Scott Reynolds Search Partners LLP - LLP accounts 20.1
Scott Reynolds Search Partners LLP - LLP accounts 20.1
| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2021 |
| FOR |
| SCOTT REYNOLDS SEARCH PARTNERS LLP |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 March 2021 |
| Page |
| General information | 1 |
| Report of the members | 2 |
| Income statement | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
| SCOTT REYNOLDS SEARCH PARTNERS LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 31 March 2021 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 41 Rodney Road |
| Cheltenham |
| Gloucestershire |
| GL50 1HX |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| REPORT OF THE MEMBERS |
| FOR THE YEAR ENDED 31 March 2021 |
| The members present their report with the financial statements of the LLP for the year ended 31 March 2021. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of recruitment consultants to the financial sector. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £484,510 (2020 - £452,862 profit). |
| MEMBERS' INTERESTS |
| ON BEHALF OF THE MEMBERS: |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 31 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| STATEMENT OF FINANCIAL POSITION |
| 31 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
340,669 |
228,082 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
340,669 |
228,082 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 340,669 | 228,082 |
| 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. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| Scott Reynolds Search Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| TANGIBLE FIXED ASSETS |
| Motor vehicles | - |
| Computer equipment | - |
| HIRE PURCHASE AND LEASING COMMITMENTS |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2021 | 2020 |
| £ | £ |
| Depreciation - owned assets |
| SCOTT REYNOLDS SEARCH PARTNERS LLP (REGISTERED NUMBER: OC348112) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 March 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2020 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 7,249 | - |
| Pension creditor | - | 256 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans - 1-2 years |
| Hire purchase contracts |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests' |