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REGISTERED NUMBER: OC314642 (England and Wales)













Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ben Hoare Bell LLP

Ben Hoare Bell LLP (Registered number: OC314642)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Ben Hoare Bell LLP

General Information
for the year ended 31 March 2023







DESIGNATED MEMBERS: R K Hardy
C McCurley
A Kelly





REGISTERED OFFICE: 19 John Street
Sunderland
Tyne & Wear
SR1 1JG





REGISTERED NUMBER: OC314642 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Ben Hoare Bell LLP (Registered number: OC314642)

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 the provision of legal services.

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

R K Hardy
C McCurley
M Harrison
T J Mytton
A Kelly

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £619,303 (2022 - £854,603 profit).

MEMBERS' INTERESTS
The LLPs policy regarding the repayment of capital to members is to retain sufficient funds so that bank borrowing to support working capital is minimised.

The members drawings policy is to agree annually a monthly withdrawal amount.

SMALL LLP PROVISIONS
This report has been prepared in accordance with the provisions available to LLPs entitled to the small LLPs exemption.

ON BEHALF OF THE MEMBERS:





R K Hardy - Designated member


15 June 2023

Ben Hoare Bell LLP (Registered number: OC314642)

Income Statement
for the year ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 3,180,536 3,344,431

Administrative expenses 2,566,302 2,491,328
614,234 853,103

Other operating income 1,500 1,500
OPERATING PROFIT 4 615,734 854,603

Interest receivable and similar income 3,762 -
619,496 854,603

Interest payable and similar expenses 193 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




619,303




854,603

Ben Hoare Bell LLP (Registered number: OC314642)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 4,624 24,681
4,624 24,681

CURRENT ASSETS
Debtors 8 1,267,306 1,347,039
Cash at bank and in hand 1,051,061 1,160,434
2,318,367 2,507,473
CREDITORS
Amounts falling due within one year 9 511,212 554,211
NET CURRENT ASSETS 1,807,155 1,953,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,811,779

1,977,943

CREDITORS
Amounts falling due after more than one
year

10

603,867

369,179
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,207,912

1,608,764

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,207,912

1,608,764

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 1,207,912 1,608,764

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.

Ben Hoare Bell LLP (Registered number: OC314642)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 June 2023 and were signed by:




R K Hardy - Designated member




A Kelly - Designated member


Ben Hoare Bell LLP (Registered number: OC314642)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Ben Hoare Bell 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 financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the members consider appropriate.

Turnover
Turnover represents amounts due in respect of legal services provided during the year, net of Value Added Tax.

Services provided to clients during the year which, at the balance sheet date, have not been invoiced to clients have been recognised as turnover in accordance with the FRS102. Turnover recognised in th is manner is based on an assessment of the fair value of services provided by the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the LLP.

Goodwill
Goodwill is fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Long leasehold - 10% on cost
Improvements to Property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis 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.

Tax provisions
Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax nor deferred tax arising in respect of the LLP's profit is included in these financial statements.

Ben Hoare Bell LLP (Registered number: OC314642)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEE INFORMATION

The average number of employees during the year was 65 (2022 - 68 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 20,057 48,308

5. INFORMATION IN RELATION TO MEMBERS
2023 2022
£    £   
The amount of profit attributable to the member with the largest entitlement was
180,560

213,981

2023 2022

The average number of members during the year was 4 5

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 73,912
AMORTISATION
At 1 April 2022
and 31 March 2023 73,912
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Ben Hoare Bell LLP (Registered number: OC314642)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. TANGIBLE FIXED ASSETS
Improvements
Short Long to
leasehold leasehold Property
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,456 14,747 59,917
DEPRECIATION
At 1 April 2022 1,444 14,747 59,888
Charge for year 12 - 29
At 31 March 2023 1,456 14,747 59,917
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 12 - 29

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 308,175 237,892 622,187
DEPRECIATION
At 1 April 2022 307,508 213,919 597,506
Charge for year 660 19,356 20,057
At 31 March 2023 308,168 233,275 617,563
NET BOOK VALUE
At 31 March 2023 7 4,617 4,624
At 31 March 2022 667 23,973 24,681

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 442,886 453,325
Debtors due under contracts 732,752 801,613
Prepayments 91,668 92,101
1,267,306 1,347,039

Ben Hoare Bell LLP (Registered number: OC314642)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation due 101,914 213,324
Social security and other taxes 189,355 146,749
Other creditors - 61,128
Former members loan accounts 179,659 104,323
Accrued expenses 40,284 28,687
511,212 554,211

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Former members loan accounts 603,867 369,179

The other creditors are unsecured former members loans, which attract interest at 4.25%.