REGISTERED NUMBER: 04490823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2024

FOR

LONG & PARTNERS COMMISSIONING

CONSULTANCY LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

6,154

9,846

CURRENT ASSETS

Debtors

5

581,787

1,966,363

Cash at bank and in hand

1,468

14,826

583,255

1,981,189

CREDITORS

Amounts falling due within one year

6

312,672

981,425

NET CURRENT ASSETS

270,583

999,764

TOTAL ASSETS LESS CURRENT LIABILITIES

276,737

1,009,610

CREDITORS

Amounts falling due after more than one year

7

16,896

32,014

NET ASSETS

259,841

977,596

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

259,837

977,592

259,841

977,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:

Mr A Georgiadis - Director

1.	STATUTORY INFORMATION

Long & Partners Commissioning Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04490823

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Revenue is recognised when services are rendered to the customers. Revenue represents the fees receivable by the company.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Computer equipment - 25% at reducing balance

Fixtures and fittings - 25% at reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalent

Change in comparatives

The accounts have been prepared for a period of 18 months whereas the comparatives are for a period of 12 months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2022

and 28 February 2024

13,023

192

13,215

DEPRECIATION

At 1 September 2022

3,292

77

3,369

Charge for period

3,649

43

3,692

At 28 February 2024

6,941

120

7,061

NET BOOK VALUE

At 28 February 2024

6,082

72

6,154

At 31 August 2022

9,731

115

9,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Trade debtors

175,567

659,944

Amounts owed by group undertakings

402,904

1,249,728

Other debtors

3,316

56,691

581,787

1,966,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

84,562

687,308

Amounts owed to group undertakings

51,049

44,130

Taxation and social security

151,304

232,482

Other creditors

15,109

6,857

312,672

981,425

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2022

£

£

Bank loans

16,896

32,014

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Among other debtors less than one year is an amount of £117,131 (2022: £66,082) due from a connected company having common shareholding. This amount is provided interest free and recoverable on demand.