494 368,977
Later than one year and not later than five years 1,797,534 1,580,316
Later than five years - 460,854
2,203,028 2,410,147
9. Related Party Transactions
During the period, payments totalling to £27,845 (2023/24: £24,674) were made to key management personnel who were responsible for the strategic decision making and running of the LLP.
10. Audit Information
The auditor's report on the accounts of Concilium Assets LLP for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Jay Chatwani (Senior Statutory Auditor) for and on behalf of Lawrence and Co Chartered Accountants , Statutory Auditor.
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