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REGISTERED NUMBER: OC337622 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP

D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC337622)

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










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 4


D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC337622)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,271 14,921

CURRENT ASSETS
Debtors 6 118,361 133,495
Cash at bank 99,029 130,185
217,390 263,680
CREDITORS
Amounts falling due within one year 7 177,519 238,601
NET CURRENT ASSETS 39,871 25,079
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

51,142

40,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

11,142

-

MEMBERS' OTHER INTERESTS
Capital accounts 40,000 40,000
51,142 40,000

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 11,142 -
Members' other interests 40,000 40,000
Amounts due from members 6 (20,713 ) (105,631 )
30,429 (65,631 )

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.

D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC337622)

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 8 November 2023 and were signed by:




Mr L A S Dunn - Designated member




Mr D T M Cowan - Designated member


D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC337622)

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


1. STATUTORY INFORMATION

DC Solicitors Limited Liability Partnership is registered in England and Wales. The LLP's registered number is OC337622. The registered office address and business trading address is 21 Carlton Crescent, Southampton, England SO15 2ET.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2022 - 6 ) .

D C SOLICITORS LIMITED LIABILITY
PARTNERSHIP (REGISTERED NUMBER: OC337622)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,472 76,690 78,162
DEPRECIATION
At 1 April 2022 670 62,571 63,241
Charge for year 120 3,530 3,650
At 31 March 2023 790 66,101 66,891
NET BOOK VALUE
At 31 March 2023 682 10,589 11,271
At 31 March 2022 802 14,119 14,921

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,399 23,952
Other debtors 22,962 109,543
118,361 133,495

Included in other debtors is £2,249 (2022: £3,912) in relation to prepayments and accrued income.

Included in other debtors is £20,713 (2022: £105,631) in relation to amounts due from members.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 110 593
Taxation and social security 68,574 9,419
Other creditors 108,835 228,589
177,519 238,601

Included in other creditors is £36,076 (2022: £6,485) in relation to accruals and deferred income.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 11,142 -

Falling due within one year 11,142 -

Members' loans and other debts rank pari passu with unsecured creditors in the event of a winding up.