Registered No. OC420338 (England and Wales)
Cohen Knights LLP
Unaudited accounts
for the year ended 31 March 2022
Cohen Knights LLP
LLP Information
for the year ended 31 March 2022
Designated members
Mr James Milk
Registered Number
OC420338 (England and Wales)
Registered Office
St George's Works
51 Colegate
Norwich
Norfolk
NR3 1DD
Accountants
Just Accountancy
6 Mariners Lane
Norwich
Norfolk
NR1 3AF
Cohen Knights LLP
Statement of financial position
as at
31 March 2022
Tangible assets
800
1,066
Cash at bank and in hand
120,622
77,013
Creditors: amounts falling due within one year
(51,548)
(38,659)
Net current assets
87,261
42,928
Net assets attributable to members
88,061
43,994
Loans and other debts due to members
88,061
43,994
Loans and other debts due to members
88,061
43,994
For the year ending 31 March 2022 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 14 December 2022.
Mr James Milk
Designated member
Limited Liability Partnership Registration No. OC420338
Cohen Knights LLP
Notes to the Accounts
for the year ended 31 March 2022
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' 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'.
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.
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:
Computer equipment
5 years
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 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.
Cohen Knights LLP is a limited liability partnership, incorporated in England and Wales, registration number OC420338. Its registered office is St George's Works, 51 Colegate, Norwich, Norfolk, NR3 1DD.
Cohen Knights LLP
Notes to the Accounts
for the year ended 31 March 2022
3
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
4
Creditors: amounts falling due within one year
2022
2021
Trade creditors
4,600
6,456
Taxes and social security costs
12,644
3,477
Other creditors
1,309
7,889
Deferred income
32,195
20,037
5
Loans and other debts due to members
2022
2021
Amounts due to members in respect of profits
88,061
43,994
Amounts falling due within one year
88,061
43,994
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 2 (2021: 2).