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REGISTERED NUMBER: OC318704 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BCM BAYS CURRY MCCOWEN LLP

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BCM BAYS CURRY MCCOWEN LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DESIGNATED MEMBERS: A C Bays
H W McCowen
A S Wilson
M J Papps





REGISTERED OFFICE: The Old Dairy
Winchester Hill
Sutton Scotney
Winchester
Hampshire
SO21 3NZ





REGISTERED NUMBER: OC318704 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250,000 250,000
Tangible assets 5 67,337 56,546
Investments 6 4,800 4,800
322,137 311,346

CURRENT ASSETS
Debtors 7 587,508 555,108
Investments 8 34,151 35,271
Cash at bank 207,702 126,958
829,361 717,337
CREDITORS
Amounts falling due within one year 9 318,285 241,202
NET CURRENT ASSETS 511,076 476,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,213

787,481

CREDITORS
Amounts falling due after more than one
year

10

24,167

34,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS

809,046

753,314

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

BALANCE SHEET - continued
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

414,246

358,514

MEMBERS' OTHER INTERESTS
Capital accounts 394,800 394,800
809,046 753,314

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 414,246 358,514
Members' other interests 394,800 394,800
809,046 753,314

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 31st 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22nd November 2023 and were signed by:




A C Bays - Designated member




H W McCowen - Designated member


BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

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


1. STATUTORY INFORMATION

BCM Bays Curry McCowen 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.

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.
Website - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Office equipment - 25% on cost

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.

Goodwill
Goodwill was recognised at fair value in the year ended 31st March 2023. The goodwill is reviewed by the members annually and if the fair value is considered to have impaired a reduction is accounted for in the year. If the value of the goodwill remains unchanged, no adjustment is made.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2022 - 18 ) .

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 250,000
NET BOOK VALUE
At 31st March 2023 250,000
At 31st March 2022 250,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold Website fittings
£    £    £   
COST
At 1st April 2022 22,681 22,363 26,055
Additions - 4,403 -
Disposals - - -
At 31st March 2023 22,681 26,766 26,055
DEPRECIATION
At 1st April 2022 21,241 16,493 24,910
Charge for year 360 2,348 105
At 31st March 2023 21,601 18,841 25,015
NET BOOK VALUE
At 31st March 2023 1,080 7,925 1,040
At 31st March 2022 1,440 5,870 1,145

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 80,000 131,002 282,101
Additions 19,993 19,286 43,682
Disposals (4,000 ) - (4,000 )
At 31st March 2023 95,993 150,288 321,783
DEPRECIATION
At 1st April 2022 48,000 114,911 225,555
Charge for year 11,999 14,079 28,891
At 31st March 2023 59,999 128,990 254,446
NET BOOK VALUE
At 31st March 2023 35,994 21,298 67,337
At 31st March 2022 32,000 16,091 56,546

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2022
and 31st March 2023 4,800
NET BOOK VALUE
At 31st March 2023 4,800
At 31st March 2022 4,800

The fixed asset investment relates to the LLP's investment in BCM (IOW) LLP a Limited Liability Partnership in which it has a 24% interest.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 525,453 443,149
Other debtors 12,550 68,625
Prepayments and accrued income 49,505 43,334
587,508 555,108

BCM BAYS CURRY MCCOWEN LLP (REGISTERED NUMBER: OC318704)

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


8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 34,151 35,271

The current asset investment represents the LLP's current account in BCM (IOW) LLP at 31st March 2023. This includes the LLP's share of profits or losses and any expenses paid or income received between the two LLP's.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 53,366 38,889
Social security and other taxes 25,658 18,210
VAT 125,033 114,261
Accrued expenses 104,228 59,842
318,285 241,202

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,167 24,167
24,167 34,167

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

12. OTHER FINANCIAL COMMITMENTS

The LLP has future operating lease commitments of £61,559 (2022: £153,898).