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REGISTERED NUMBER: OC334452 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Darwin Gray LLP

Accountants' Report to the Members
on the Unaudited Financial Statements of
Darwin Gray LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Darwin Gray LLP for the year ended 31 March 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Darwin Gray LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Darwin Gray LLP and state those matters that we have agreed to state to the members of Darwin Gray LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Darwin Gray LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Darwin Gray LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Darwin Gray LLP. You consider that Darwin Gray LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Darwin Gray LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited


29 September 2023

Darwin Gray LLP (Registered number: OC334452)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,894 182,110
Investments 5 3 3
163,897 182,113

CURRENT ASSETS
Debtors 6 1,259,810 1,675,715
Cash at bank and in hand 420,960 17,688
1,680,770 1,693,403
CREDITORS
Amounts falling due within one year 7 564,325 949,873
NET CURRENT ASSETS 1,116,445 743,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,280,342

925,643

CREDITORS
Amounts falling due after more than
one year

8

120,939

173,621
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,159,403

752,022

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,159,403

752,022

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

1,159,403

752,022

Darwin Gray LLP (Registered number: OC334452)

Balance Sheet - continued
31 March 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 September 2023 and were signed by:





D J Phillips - Designated member

Darwin Gray LLP (Registered number: OC334452)

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


1. STATUTORY INFORMATION

Darwin Gray LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC334452

Registered office: 9 Cathedral Road
Cardiff
CF11 9HA

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.
Improvements to property - 10% straight line
Plant and machinery - 15% straight line
Fixtures and fittings - 25% straight line and 20% straight line

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 23 (2022 - 25 ) .

Darwin Gray LLP (Registered number: OC334452)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 109,454 124,781 104,867 339,102
Additions 9,080 12,806 6,426 28,312
Disposals - (500 ) (64,328 ) (64,828 )
At 31 March 2023 118,534 137,087 46,965 302,586
DEPRECIATION
At 1 April 2022 10,945 71,969 74,078 156,992
Charge for year 11,854 28,062 6,612 46,528
Eliminated on disposal - (500 ) (64,328 ) (64,828 )
At 31 March 2023 22,799 99,531 16,362 138,692
NET BOOK VALUE
At 31 March 2023 95,735 37,556 30,603 163,894
At 31 March 2022 98,509 52,812 30,789 182,110

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 3
NET BOOK VALUE
At 31 March 2023 3
At 31 March 2022 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 484,361 567,153
Amounts recoverable
on contracts 623,883 1,057,336
Other debtors & prepayments 151,566 51,226
1,259,810 1,675,715

Darwin Gray LLP (Registered number: OC334452)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan and overdraft 164,583 411,886
Hire purchase contracts 2,691 2,568
Trade creditors 45,039 39,997
Taxation and social security 159,817 105,508
Other creditors & accruals 192,195 389,914
564,325 949,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loan 116,667 166,667
Hire purchase contracts 4,272 6,954
120,939 173,621

9. SECURED DEBTS

The bank loans are secured over the LLP's whole assets and undertaking.

The hire purchase contracts are secured over the assets concerned.

10. OTHER FINANCIAL COMMITMENTS

The company had total financial commitments of £204,438 at the balance sheet date (2022 - £173,910).