Registered No. OC412213 (England and Wales)
QCL Associates LLP
Unaudited accounts
for the year ended 31 March 2025
QCL Associates LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mrs Pavandeep Benning
Registered Number
OC412213 (England and Wales)
Registered Office
19 Burners Lane
Milton Keynes
MK11 3HA
United Kingdom
QCL Associates LLP
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
232,536
66,110
Creditors: amounts falling due within one year
(66,803)
(127,999)
Net current assets
214,884
108,932
Total assets less current liabilities
246,509
108,932
Creditors: amounts falling due after more than one year
(27,968)
-
Net assets attributable to members
218,541
108,932
Loans and other debts due to members
(116,512)
(127,763)
Other reserves
335,053
236,695
Loans and other debts due to members
(116,512)
(127,763)
Members' other interests
335,053
236,695
For the year ending 31 March 2025 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 1 December 2025.
Mr Richard Naylor
Designated member
Limited Liability Partnership Registration No. OC412213
QCL Associates LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
QCL Associates LLP is a limited liability partnership, incorporated in England and Wales, registration number OC412213. Its registered office is 19 Burners Lane, Milton Keynes, MK11 3HA, United Kingdom.
3
Tangible fixed assets
Motor vehicles
QCL Associates LLP
Notes to the Accounts
for the year ended 31 March 2025
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,679
51,082
Taxes and social security costs
53,124
45,189
5
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
479
-
6
Loans and other debts due to members
2025
2024
Members' capital classified as a liability
195,178
190,800
Amounts due to members in respect of profits
(311,690)
(318,563)
Amounts falling due within one year
(116,512)
(127,763)
7
Average number of employees
During the year the average number of employees was 4 (2024: 6).