HERBERT SMITH FREEHILLS CIS LLP

• ⚠

  Material uncertainty over going concern

  The LLP has ceased its trade and it is the intention of the Designated Members that the LLP will become dormant for the foreseeable future. Accordingly, the going concern basis of accounting is not appropriate and the financial statements have been prepared on a basis other than the going concern basis. The immediate parent undertaking, Herbert Smith Freehills Kramer LLP (formerly Herbert Smith Freehills LLP), has committed to providing funding to the LLP as necessary, to allow the LLP to meet its future financial obligations. There are no plans to liquidate the LLP for the foreseeable future.

1. HERBERT SMITH FREEHILLS CIS LLP 2012-10-01 → present
2. HERBERT SMITH CIS LLP 2005-01-29 → 2012-10-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The LLP has ceased its trade and it is the intention of the Designated Members that the LLP will become dormant for the foreseeable future. Accordingly, the going concern basis of accounting is not appropriate and the financial statements have been prepared on a basis other than the going concern basis. The immediate parent undertaking, Herbert Smith Freehills Kramer LLP (formerly Herbert Smith Freehills LLP), has committed to providing funding to the LLP as necessary, to allow the LLP to meet its future financial obligations. There are no plans to liquidate the LLP for the foreseeable future.”

Significant events

• “The LLP has ceased its trade and it is the intention of the Designated Members that the LLP will become dormant for the foreseeable future. Accordingly, the going concern basis of accounting is not appropriate and the financial statements have been prepared on a basis other than the going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -80.4%

  £1,544,848 → £302,446

• Net assets

  +131.4%

  -£1,007,413 → £316,531

• Employees

  0%

  1 → 1

• Operating profit

  +136.1%

  -£1,097,109 → £396,590

• Profit before tax

  +148.4%

  -£1,097,850 → £531,505

• Wages

  -66.7%

  £11,119 → £3,706

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers