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REGISTERED NUMBER: OC419551 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Surrey Property Lawyers LLP

Surrey Property Lawyers LLP (Registered number: OC419551)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Surrey Property Lawyers LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Ms C H Fewings
Miss A J Tate





REGISTERED OFFICE: Suite 2 Victoria House
South Street
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: OC419551 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Surrey Property Lawyers LLP (Registered number: OC419551)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 394 865

CURRENT ASSETS
Stocks 6,710 6,710
Debtors 5 12,571 10,931
Cash at bank and in hand 6 162,719 3,125,334
182,000 3,142,975
CREDITORS
Amounts falling due within one year 7 14,190 3,080,821
NET CURRENT ASSETS 167,810 62,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,204

63,019

CREDITORS
Amounts falling due after more than one
year

8

7,972

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

160,232

63,019

LOANS AND OTHER DEBTS DUE TO
MEMBERS

160,232

63,019

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 160,232 63,019

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 2023.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 August 2023 and were signed by:




Ms C H Fewings - Designated member

Surrey Property Lawyers LLP (Registered number: OC419551)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Surrey Property Lawyers 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.
Plant and machinery etc - 25% on cost

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
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 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 6,290
DEPRECIATION
At 1 April 2022 5,425
Charge for year 471
At 31 March 2023 5,896
NET BOOK VALUE
At 31 March 2023 394
At 31 March 2022 865

Surrey Property Lawyers LLP (Registered number: OC419551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,839 6,322
Other debtors 6,732 4,609
12,571 10,931

6. CASH AT BANK AND IN HAND
31.3.23 31.3.22
£    £   
Bank account 8,731 7,491
Bank account 73,315 37,071
Client monies - 3,065,513
Bank account no. 4 80,651 15,156
Cash in hand 22 103
162,719 3,125,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Client monies - 3,065,513
Taxation and social security 10,874 10,938
Other creditors 3,316 4,370
14,190 3,080,821

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,972 -