REPORT OF THE MEMBERS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2022 |
FOR |
DOUGLAS BRIGGS PARTNERSHIP LLP |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485) |
INCOME STATEMENT |
FOR THE YEAR ENDED 31ST JANUARY 2022 |
2022 | 2021 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
47,666 | 41,643 |
Other operating income |
OPERATING PROFIT | 4 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485) |
BALANCE SHEET |
31ST JANUARY 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Plant and machinery etc | - |
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 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2022 | 2021 |
£ | £ |
Depreciation - owned assets |
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 |
Additions |
At 31st January 2022 |
DEPRECIATION |
At 1st February 2021 |
Charge for year |
At 31st January 2022 |
NET BOOK VALUE |
At 31st January 2022 |
At 31st January 2021 |
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 |
Transfer to ownership | (64,757 | ) |
At 31st January 2022 |
DEPRECIATION |
At 1st February 2021 |
Transfer to ownership | (42,632 | ) |
At 31st January 2022 |
NET BOOK VALUE |
At 31st January 2022 |
At 31st January 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
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 |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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 |