Advies Private Clients LLP - Period Ending 2021-03-31

Advies Private Clients LLP

Contents

Limited liability partnership information	1
Accountants' Report	2
Financial Statements	3 to 5
Profit and Loss Account	3
Balance Sheet	4
Notes to the Financial Statements	4

Advies Private Clients LLP

Limited liability partnership information

Designated members

Mr Conor Alan MacSweeney Mr James E Wills Mr Matthew Higgins

Registered office

4th Floor 70 St Mary Axe London EC3A 8BE

Accountants

Livingstones Accountants Limited Livingstones House 309 Harrow Road Wembley Middlesex HA9 6BD

Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Advies Private Clients LLP
for the Year Ended 31 March 2021

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Advies Private Clients LLP for the year ended 31 March 2021 set out on pages 3 to 5 from the limited liability partnership's accounting records and from information and explanations you have given us.

This report is made solely to the members of Advies Private Clients LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Advies Private Clients LLP and state those matters that we have agreed to state to the members of Advies Private Clients LLP, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advies Private Clients LLP and its members as a body for our work or for this report.

It is your duty to ensure that Advies Private Clients LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Advies Private Clients LLP. You consider that Advies Private Clients LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Advies Private Clients LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Livingstones Accountants Limited
Livingstones House
309 Harrow Road
Wembley
Middlesex
HA9 6BD

14 July 2021

Advies Private Clients LLP

Profit and Loss Account for the Year Ended 31 March 2021

	2021  £	2020  £
Turnover	3,439,851	2,825,630
Cost of raw materials and consumables	(121,603)	-
Staff costs	(467,762)	(411,080)
Depreciation and other amounts written off assets	(4,307)	(4,923)
Other charges	(1,311,593)	(1,118,139)
Profit for the year before members' remuneration and profit shares	1,534,586	1,291,488
Profit for the year available for discretionary division among members	1,534,586	1,291,488

Advies Private Clients LLP

(Registration number: OC319179)
Balance Sheet as at 31 March 2021

	2021  £	2020  £
Fixed assets	88,907	21,723
Current assets	464,527	200,992
Prepayments and accrued income	78,374	78,167
Creditors: Amounts falling due within one year	(46,289)	(25,467)
Net current assets	496,612	253,692
Total assets less current liabilities	585,519	275,415
Creditors: Amounts falling due after more than one year	(245,000)	-
Accruals and deferred income	(10,023)	(50,755)
Net assets attributable to members	330,496	224,660
Represented by:
Loans and other debts due to members	330,491	224,660
Members' other interests	5	-
	330,496	224,660
Total members' interests
Loans and other debts due to members	330,491	224,660
Equity	5	-
	330,496	224,660

1	General information

The place of registration of the limited liability partnership is England.

The address of the registered office is:
4th Floor
70 St Mary Axe
London
EC3A 8BE

These financial statements were authorised for issue by the Board on 14 July 2021.

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Advies Private Clients LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Advies Private Clients LLP

(Registration number: OC319179)
Balance Sheet as at 31 March 2021 (continued)

1	General information (continued)

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 14 (2020 - 14).

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the micro-entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

For the year ending 31 March 2021 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Advies Private Clients LLP (registered number OC319179) were approved by the Board and authorised for issue on 14 July 2021. They were signed on behalf of the limited liability partnership by:

......................................... Mr Conor Alan MacSweeney Designated member

......................................... Mr James E Wills Designated member

......................................... Mr Matthew Higgins Designated member