REGISTERED NUMBER: OC324909 (England and Wales)

CNFP LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A D Baggott

S F Herbert

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

OC324909 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Intangible assets

4

336,133

-

Tangible assets

5

783

417

Investments

6

-

373,481

336,916

373,898

CURRENT ASSETS

Debtors

7

126,993

130,670

Cash at bank

199,621

146,377

326,614

277,047

CREDITORS

Amounts falling due within one year

8

143,832

171,335

NET CURRENT ASSETS

182,782

105,712

TOTAL ASSETS LESS CURRENT LIABILITIES

519,698

479,610

CREDITORS

Amounts falling due after more than one year

9

67,021

144,669

NET ASSETS ATTRIBUTABLE TO MEMBERS

452,677

334,941

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

452,677

334,941

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

452,677

334,941

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

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.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

A D Baggott - Designated member

S F Herbert - Designated member

1.	STATUTORY INFORMATION

CNFP LLP is registered in England and Wales. The LLP's registered number is OC324909 and the registered office address and principal place of business of the LLP is Clarke Nicklin House, Brooks Drive, Cheadle Royal Business Park, Cheadle, Cheshire, SK8 3TD.

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

The principal activity of the LLP in the year under review was that of Independent Financial Advisors.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net income from services, including amounts recognised when the LLP obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to the Income Statement in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

373,481

At 31 March 2025

373,481

AMORTISATION

Charge for year

37,348

At 31 March 2025

37,348

NET BOOK VALUE

At 31 March 2025

336,133

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

6,273

Additions

704

At 31 March 2025

6,977

DEPRECIATION

At 1 April 2024

5,856

Charge for year

338

At 31 March 2025

6,194

NET BOOK VALUE

At 31 March 2025

783

At 31 March 2024

417

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

373,481

Disposals

(373,481

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

373,481

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,596

10,758

Amounts recoverable on contract

99,326

98,335

Other debtors

16,071

21,577

126,993

130,670

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,876

6,094

Taxation and social security

9,978

9,544

Other creditors

112,978

155,697

143,832

171,335

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

67,021

144,669

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and debts due to members rank below amounts payable to other creditors.

11.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to Clarke Nicklin LLP of £3,024 (2024: £3,116). The LLP's are related due to having a common member.