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REGISTERED NUMBER: OC327267 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

QUINLAN TERRY ARCHITECTS LLP

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)






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




Page

General Information 1

Report of the Members 2

Balance Sheet 3

Notes to the Financial Statements 5


QUINLAN TERRY ARCHITECTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: J Q Terry
Mrs C M T Terry
R H Barrell
E N Cartwright





REGISTERED OFFICE: Old Exchange
High Street
Dedham Colchester
Essex
CO7 6HA





REGISTERED NUMBER: OC327267 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of architectural services.

DESIGNATED MEMBERS
The designated members during the year under review were:

J Q Terry
Mrs C M T Terry
R H Barrell
E N Cartwright

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £448,974 (2022 - £876,826 profit).

MEMBERS' INTERESTS
Members contribute capital and divide profits or losses in accordance with Schedule 3 of the Partnership Agreement.

No amounts of Members' interests were transferred from capital to debt during the period and up to the date of approval of these accounts.

ON BEHALF OF THE MEMBERS:





J Q Terry - Designated member


13 October 2023

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,372 183,393

CURRENT ASSETS
Debtors 5 501,499 452,590
Cash at bank 1,059,066 1,235,563
1,560,565 1,688,153
CREDITORS
Amounts falling due within one year 6 47,012 133,912
NET CURRENT ASSETS 1,513,553 1,554,241
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,695,925

1,737,634

MEMBERS' CAPITAL 1,542,728 1,584,437

MEMBERS' OTHER INTERESTS
Property capital 153,197 153,197
1,695,925 1,737,634

TOTAL MEMBERS' INTERESTS
Members' capital 1,542,728 1,584,437
Members' other interests 153,197 153,197
1,695,925 1,737,634

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.

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)

BALANCE SHEET - continued
31 MARCH 2023


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 13 October 2023 and were signed by:





J Q Terry - Designated member

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)

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

1. STATUTORY INFORMATION

Quinlan Terry 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Government grants
Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Leases
Operating lease rentals are charged to the profit and loss account in equal amounts over the lease term.

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.

Work in progress
Turnover which had not been invoiced at the balance sheet date is shown as work in progress.

Depreciation of tangible fixed assets
The freehold building and improvements are not depreciated. Depreciation is provided on the other tangible fixed assets so as to write off the cost over their expected useful lives as follows:-

Motor vehicles - 25%
Office furniture and equipment - 15 %

Taxation
The taxation payable on profits is the personal liability of the members. A retention from profits is made to fund payments of taxation on behalf of members.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2022 - 7 ) .

QUINLAN TERRY ARCHITECTS LLP (REGISTERED NUMBER: OC327267)

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

4. TANGIBLE FIXED ASSETS
Office Office
building Motor furniture
& improvements vehicles & equipment Totals
£    £    £    £   
COST
At 1 April 2022 160,483 31,602 72,850 264,935
Additions - - 3,769 3,769
At 31 March 2023 160,483 31,602 76,619 268,704
DEPRECIATION
At 1 April 2022 - 23,727 57,815 81,542
Charge for year - 1,970 2,820 4,790
At 31 March 2023 - 25,697 60,635 86,332
NET BOOK VALUE
At 31 March 2023 160,483 5,905 15,984 182,372
At 31 March 2022 160,483 7,875 15,035 183,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 192,943 370,040
Work in progress 277,000 48,600
Other debtors - loan to
charity - 20,641
Prepayments 31,556 13,309
501,499 452,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,449 5,500
Taxes - VAT, PAYE & National Insurance 35,762 113,268
Accrued expenses 7,801 15,144
47,012 133,912

7. RELATED PARTY DISCLOSURES

During the year, the LLP received repayment of the funds that had been loaned to a registered charity of which Quinlan Terry is a Trustee. The funds themselves were included in Debtors.