Dale, Levy & Co LLP Filleted Accounts Cover
Dale, Levy & Co LLP
Registered No. OC371779
Information for Filing with the Registrar
31 December 2022
Dale, Levy & Co LLP Balance Sheet Registrar
at
31 December 2022
Registered No.
OC371779
Notes
2022
2021
£
£
Fixed assets
Investments
4
49,704
-
49,704
-
Current assets
Debtors
5
77,597
74,654
Cash at bank and in hand
324,500
206,069
402,097
280,723
Creditors: Amounts falling due within one year
6
(153,102)
(9,629)
Net current assets
248,995
271,094
Total assets less current liabilities
298,699
271,094
Net assets attributable to members
298,699
271,094
Represented by:
Loans and other debts due to members
91,035
76,168
Members' other interests
Members' capital
1
1
Other reserves
207,663
194,925
207,664
194,926
298,699
271,094
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 December 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 28 September 2023
And signed on its behalf by designated member:
Legal Supplies UK Ltd
Designated member
28 September 2023
Dale, Levy & Co LLP Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: OC371779
Its registered office is:
8 Holyrood Street
London
SE1 2EL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Employees
2022
2021
Number
Number
The average number of persons employed during the year was:
0
0
4
Investments
Other investments
Total
£
£
Cost or revaluation
Additions
49,70449,704
At 31 December 2022
49,70449,704
Provisions and impairment
Net book values
At 31 December 2022
49,70449,704
5
Debtors
2022
2021
£
£
Trade debtors
77,59724,950
Other debtors
-49,704
77,59774,654
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
--
Other taxes and social security
28,2347,629
Other creditors
122,868-
Accruals and deferred income
2,0002,000
153,1029,629
7
Loans and other debts due to members
2022
2021
£
£
Loans from members
75,888
61,021
Amounts due to members in respect of profits
15,147
15,147
91,035
76,168
Amounts falling due within one year
91,035
-
91,035
76,168
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