REGISTERED NUMBER: OC372897 (England and Wales)

Neil Davies Architects LLP

Unaudited Financial Statements

for the Year Ended 31st March 2023

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Designated members:

Mr N G Davies

Mr C J Davies

Registered office:

32 Fairlight Avenue

Hastings

East Sussex

TN35 5HS

Registered number:

OC372897 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Tangible assets

4

14,321

12,820

Current assets

Debtors

5

233,494

159,525

Creditors

Amounts falling due within one year

6

190,379

132,552

Net current assets

43,115

26,973

Total assets less current liabilities

57,436

39,793

Creditors

Amounts falling due after more than one year

7

28,207

39,793

Net assets attributable to members

29,229

-

Loans and other debts due to members

8

29,229

-

Total members' interests

Loans and other debts due to members

8

29,229

-

Amounts due from members

5

-

(79,120

)

29,229

(79,120

)

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 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 5th September 2023 and were signed by:

Mr N G Davies - Designated member

1.	Statutory information

Neil Davies Architects 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

20% on cost

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 7 (2022 - 5 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1st April 2022

23,050

55,718

78,768

Additions

6,500

564

7,064

Disposals

-

(8,091

)

(8,091

)

At 31st March 2023

29,550

48,191

77,741

Depreciation

At 1st April 2022

15,987

49,961

65,948

Charge for year

3,391

2,172

5,563

Eliminated on disposal

-

(8,091

)

(8,091

)

At 31st March 2023

19,378

44,042

63,420

Net book value

At 31st March 2023

10,172

4,149

14,321

At 31st March 2022

7,063

5,757

12,820

5.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

43,167

39,312

Other debtors

190,327

120,213

233,494

159,525

6.

Creditors: amounts falling due within one year

2023

2022

£

£

Bank loans and overdrafts

69,225

53,999

Trade creditors

81,184

48,000

Taxation and social security

36,957

26,053

Other creditors

3,013

4,500

190,379

132,552

7.

Creditors: amounts falling due after more than one year

2023

2022

£

£

Bank loans

28,207

39,793

8.

Loans and other debts due to members

In the event of winding up the amounts included in "loans and other debts due to members" will rank equally with unsecured creditors.