Registered No. OC342324 (England and Wales)
Plutus Financial LLP
Unaudited accounts
for the year ended 31 March 2021
Plutus Financial LLP
LLP Information
for the year ended 31 March 2021
Designated members
Mr Mark Croxford
Registered Number
OC342324 (England and Wales)
Registered Office
Bridewell Gate
9 Bridewell Place
London
EC4V 6AW
Plutus Financial LLP
Statement of financial position
as at
31 March 2021
Cash at bank and in hand
89,406
77,518
Net current assets
89,406
77,518
Total assets less current liabilities
89,406
77,518
Creditors: amounts falling due after more than one year
(15,000)
-
Net assets attributable to members
74,406
77,518
Loans and other debts due to members
74,406
38,655
Loans and other debts due to members
74,406
38,655
Members' other interests
-
38,863
For the year ending 31 March 2021 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 8 December 2021.
Mr Mark Croxford
Designated member
Limited Liability Partnership Registration No. OC342324
Plutus Financial LLP
Notes to the Accounts
for the year ended 31 March 2021
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.
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
33% straight line
Plutus Financial LLP is a limited liability partnership, incorporated in England and Wales, registration number OC342324. Its registered office is Bridewell Gate, 9 Bridewell Place, London, EC4V 6AW.
3
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Plutus Financial LLP
Notes to the Accounts
for the year ended 31 March 2021
4
Creditors: amounts falling due after more than one year
2021
2020
5
Loans and other debts due to members
2021
2020
Amounts due to members in respect of profits
74,406
38,655
Amounts falling due within one year
74,406
38,655
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 0 (2020: 0).