Camelot Insight LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC383744 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Camelot Insight LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

R W Thompson

Ms D Thompson

REGISTERED OFFICE:

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

REGISTERED NUMBER:

OC383744 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

First Floor, St Johns House

16 Church Street

Bromsgrove

Worcestershire

B61 8DN

FIXED ASSETS

Tangible assets

4

37,524

1,083

CURRENT ASSETS

Debtors

2,575

8,255

Cash at bank

20,095

22,501

22,670

30,756

CREDITORS

Amounts falling due within one year

27,329

27,331

NET CURRENT (LIABILITIES)/ASSETS

(4,659

)

3,425

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

32,865

4,508

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

32,865

4,508

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

32,865

4,508

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2021.

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 have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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.

The financial statements were approved by the members of the LLP and authorised for issue on 25 March 2022 and were signed by:

R W Thompson - Designated member

1.	STATUTORY INFORMATION

Camelot Insight 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life.

Plant and machinery etc - 33% on cost

Motor vehicles - 20% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

5,307

Additions

46,461

At 31 March 2021

51,768

DEPRECIATION

At 1 April 2020

4,224

Charge for year

10,020

At 31 March 2021

14,244

NET BOOK VALUE

At 31 March 2021

37,524

At 31 March 2020

1,083

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2021

2020

£

£

Amounts owed to members in respect of profits

32,865

4,508

Falling due within one year

32,865

4,508

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.