REGISTERED NUMBER: |
Financial Statements For The Year Ended 31 December 2021 |
for |
Mellersh & Harding Building Consultancy |
LLP |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 31 December 2021 |
for |
Mellersh & Harding Building Consultancy |
LLP |
Mellersh & Harding Building Consultancy |
LLP (Registered number: OC327059) |
Contents of the Financial Statements |
For The Year Ended 31 December 2021 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Mellersh & Harding Building Consultancy |
LLP |
General Information |
For The Year Ended 31 December 2021 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Mellersh & Harding Building Consultancy |
LLP (Registered number: OC327059) |
Statement of Financial Position |
31 December 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
903,000 |
2,114,813 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
903,000 |
2,114,813 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 903,000 | 2,114,813 |
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 |
Mellersh & Harding Building Consultancy |
LLP (Registered number: OC327059) |
Notes to the Financial Statements |
For The Year Ended 31 December 2021 |
1. | STATUTORY INFORMATION |
Mellersh & Harding Building Consultancy LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents the amounts recoverable for services provided to clients under contractual obligations that are performed over time. If completion of contractual obligations is dependent upon external factors then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Statement of Financial Position date are carried forward as work in progress. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Work in progress is valued by assessing stage of completion against milestones and measurement criteria as the contract progresses. |
Financial instruments |
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contact is entered into and are subsequently re-measured at their fair value. Changes in fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Statement of Financial Position statement of financial positiondate. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Leases |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Mellersh & Harding Building Consultancy |
LLP (Registered number: OC327059) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2021 |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2021 |
Additions |
At 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 137,461 | 398,846 |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Within one year |
Between one and five years |
Mellersh & Harding Building Consultancy |
LLP (Registered number: OC327059) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2021 |
8. | SECURED DEBTS |
Wilmington Trust, National Association holds a fixed and floating charge over the assets of the LLP. |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2021 | 2020 |
£ | £ |
Amounts owed to members in respect of profits | 903,000 | 2,114,813 |
Falling due within one year | 903,000 | 2,114,813 |
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | CONTINGENT LIABILITIES |
The LLP has granted security against its assets by way of a Debenture in respect of the borrowings of its ultimate parent company, Chartwell Cumming Holding Corporation. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Chartwell Parent Inc, which is registered in the US. Its registered office is Corporation Trust Centre, 1209 Orange Street, Wilmington, Delaware, DE, 19801. |