Circle Cloud Accountants & Consultants LLP

Circle Cloud Accountants & Consultants LLP
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Circle Cloud Accountants & Consultants LLP
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	2,584	3,230
		2,584	3,230
Current assets
Debtors		5,017	7,802
Cash at bank and in hand		81,457	52,113
		86,474	59,915
Creditors: amount falling due within one year		(63,539)	(37,597)
Net current assets		22,935	22,318

Total assets less current liabilities		25,519	25,548
Provisions for liabilities		(106)	(65)
Net assets		25,413	25,483

Represented by:
Amounts due from members		(31,020)	(22,220)
Members' other interest
Members' capital		47,703	25,483
Other reserves		8,730	22,220
		56,433	47,703
		25,413	25,483

Total members' interests
Amounts due from members		(31,020)	(22,220)
Members' other interests		56,433	47,703
		25,413	25,483

For the year ended 31/03/2023, the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:

.............................................................................
Thoi Van Nguyen
Designated Member
Date approved by the members: 23 December 2025

1

Circle Cloud Accountants & Consultants LLP
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

The members present their report and the unaudited financial statements of the LLP. The presentation currency is £ sterling. The LLP's main activities was to provides accounting, tax and consulting services during the year and was regulated by the AIA and CISI.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

Judgments and key sources of estimation uncertainty.

The members are of the opinion that no significant judgments were required in preparing the financial statements

Members' participation rights.

Where the LLP has reported profits, the principal designed member will decide the amounts of profits owed to members. The allocated amounts will depend on the performance that each member brought to the LLP and allocation has been agreed in accordance with the LLP Agreement.

The LLP would not distribute to members during the year if necessary after taking into account the anticipated and future cash needs of the LLP. Other amounts and benefits applied to members, for example, remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits as described above according to whether the LLP has.

Where the LLP decided to distribute profits to each member, all amounts due to members that are classified as liabilities are presented in the statement of financial position. Amounts due to members that are classified as equity are shown in the statement of financial position within other Reserves.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20 Reducing Balance
Fixtures and Fittings	20 Reducing Balance
Computer Equipment	20 Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 4).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	7,250	256	852	8,358
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 March 2025	7,250	256	852	8,358
Depreciation
At 01 April 2024	3,758	134	452	4,344
Charge for year	1,323	21	86	1,430
On disposals	-	-	-	-
At 31 March 2025	5,081	155	538	5,774
Net book values
Closing balance as at 31 March 2025	2,169	101	314	2,584
Opening balance as at 01 April 2024	2,711	126	393	3,230

2

Registered Number: OC425823
England and Wales
CIRCLE CLOUD ACCOUNTANTS & CONSULTANTS LLP

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025