Quantum Partners (Consulting) LLP
Quantum Partners (Consulting) LLP
Registered number: OC363615
Unaudited Financial Statements
For The Year Ended
31 March 2022
The Accountancy People Manchester Limited
Quantum Partners (Consulting) LLP
Unaudited Financial Statements
For The Year Ended
31 March 2022
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Page 1
Quantum Partners (Consulting) LLP
Balance Sheet
As at
31 March 2022
Balance Sheet
Registered number:
OC363615
For the year ending 31 March 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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.
2022 | 2021 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 3 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 5 |
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NET ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
TOTAL MEMBERS' INTEREST | |||||
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Designated Member
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Quantum Partners (Consulting) LLP
Notes to the Financial Statements
For The Year Ended
31 March 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2021: 2)
3.
Debtors
2022 | 2021 | ||
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£ | £ | ||
Due within one year | |||
Other debtors |
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Due after more than one year | |||
Amounts due from members | 38,806 | 45,975 | |
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4.
Creditors: Amounts Falling Due Within One Year
2022 | 2021 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Page 3
Quantum Partners (Consulting) LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2022
5.
Creditors: Amounts Falling Due After More Than One Year
2022 | 2021 | ||
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£ | £ | ||
Bank loans |
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Other creditors (8) |
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6.
General Information
Quantum Partners (Consulting) LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC363615
. The Registered Office is Foxs Barn, Fieldgate Drive, Kingsclere, Newbury, Hampshire, RG20 5SQ.
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