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REGISTERED NUMBER: OC436774 (England and Wales)













REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MERIDIAN SURVEYORS LLP

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)






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




Page

General Information 1

Report of the Members 2

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


MERIDIAN SURVEYORS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: W J Ramsden
Mrs J C Ramsden
M A Boles
Mrs R J Boles





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: OC436774 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

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 surveying.

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

W J Ramsden
Mrs J C Ramsden
M A Boles
Mrs R J Boles

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £261,957 (2022 - £219,533 profit).

MEMBERS' INTERESTS
The members take drawings in accordance with the partnership agreement. The profits of the business are attributed firstly to meet the expenses and liabilities of the partnership, secondly to provide a contingency for future trading, thirdly to apply remuneration for those members engaged in the business and finally the allocation of profit between the partners as decided from time to time.

This report has been prepared in accordance with the special provisions of Part 15 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 small LLPs.

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.


MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





Mrs R J Boles - Designated member


16 November 2023

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

Period
10.4.21
Year Ended to
31.3.23 31.3.22
Notes £    £   

TURNOVER 525,025 405,431

Cost of sales (21,892 ) (17,921 )
GROSS PROFIT 503,133 387,510

Administrative expenses (240,484 ) (173,292 )
262,649 214,218

Other operating income - 6,255
OPERATING PROFIT 5 262,649 220,473

Interest receivable and similar income 39 23
262,688 220,496

Interest payable and similar expenses (731 ) (963 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




261,957




219,533

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 6 3,579 3,028

CURRENT ASSETS
Debtors 7 43,029 24,039
Cash at bank 96,692 88,691
139,721 112,730
CREDITORS
Amounts falling due within one year 8 (41,549 ) (44,741 )
NET CURRENT ASSETS 98,172 67,989
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

101,751

71,017

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

101,751

71,017

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 101,751 71,017
Amounts due from members 7 - (1,715 )
101,751 69,302

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 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 16 November 2023 and were signed by:



Mrs R J Boles - Designated member

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

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

1. STATUTORY INFORMATION

Meridian Surveyors 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

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

4. EMPLOYEE INFORMATION

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

5. OPERATING PROFIT

The operating profit is stated after charging:

Period
10.4.21
Year Ended to
31.3.23 31.3.22
£    £   
Depreciation - owned assets 1,340 913

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,322 6,857 11,470 21,649
Additions - - 2,145 2,145
Disposals (2,180 ) (3,689 ) (8,523 ) (14,392 )
At 31 March 2023 1,142 3,168 5,092 9,402
DEPRECIATION
At 1 April 2022 2,909 5,934 9,778 18,621
Charge for year 89 182 1,069 1,340
Eliminated on disposal (2,120 ) (3,495 ) (8,523 ) (14,138 )
At 31 March 2023 878 2,621 2,324 5,823
NET BOOK VALUE
At 31 March 2023 264 547 2,768 3,579
At 31 March 2022 413 923 1,692 3,028

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,210 20,180
Other debtors 2,819 3,859
43,029 24,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,272 12,054
Taxation and social security 27,246 22,528
Other creditors 11,031 10,159
41,549 44,741

MERIDIAN SURVEYORS LLP (REGISTERED NUMBER: OC436774)

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

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

This is not a loan to members, this is the current accounts of designated partners.