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REGISTERED NUMBER: OC301577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Clifford Dann LLP

Clifford Dann LLP (Registered number: OC301577)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Clifford Dann LLP (Registered number: OC301577)

Balance Sheet
31 March 2022

2022 2021
as restated
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 11,395
Tangible fixed assets 5 10,164 13,422
10,164 24,817

Current assets
Debtors 6 59,090 62,849
Cash at bank and in hand 27,065 24,410
86,155 87,259
Creditors
Amounts falling due within one year 7 18,509 33,701
Net current assets 67,646 53,558
Total assets less current liabilities
and
Net assets attributable to members 77,810 78,375

Clifford Dann LLP (Registered number: OC301577)

Balance Sheet - continued
31 March 2022

2022 2021
as restated
Notes £    £    £    £   
Loans and other debts due to
members

8

810

1,375

Members' other interests
Capital accounts 77,000 77,000
77,810 78,375

Total members' interests
Loans and other debts due to members 8 810 1,375
Members' other interests 77,000 77,000
Amounts due from members 6 (12,599 ) (17,101 )
65,211 61,274

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 2022.

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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 August 2022 and were signed by:



J C Groves - Designated member

Clifford Dann LLP (Registered number: OC301577)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. Statutory information

Clifford Dann LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC301577

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software was being amortised evenly over its estimated useful life of five years until it was disposed of in the 2022 financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Clifford Dann LLP (Registered number: OC301577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised in the period to which they relate.

3. Employee information

The average number of employees during the year was 6 (2021 - 6 ) .

4. Intangible fixed assets
Computer
software
£   
Cost
At 1 April 2021 18,992
Disposals (18,992 )
At 31 March 2022 -
Amortisation
At 1 April 2021 7,597
Amortisation for year 3,798
Eliminated on disposal (11,395 )
At 31 March 2022 -
Net book value
At 31 March 2022 -
At 31 March 2021 11,395

Clifford Dann LLP (Registered number: OC301577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. Tangible fixed assets
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2021 3,674 39,580 74,490 22,915 140,659
Additions - - - 490 490
At 31 March 2022 3,674 39,580 74,490 23,405 141,149
Depreciation
At 1 April 2021 2,025 36,694 67,623 20,895 127,237
Charge for year 244 816 1,717 971 3,748
At 31 March 2022 2,269 37,510 69,340 21,866 130,985
Net book value
At 31 March 2022 1,405 2,070 5,150 1,539 10,164
At 31 March 2021 1,649 2,886 6,867 2,020 13,422

6. Debtors: amounts falling due within one year
2022 2021
as restated
£    £   
Trade debtors 17,472 25,268
Other debtors 41,618 37,581
59,090 62,849

7. Creditors: amounts falling due within one year
2022 2021
as restated
£    £   
Trade creditors 8,397 10,365
Taxation and social security 2,103 6,858
Other creditors 8,009 16,478
18,509 33,701

Clifford Dann LLP (Registered number: OC301577)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. Loans and other debts due to members

Members' other interests rank after unsecured creditors, and loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. In such an event, there is no further protection afforded to creditors which is legally enforceable and cannot be revoked at will by the members.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.

9. Prior year adjustment

The account has been restated to incorporate the impact of declaring VAT on rental income when in fact no VAT was due.

The change has resulted in profits brought forward at 01 April 2021 increasing by £16,246.

Summary of the prior year accounting impact affecting opening balances:

Overdeclared output VAT due back: £16,246

Increase in rental income: £16,246

10. Off-balance sheet arrangements

At the year end, the LLP had leasing commitments amounting to £293,112 (2021: £357,000).