Registered No. OC335886 (England and Wales)
Cound & Co Limited Liability Partnership
Unaudited accounts
for the year ended 31 March 2023
Cound & Co Limited Liability Partnership
LLP Information
for the year ended 31 March 2023
Designated members
Chase Mayne Accountancy Services Ltd
Registered Number
OC335886 (England and Wales)
Registered Office
1 Princes Court
Royal Way
Loughborough
LE11 5XR
Cound & Co Limited Liability Partnership
Statement of financial position
as at 31 March 2023
Tangible assets
2,265
2,933
Cash at bank and in hand
228,797
242,431
Creditors: amounts falling due within one year
(111,517)
(94,256)
Net current assets
397,238
351,768
Net assets attributable to members
399,503
354,701
Loans and other debts due to members
399,503
354,701
Loans and other debts due to members
399,503
354,701
For the year ending 31 March 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 24 May 2023.
Robert Gradon & Co Ltd
Designated member
Limited Liability Partnership Registration No. OC335886
Cound & Co Limited Liability Partnership
Notes to the Accounts
for the year ended 31 March 2023
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% per annum of NBV
Stocks and work-in-progress are valued at the lower of cost and net realisable value.
Cound & Co Limited Liability Partnership is a limited liability partnership, incorporated in England and Wales, registration number OC335886. Its registered office is 1 Princes Court, Royal Way, Loughborough, LE11 5XR.
3
Tangible fixed assets
Fixtures & fittings
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
21,175
28,998
Taxes and social security costs
73,484
58,470
Other creditors
16,858
6,788
Cound & Co Limited Liability Partnership
Notes to the Accounts
for the year ended 31 March 2023
5
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
399,503
354,701
Amounts falling due within one year
399,503
354,701
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 11 (2022: 11).