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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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FOR |
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SQUARE HOUSE (CONSULTANCY) LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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FOR |
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SQUARE HOUSE (CONSULTANCY) LLP |
SQUARE HOUSE (CONSULTANCY) LLP (REGISTERED NUMBER: OC420605) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SQUARE HOUSE (CONSULTANCY) LLP |
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GENERAL INFORMATION |
FOR THE PERIOD 11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
SQUARE HOUSE (CONSULTANCY) LLP (REGISTERED NUMBER: OC420605) |
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BALANCE SHEET |
31ST JANUARY 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
53,389 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
8 |
53,389 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 53,389 |
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The members acknowledge their responsibilities for: |
(a) |
ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
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The financial statements were approved by the members of the LLP on
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SQUARE HOUSE (CONSULTANCY) LLP (REGISTERED NUMBER: OC420605) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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1. | STATUTORY INFORMATION |
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Square House (Consultancy) LLP is registered in England and Wales. The LLP's registered number and |
registered office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in Sterling (£) and rounded to the nearest pound (£). |
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The financial statements relate to Square House (Consultancy) LLP as an individual entity. |
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Turnover |
Revenue represents the value of consultancy services supplied, excluding value added tax. Sales are recognised |
when the work is done. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Computer equipment | - |
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Tangible fixed assets are included at cost less depreciation and impairment. |
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The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if |
appropriate. |
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Financial instruments |
Financial instruments are recognised in line with Sections 11 and 12 of FRS 102. |
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Basic financial instruments, such as bank and cash, loans, trade receivables and payables are initially recognised |
at transaction price, unless they constitute a financing arrangement, when the transaction is measured at the |
present value of the future receipts/payments discounted at a market rate of interest. Such assets are |
subsequently carried at amortised cost using the effective interest rate method. |
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Drawings, members' interests and members' remuneration |
During the year members may receive drawings. The drawings represent payments on account and are |
reclaimable from the members until profits have been allocated. Any over distribution of drawings during the |
period is also receivable from the members. |
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Capital Contributions are allocated pro rata to Members' Capital Accounts in accordance with of the Members' |
Agreement or such other amount as agreed. |
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Members' Capital Contributions can be repaid only with agreement of the Members. |
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Profits are allocated to Members in accordance with the Members' Agreement. |
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Taxation |
Members are personally liable for taxation on their share of the LLP profits. Consequently no reserve for taxation |
is made in these financial statements. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was NIL. |
SQUARE HOUSE (CONSULTANCY) LLP (REGISTERED NUMBER: OC420605) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
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At 31st January 2019 |
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AMORTISATION |
Charge for period |
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At 31st January 2019 |
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NET BOOK VALUE |
At 31st January 2019 |
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5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
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At 31st January 2019 |
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DEPRECIATION |
Charge for period |
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At 31st January 2019 |
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NET BOOK VALUE |
At 31st January 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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SQUARE HOUSE (CONSULTANCY) LLP (REGISTERED NUMBER: OC420605) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 11TH JANUARY 2018 TO 31ST JANUARY 2019 |
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8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
£ |
Amounts owed to members in respect of profits | 53,389 |
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Falling due within one year | 53,389 |
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Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a |
winding up. |
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There is no provision for specific legally enforceable protection afforded to creditors in such an event. |
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There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other |
interests'. |