Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
|
|
|
| Cash at bank and in hand | 4 |
|
|
|
| 1,025 | 6,712 | |||
| Creditors: amounts falling due within one year | 5 | (
|
(
|
|
| Net current liabilities | (1,319,111) | (1,302,999) | ||
| Total assets less current liabilities | (1,319,111) | (1,302,999) | ||
| Net liabilities attributable to members | (
|
(
|
||
| Represented by | ||||
| Loans and other debts due to members within one year | ||||
| Other amounts | (1,303,000) | (1,253,977) | ||
| (1,303,000) | (1,253,977) | |||
| Members' other interests | ||||
| Other reserves | (16,111) | (49,022) | ||
| (16,111) | (49,022) | |||
| (1,319,111) | (1,302,999) | |||
| Total members' interests | ||||
| Loans and other debts due to members | (1,303,000) | (1,253,977) | ||
| Members' other interests | (16,111) | (49,022) | ||
| (1,319,111) | (1,302,999) |
Members' responsibilities:
The financial statements of Be Commercial Consultants LLP (registered number:
|
Mr B Skinner
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Be Commercial Consultants LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in Scotland. The address of the LLP's registered office is 69 St. Vincent Street, Glasgow, G2 5TF, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members note that the business has net liabilities of £1,319,110. The LLP is supported through loans from the related parties. The members have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the related parties will continue to support the LLP. After making enquiries, the members believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.
All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Other debtors |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Cash at bank and in hand |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to Group undertakings |
|
|
|
| Other creditors |
|
|
|
|
|
|
Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to Group undertakings | 0 | 526,945 |
These loans are unsecured, interest has been charged at 2.5% and have no fixed terms of repayment.