Registered No. OC300938 (England and Wales)
Cardiff Financial Partnership LLP
Unaudited accounts
for the year ended 31 January 2026
Cardiff Financial Partnership LLP
LLP Information
for the year ended 31 January 2026
Designated members
Mrs Fiona Jane Sinclair
Registered Number
OC300938 (England and Wales)
Registered Office
156
Redlands Road
Penarth
Glamorgan
CF64 2QR
Wales
Cardiff Financial Partnership LLP
Statement of financial position
as at 31 January 2026
Cash at bank and in hand
1,099
2,651
Creditors: amounts falling due within one year
(756)
1,560
Net current assets
20,829
22,546
Net assets attributable to members
20,829
22,549
Loans and other debts due to members
(104,899)
(92,085)
Members' capital classified as equity
(50,902)
(50,902)
Other reserves
176,630
165,536
Loans and other debts due to members
(104,899)
(92,085)
Members' other interests
125,728
114,634
For the year ending 31 January 2026 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 23 October 2026.
Mr William Sinclair
Designated member
Limited Liability Partnership Registration No. OC300938
Cardiff Financial Partnership LLP
Notes to the Accounts
for the year ended 31 January 2026
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.
The accounts are presented in £ sterling.
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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
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.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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:
Plant & machinery
25% Reducing Balance
Cardiff Financial Partnership LLP is a limited liability partnership, incorporated in England and Wales, registration number OC300938. Its registered office is 156, Redlands Road, Penarth, Glamorgan, CF64 2QR, Wales.
Cardiff Financial Partnership LLP
Notes to the Accounts
for the year ended 31 January 2026
3
Tangible fixed assets
Plant & machinery
4
Creditors: amounts falling due within one year
2026
2025
5
Loans and other debts due to members
2026
2025
Amounts due to members in respect of profits
(104,899)
(92,085)
Amounts falling due within one year
(104,899)
(92,085)
6
Average number of employees
During the year the average number of employees was 0 (2025: 0).