| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Cisco And Pancho LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Cisco And Pancho LLP |
| Cisco And Pancho LLP (Registered number: SO305534) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2024 |
| Page |
| General Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Cisco And Pancho LLP |
| General Information |
| for the Year Ended 30 November 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3 Holmwood Park |
| Crossford |
| Lanarkshire |
| ML8 5SZ |
| Cisco And Pancho LLP (Registered number: SO305534) |
| Statement of Financial Position |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,398 |
395,127 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 1,398 | 395,127 |
| 1,398 | 395,127 |
| TOTAL MEMBERS' INTERESTS |
| Members' other interests | 1,398 | 395,127 |
| 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. |
| Cisco And Pancho LLP (Registered number: SO305534) |
| Statement of Financial Position - continued |
| 30 November 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Cisco And Pancho LLP (Registered number: SO305534) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Cisco And Pancho LLP is registered in Scotland. 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 |
| Significant judgements and estimates |
| Significant judgement is required when considering the carrying value of fixed asset investments in the form of other loans. The partners have assessed the recoverability of these loans and consider them not to be recoverable. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| loans |
| £ |
| At 1 December 2023 |
| Other movement | ( |
) |
| At 30 November 2024 |
| The partners consider that as at 30 November 2024, the other loans held as fixed asset investments were no longer recoverable and thus a provision for impairment has been recognised in the accounts. |