Clayton Medical Partnership LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC404109 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CLAYTON MEDICAL PARTNERSHIP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr R A E Clayton

Mrs G S Clayton

REGISTERED OFFICE:

28a The Hundred

Romsey

Hampshire

SO51 8BW

REGISTERED NUMBER:

OC404109 (England and Wales)

ACCOUNTANTS:

Kumar Associates

Chartered Certified Accountants

28a The Hundred

Romsey

Hampshire

SO51 8BW

FIXED ASSETS

Tangible assets

4

17,432

20,910

CURRENT ASSETS

Debtors

5

12,910

20,420

Cash at bank

39,861

41,510

52,771

61,930

CREDITORS

Amounts falling due within one year

6

36,151

37,757

NET CURRENT ASSETS

16,620

24,173

TOTAL ASSETS LESS CURRENT LIABILITIES

34,052

45,083

CREDITORS

Amounts falling due after more than one year

7

25,811

35,416

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,241

9,667

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

8,241

9,667

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

8,241

9,667

Amounts due from members

5

(12,524

)

(20,034

)

(4,283

)

(10,367

)

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 2023.

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.

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 27 April 2023 and were signed by:

Mr R A E Clayton - Designated member

1.	STATUTORY INFORMATION

Clayton Medical Partnership 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 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

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

84,779

Additions

2,333

At 31 March 2023

87,112

DEPRECIATION

At 1 April 2022

63,869

Charge for year

5,811

At 31 March 2023

69,680

NET BOOK VALUE

At 31 March 2023

17,432

At 31 March 2022

20,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

386

386

Amounts due from members

12,524

20,034

12,910

20,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts (see note 8)

10,648

10,648

Hire purchase contracts

160

541

Trade creditors

1,159

1,161

Taxation and social security

20,124

22,407

Other creditors

4,060

3,000

36,151

37,757

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans (see note 8)

25,811

35,416

8.

LOANS

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

10,648

10,648

Amounts falling due between two and five years:

Bank loans - 2-5 years

25,811

35,416

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members would rank in the same order as debts due to other creditors.