Counterculture Partnership LLP,Ltd - AccountsLLP- Accounts
Counterculture Partnership LLP,Ltd - AccountsLLP- Accounts
| Registered Number:OC370322 |
For the year ended 31 March 2023
England and Wales
Report of the Members and Unaudited Financial Statements
2
| Registered Number : |
| As at |
Counterculture Partnership LLP
Statement of Financial Position
2022
| £ |
| £ |
2023
| Notes |
| Fixed assets |
| Property, plant and equipment |
4
| Investments |
5
| Current assets |
| Inventories |
-
| Trade and other receivables |
6
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(741,277 )
(959,374 )
7
329,888
Net current assets
| Total assets less current liabilities |
| Trade and other payables: amounts falling due after more |
| than one year |
(50,000 )
(77,500 )
8
Net assets attributable to members
| Represented by: |
| Loans and other debts due to members |
154,383
135,000
9
| Members' other interests |
| Other reserves |
73,370
182,096
73,370
182,096
| Total members' interests |
| Loans and other debts due to members |
154,383
135,000
9
| Members' other interests |
73,370
182,096
227,753
317,096
| (b) preparing financial statements which give a true and fair view of the state of affair of the LLP as at the end of each |
| financial year and of its profit or loss for each 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 |
| Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the |
| financial statements, so far as applicable to the LLP |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
3
| Registered Number : |
For the year ended 31 March 2023
Counterculture Partnership LLP
Statement of Financial Position Continued
These financial statements were approved by the members on 21 December 2023 and signed on their behalf by:
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4
For the year ended 31 March 2023
Counterculture Partnership LLP
Notes to the Financial Statements
| 1. Accounting policies |
Statutory Information
| Counterculture Partnership LLP is a limited liability partnership, domiciled in England and Wales, registration number |
| OC370322. |
| Registered address: |
Unit 115, Ducie House
37 Ducie Street
Manchester
M1 2JW
| The presentation currency is £ sterling. |
Basis of preparation
| The report and financial statements for the year ended 31 March 2023 have been prepared under the historical cost |
| convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting |
| Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by |
| Limited Liability Partnerships". |
Turnover
Taxation
| Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these |
| financial statements. |
Depreciation of tangible fixed assets
Plant and machinery
| 2. Interest payable and similar charges |
2023
2022
| £ |
| £ |
| Interest payable on bank borrowing |
2,981
-
| Other similar charges payable |
9,200
9,200
12,181
9,200
| 3. Information in relation to members |
2023
2022
| £ |
| £ |
| Members' remuneration: |
| Non-discretionary division of profits |
1,687,927
1,235,088
| Total remuneration |
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5
For the year ended 31 March 2023
Counterculture Partnership LLP
Notes to the Financial Statements Continued
| 4. Property, plant and equipment |
| Total |
| Plant and |
| machinery |
| Land and |
| buildings |
| £ |
| £ |
| £ |
| Cost or |
| valuation |
| At 01 April 2022 |
| Additions |
| At 31 March 2023 |
| Provision for depreciation and impairment |
| At 01 April 2022 |
Charge for year
| At 31 March 2023 |
| At 31 March 2023 |
| Net book value |
| At 31 March 2022 |
| 5. Investments held as fixed assets |
| Other |
| investments - |
| unlisted |
19,719
| At 01 April 2022 |
| Total |
| Cost |
| £ |
| £ |
(17,591 )
(17,591)
Disposals
| At 31 March 2023 |
2,128
| Net book value |
| At 01 April 2022 |
| At 31 March 2023 |
2,128
19,719
| 6. Trade and other receivables |
2023
2022
| £ |
| £ |
| Trade debtors |
| Prepayments & accrued income |
| Other debtors |
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6
For the year ended 31 March 2023
Counterculture Partnership LLP
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due within one year |
2022
2023
| £ |
| £ |
| Bank loans and overdraft |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. Trade and other payables: amounts falling due after more than one year |
2023
2022
| £ |
| £ |
| Bank loans and overdraft |
| Other creditors |
| 9. Loans and other debts due to members |
2022
2023
| £ |
| £ |
| Loans from members |
154,383
135,000
154,383
135,000
| 10. Average number of persons employed |
During the year the average number of employees was 14 (2022 : 15 )
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