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REGISTERED NUMBER: OC425338 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Morgan & Horowskyj Architects LLP

Morgan & Horowskyj Architects LLP (Registered number: OC425338)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morgan & Horowskyj Architects LLP

General Information
for the Year Ended 31 May 2023







DESIGNATED MEMBERS: S P Horowskyj
A C Carter





REGISTERED OFFICE: The School Room
Castle Street
Abergavenny
Monmouthshire
NP7 5EE





REGISTERED NUMBER: OC425338 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Park Chambers
10 Hereford Road
Abergavenny
Monmouthshire
NP7 5PR

Morgan & Horowskyj Architects LLP (Registered number: OC425338)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,265 24,185

CURRENT ASSETS
Stocks 27,396 30,351
Debtors 5 38,030 47,524
Cash at bank and in hand 36,712 39,987
102,138 117,862
CREDITORS
Amounts falling due within one year 6 33,443 49,560
NET CURRENT ASSETS 68,695 68,302
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

87,960

92,487

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

87,960

92,487

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 87,960 92,487

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 May 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.

Morgan & Horowskyj Architects LLP (Registered number: OC425338)

Balance Sheet - continued
31 May 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 26 October 2023 and were signed by:




S P Horowskyj - Designated member




A C Carter - Designated member


Morgan & Horowskyj Architects LLP (Registered number: OC425338)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Morgan & Horowskyj 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

Morgan & Horowskyj Architects LLP (Registered number: OC425338)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 47,510
DEPRECIATION
At 1 June 2022 23,325
Charge for year 4,920
At 31 May 2023 28,245
NET BOOK VALUE
At 31 May 2023 19,265
At 31 May 2022 24,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 25,003 36,665
Other debtors 13,027 10,859
38,030 47,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts - 13,267
Trade creditors 4,351 9,303
Taxation and social security 24,116 24,449
Other creditors 4,976 2,541
33,443 49,560

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind creditors. There are no restrictions on the members' ability to reduce the amount of members' other interests.