Counterculture Partnership LLP,Ltd - AccountsLLP- Accounts
Counterculture Partnership LLP,Ltd - AccountsLLP- Accounts
| Registered Number:OC370322 |
For the year ended 31 March 2020
England and Wales
Report of the Members and Unaudited Financial Statements
2
| Registered Number : |
| As at |
Counterculture Partnership LLP
Statement of Financial Position
2019
| £ |
| £ |
2020
| Notes |
| Fixed assets |
| Property, plant and equipment |
4
| Current assets |
| Trade and other receivables |
5
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(311,712 )
(442,111 )
6
235,795
Net current assets
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(10,000 )
(30,000 )
7
Net assets attributable to members
| Represented by: |
| Loans and other debts due to members |
155,000
125,000
8
| Members' other interests |
| Other reserves |
47,886
106,677
47,886
106,677
| Total members' interests |
| Loans and other debts due to members |
155,000
125,000
8
| Members' other interests |
47,886
106,677
202,886
231,677
| (b) preparing financial statements which give a true and fair view of the state of affair of the LLP as at the end of each |
| financial year and of its profit or loss for each 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 |
| Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the |
| financial statements, so far as applicable to the LLP |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
3
| Registered Number : |
For the year ended 31 March 2020
Counterculture Partnership LLP
Statement of Financial Position Continued
These financial statements were approved by the members on 21 December 2020 and signed on their behalf by:
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For the year ended 31 March 2020
Counterculture Partnership LLP
Notes to the Financial Statements
| 1. Accounting policies |
Statutory Information
| Counterculture Partnership LLP is a limited liability partnership, domiciled in England and Wales, registration number |
| OC370322. |
| Registered address: |
Unit Nh.204 E1 Business Studio
7 Whitechapel Road
London
E1 1DU
| The presentation currency is £ sterling. |
Basis of preparation
| The report and financial statements for the year ended 31 March 2020 have been prepared under the historical cost |
| convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting |
| Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by |
| Limited Liability Partnerships". |
Turnover
Taxation
| Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these |
| financial statements. |
Depreciation of tangible fixed assets
Plant and machinery
| 2. Interest payable and similar charges |
2020
2019
| £ |
| £ |
| Other similar charges payable |
14,661
11,064
| 3. Information in relation to members |
2020
2019
| £ |
| £ |
| Members' remuneration: |
| Non-discretionary division of profits |
713,979
737,768
| Total remuneration |
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For the year ended 31 March 2020
Counterculture Partnership LLP
Notes to the Financial Statements Continued
| 4. Property, plant and equipment |
| Plant and |
| machinery |
| £ |
| Cost or |
| valuation |
| At 01 April 2019 |
| Additions |
| At 31 March 2020 |
| Provision for depreciation and impairment |
| At 01 April 2019 |
Charge for year
| At 31 March 2020 |
| At 31 March 2020 |
| Net book value |
| At 31 March 2019 |
| 5. Trade and other receivables |
2020
2019
| £ |
| £ |
| Trade debtors |
| Prepayments & accrued income |
| Other debtors |
| 6. Trade and other payables: amounts falling due within one year |
2019
2020
| £ |
| £ |
| Bank loans and overdraft |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. Trade and other payables: amounts falling due after more than one year |
2020
2019
| £ |
| £ |
| Other creditors |
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For the year ended 31 March 2020
Counterculture Partnership LLP
Notes to the Financial Statements Continued
| 8. Loans and other debts due to members |
2019
2020
| £ |
| £ |
| Loans from members |
155,000
125,000
155,000
125,000
| 9. Average number of persons employed |
During the year the average number of employees was 15 (2019 : 12 )
| 10. Related party transactions |
| During the year the LLP purchased services totalling £100,893 (2019 £87,629) from Astute Business Consultancy |
| Ltd, a company controlled by AM Wells. |
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