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REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

DOUGLAS BRIGGS PARTNERSHIP LLP

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DOUGLAS BRIGGS PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2022







DESIGNATED MEMBERS: D.P. Briggs
Mrs L M A Shaw





REGISTERED OFFICE: Flint Barns
Ham Farm
Bosham
Chichester
West Sussex
PO18 8EH





REGISTERED NUMBER: OC302485 (England and Wales)





ACCOUNTANTS: Evans Weir
Chartered Accountants
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST JANUARY 2022

The members present their report with the financial statements of the LLP for the year ended 31st January 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of architecture and town planning.

DESIGNATED MEMBERS
The designated members during the year under review were:

D.P. Briggs
Mrs L M A Shaw

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £58,900 (2021 - £50,585 profit).

MEMBERS' INTERESTS
The members' shall be entitled to draw funds for their own use every month on account of their accruing share of profit of the current accounting period provided that there are sufficient funds available for that purpose in excess of sums required for current expenses.

Members' capital is subscribed to and repaid in accordance with the provisions of the LLP agreement.

There have been no transfers from members' capital to debt during the period.

ON BEHALF OF THE MEMBERS:





D.P. Briggs - Designated member


20th September 2022

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST JANUARY 2022

2022 2021
Notes £    £   

TURNOVER 255,064 252,340

Cost of sales - 1,277
GROSS PROFIT 255,064 251,063

Administrative expenses 207,398 209,420
47,666 41,643

Other operating income 11,334 10,000
OPERATING PROFIT 4 59,000 51,643


Interest payable and similar expenses 100 1,058
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




58,900




50,585

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

BALANCE SHEET
31ST JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,290 24,139

CURRENT ASSETS
Stocks 13,454 10,462
Debtors 6 44,803 36,372
Cash at bank 11,687 45,310
69,944 92,144
CREDITORS
Amounts falling due within one year 7 33,824 39,097
NET CURRENT ASSETS 36,120 53,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,410

77,186

CREDITORS
Amounts falling due after more than one
year

8

-

45,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

47,410

32,186

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

47,310

32,086

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
47,410 32,186

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 47,310 32,086
Members' other interests 100 100
47,410 32,186

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 31st January 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.

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

BALANCE SHEET - continued
31ST JANUARY 2022


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 20th September 2022 and were signed by:




D.P. Briggs - Designated member




Mrs L M A Shaw - Designated member


DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022

1. STATUTORY INFORMATION

Douglas Briggs 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on cost and Straight line over 3 years

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2021 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 14,729 1,323

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2021 118,245
Additions 1,880
At 31st January 2022 120,125
DEPRECIATION
At 1st February 2021 94,106
Charge for year 14,729
At 31st January 2022 108,835
NET BOOK VALUE
At 31st January 2022 11,290
At 31st January 2021 24,139

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2021 64,757
Transfer to ownership (64,757 )
At 31st January 2022 -
DEPRECIATION
At 1st February 2021 42,632
Transfer to ownership (42,632 )
At 31st January 2022 -
NET BOOK VALUE
At 31st January 2022 -
At 31st January 2021 22,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 39,316 32,802
Other debtors 5,487 3,570
44,803 36,372

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 2,609
Trade creditors 66 5,029
Taxation and social security 13,631 19,807
Other creditors 20,127 11,652
33,824 39,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 45,000

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up amounts due to unsecured creditors would be discharged in full before the loans and other debts due to members were repaid.

There are no restrictions or limitations in respect of the ability of members to reduce the amount of their other interest.

10. RELATED PARTY DISCLOSURES

D.P. Briggs and L.M. Shaw have provided personal guarantees in respect of bank borrowings. The maximum liability under the terms of the guarantee is £20,000.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D.P. Briggs.