Costs Services III LLP OC427389 false 2025-04-06 2026-04-05 2026-04-05 The principal activity of the company is that of legal costs draftsman. Digita Accounts Production Advanced 6.30.9574.0 OC427389 2025-04-06 2026-04-05 OC427389 2026-04-05 OC427389 core:CurrentFinancialInstruments 2026-04-05 OC427389 core:WithinOneYear 2026-04-05 OC427389 bus:SmallEntities 2025-04-06 2026-04-05 OC427389 bus:AuditExemptWithAccountantsReport 2025-04-06 2026-04-05 OC427389 bus:FullAccounts 2025-04-06 2026-04-05 OC427389 bus:SmallCompaniesRegimeForAccounts 2025-04-06 2026-04-05 OC427389 bus:PartnerLLP1 2025-04-06 2026-04-05 OC427389 bus:LimitedLiabilityPartnershipLLP 2025-04-06 2026-04-05 OC427389 countries:AllCountries 2025-04-06 2026-04-05 OC427389 2024-04-06 2025-04-05 OC427389 2025-04-05 OC427389 core:CurrentFinancialInstruments 2025-04-05 OC427389 core:WithinOneYear 2025-04-05 iso4217:GBP xbrli:pure

Registration number: OC427389

Costs Services III LLP
Annual Report and Unaudited Financial Statements
for the Year Ended 5 April 2026

Costs Services III LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 5
Balance Sheet | 2
Notes to the Financial Statements | 4

Costs Services III LLP

Limited liability partnership information

Designated members
Zoe Markoulias
Lee Whitehead
Joseph Hope
Anna Ramli
Graeme W Wilson
Victoria Lina Yeomans
Simon Sharpe
Tabassum Hoque
Faith Cosgrove
Cindy Samantha Treble-Breame
Neil Ventre
Alexander Hurley
Ian Valentine
Louise Bastow
Registered office
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR
Accountants
Mansell & Co
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

Costs Services III LLP

(Registration number: OC427389)
Balance Sheet as at 5 April 2026

| Note | 2026 £ | 2025 £
Current assets |  |  |
Debtors | 3 | 35,961 | 36,390
Cash and short-term deposits |  | 49,614 | 57,219
|  | 85,575 | 93,609
Creditors: Amounts falling due within one year | 4 | (41,793) | (47,166)
Net assets attributable to members |  | 43,782 | 46,443
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 42,882 | 45,343
Members’ other interests |  |  |
Members' capital classified as equity |  | 900 | 1,100
|  | 43,782 | 46,443
Total members' interests |  |  |
Loans and other debts due to members |  | 42,882 | 45,343
Equity |  | 900 | 1,100
|  | 43,782 | 46,443

For the year ending 5 April 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

Costs Services III LLP

(Registration number: OC427389)
Balance Sheet as at 5 April 2026

The financial statements of Costs Services III LLP (registered number OC427389) were approved by the Board and authorised for issue on 10 August 2026. They were signed on behalf of the limited liability partnership by:

......................................... Neil Ventre Designated member

Costs Services III LLP

Notes to the Financial Statements for the Year Ended 5 April 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Costs Services III LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Costs Services III LLP

Notes to the Financial Statements for the Year Ended 5 April 2026

Taxation

The taxation payable on the partnership’s profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members’ tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2025 - 11).

3 | Debtors

| 2026 £ | 2025 £
Trade debtors | 35,961 | 36,390
Total current trade and other debtors | 35,961 | 36,390

4 | Creditors: Amounts falling due within one year

| 2026 £ | 2025 £
Other creditors | 2,472 | 2,223
Accruals and deferred income | 844 | 4,044
Taxation and social security | 38,477 | 40,899
| 41,793 | 47,166