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REGISTERED NUMBER: OC362978 (England and Wales)
















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR


PETER CLARKE & CO LLP



PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023





Page




Balance Sheet  

1




Notes to the Financial Statements  

3





PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



BALANCE SHEET

31 MARCH 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

289,911


222,456



Investments

5

70,515


248,301



360,426


470,757




CURRENT ASSETS

Debtors

6

297,482


302,262



Cash at bank and in hand

295,107


597,136



592,589


899,398



CREDITORS

Amounts falling due within one year

7

356,811


545,052



NET CURRENT ASSETS

235,778


354,346



TOTAL ASSETS LESS CURRENT

LIABILITIES

596,204


825,103




CREDITORS

Amounts falling due after more than

one year

8

102,238


76,485



NET ASSETS ATTRIBUTABLE TO

MEMBERS

493,966


748,618





PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



BALANCE SHEET - continued

31 MARCH 2023



2023

2022



Notes

£   

£   

£   

£   


LOANS AND OTHER DEBTS DUE TO

MEMBERS

256,011


511,118




MEMBERS' OTHER INTERESTS

Capital accounts

237,955


237,500



493,966


748,618




TOTAL MEMBERS' INTERESTS

Loans and other debts due to

members

256,011


511,118



Members' other interests

237,955


237,500



493,966


748,618




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 and Loss Account has not been delivered.  


The financial statements were approved by the members of the LLP and authorised for issue on 18 August 2023 and were signed by:






A R Clarke - Designated member



PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


1.

STATUTORY INFORMATION



Peter Clarke & Co LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:



Registered number:

OC362978



Registered office:

53 Henley Street


Stratford on Avon


Warwickshire


CV37 6PT


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 as modified by the revaluation of certain assets.      



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 or, if held under a finance lease, over the lease term, whichever is the shorter.  


Plant and machinery etc

-    

25% on cost, 25% on reducing balance and 15% on reducing balance  



Investments in associates


Investments in associate undertakings are recognised at cost.



Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.


Pension costs and other post-retirement benefits

The LLP pays employer's contributions to employees' personal pension schemes. The contributions payable are charged to the profit and loss account in the period to which they relate.

3.

EMPLOYEE INFORMATION



The average number of employees during the year was 45 (2022 - 42 ) .



PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2022

585,098




Additions

175,043




Disposals

(92,936

)



At 31 March 2023

667,205




DEPRECIATION


At 1 April 2022

362,642




Charge for year

80,295




Eliminated on disposal

(65,643

)



At 31 March 2023

377,294




NET BOOK VALUE


At 31 March 2023

289,911




At 31 March 2022

222,456





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:



Plant and


machinery


etc

£   



COST


At 1 April 2022

273,623




Additions

171,900




Transfer to ownership

(66,230

)



At 31 March 2023

379,293




DEPRECIATION


At 1 April 2022

142,053




Charge for year

60,001




Transfer to ownership

(45,274

)



At 31 March 2023

156,780




NET BOOK VALUE


At 31 March 2023

222,513




At 31 March 2022

131,570





PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023


5.

FIXED ASSET INVESTMENTS


Investment



in Peter



Clarke &



Co New


Other



Homes LLP


investments


Totals

£   

£   

£   



COST OR VALUATION


At 1 April 2022

243,817


4,484


248,301




Additions

(176,671

)

-


(176,671

)



Revaluations

-


(1,115

)

(1,115

)



At 31 March 2023

67,146


3,369


70,515




NET BOOK VALUE


At 31 March 2023

67,146


3,369


70,515




At 31 March 2022

243,817


4,484


248,301





Cost or valuation at 31 March 2023 is represented by:



Investment



in Peter



Clarke &



Co New


Other



Homes LLP


investments


Totals

£   

£   

£   



Valuation in 2021

-


(3,637

)

(3,637

)



Valuation in 2022

-


121


121




Valuation in 2023

-


(1,115

)

(1,115

)



Cost

67,146


8,000


75,146



67,146


3,369


70,515





If other investments had not been revalued they would have been included at the following historical cost:


2023

2022


£   

£   



Cost

8,000


8,000




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

195,203


197,867




Other debtors

102,279


104,395



297,482


302,262





PETER CLARKE & CO LLP (REGISTERED NUMBER: OC362978)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023


7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Bank loans and overdrafts

10,000


10,000




Hire purchase contracts

61,128


38,535




Trade creditors

77,245


112,688




Taxation and social security

108,819


114,797




Other creditors

99,619


269,032



356,811


545,052




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR


2023

2022


£   

£   



Bank loans

25,833


35,833




Hire purchase contracts

76,405


40,652



102,238


76,485




9.

SECURED DEBTS



The following secured debts are included within creditors:


2023

2022


£   

£   



Hire purchase contracts

137,533


79,187