Company No:
Contents
DESIGNATED MEMBERS | Donna Bulmer |
Stephen Easton |
REGISTERED OFFICE | 17 Queens Lane |
Newcastle Upon Tyne | |
NE1 1RN | |
England | |
United Kingdom |
REGISTERED NUMBER | OC434759 (England and Wales) |
Note | 31.03.2023 | 31.03.2022 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 4 |
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429,784 | 483,508 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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473,317 | 336,816 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 199,291 | 84,990 | ||
Total assets less current liabilities | 629,075 | 568,498 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net assets attributable to members |
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | (75,052) | 4,371 | ||
(75,052) | 4,371 | |||
Members' other interests | ||||
Members' capital classified as equity | 673,290 | 523,290 | ||
673,290 | 523,290 | |||
598,238 | 527,661 | |||
Total members' interests | ||||
Loans and other debts due to members | (75,052) | 4,371 | ||
Members' other interests | 673,290 | 523,290 | ||
598,238 | 527,661 |
Members' responsibilities:
The financial statements of Haines Watts North East Audit LLP (registered number:
Donna Bulmer
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Haines Watts North East Audit LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 17 Queens Lane, Newcastle Upon Tyne, NE1 1RN, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of turnover can be measured reliably;
• it is probable that the LLP will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.
Revenue is recognised when a right to consideration has been obtained in exchange for performance of contractual obligations. Income is recorded at the fair value of the right to consideration, including partner time, and after deducting allowances for discounts, credit risk and other uncertainties relating to clients’ willingness to pay.
Goodwill |
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Year ended 31.03.2023 |
Period from 18.12.2020 to 31.03.2022 |
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Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
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Profits are shared among the members in accordance with agreed profit sharing arrangements.
31.03.2023 | 31.03.2022 | ||
Number | Number | ||
Average number of members during the financial year | 8 | 6 |
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2022 |
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At 31 March 2023 |
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Accumulated amortisation | |||
At 01 April 2022 |
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Charge for the financial year |
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At 31 March 2023 |
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Net book value | |||
At 31 March 2023 |
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At 31 March 2022 |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Other creditors |
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The LLP had no material capital commitments at the year ended 31 March 2023.
Transactions with owners holding a participating interest in the entity
31.03.2023 | 31.03.2022 | ||
£ | £ | ||
Interest free amounts owed to the company | 252,350 | 229,876 |