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REGISTERED NUMBER: OC367152 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BCM (IOW) LLP

BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BCM (IOW) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DESIGNATED MEMBERS: BCM Bays Curry McCowen LLP
J R W Attrill Esq
D Long Esq





REGISTERED OFFICE: The Old Dairy
Sutton Scotney
Winchester
Hampshire
SO21 3NZ





REGISTERED NUMBER: OC367152 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,922 30,574

CURRENT ASSETS
Debtors 5 148,451 92,382
Cash at bank 90,773 129,082
239,224 221,464
CREDITORS
Amounts falling due within one year 6 84,830 86,382
NET CURRENT ASSETS 154,394 135,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,316

165,656

CREDITORS
Amounts falling due after more than one
year

7

25,833

35,833
NET ASSETS ATTRIBUTABLE TO
MEMBERS

147,483

129,823

BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

127,483

109,823

MEMBERS' OTHER INTERESTS
Capital accounts 20,000 20,000
147,483 129,823

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 127,483 109,823
Members' other interests 20,000 20,000
147,483 129,823

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 4th October 2023 and were signed by:




BCM Bays Curry McCowen LLP - Designated member




J R W Attrill Esq - Designated member


BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

BCM (IOW) 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.
Fixtures and fittings - at varying rates on cost
Motor vehicles - 20% on cost
Office equipment - 25% on cost

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 - 5 ) .

BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 40,700 30,000 25,623 96,323
Additions - - 993 993
At 31st March 2023 40,700 30,000 26,616 97,316
DEPRECIATION
At 1st April 2022 22,878 23,500 19,371 65,749
Charge for year 5,591 3,000 4,054 12,645
At 31st March 2023 28,469 26,500 23,425 78,394
NET BOOK VALUE
At 31st March 2023 12,231 3,500 3,191 18,922
At 31st March 2022 17,822 6,500 6,252 30,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,084 74,400
Prepayments 9,367 17,982
148,451 92,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,831 22,032
Social security and other taxes 4,333 5,047
VAT 32,839 28,628
Other creditors 2,057 2,057
Accrued expenses 12,770 18,618
84,830 86,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 15,833 25,833
25,833 35,833

BCM (IOW) LLP (REGISTERED NUMBER: OC367152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

9. OTHER FINANCIAL COMMITMENTS

The LLP has future operating lease commitments of £54,450 (2022: £62,500).