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REGISTERED NUMBER: OC336029 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

GOTCH, SAUNDERS & SURRIDGE LLP

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOTCH, SAUNDERS & SURRIDGE LLP

GENERAL INFORMATION
For The Year Ended 30 June 2023







DESIGNATED MEMBERS: I S Bray
J D Hunter
T G Lyons
C Chapman





REGISTERED OFFICE: 35 Headlands
Kettering
Northamptonshire
NN15 7ES





REGISTERED NUMBER: OC336029 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 731,197 679,587

CURRENT ASSETS
Debtors 5 1,686,035 1,332,800
Cash at bank and in hand 1,025,167 806,967
2,711,202 2,139,767
CREDITORS
Amounts falling due within one year 6 1,053,100 743,097
NET CURRENT ASSETS 1,658,102 1,396,670
TOTAL ASSETS LESS CURRENT LIABILITIES 2,389,299 2,076,257

CREDITORS
Amounts falling due after more than
one year

7

182,161

234,051
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,207,138 1,842,206

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

2,079,900

1,714,968

MEMBERS' OTHER INTERESTS
Revaluation reserve 11 127,238 127,238
2,207,138 1,842,206

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 2,079,900 1,714,968
Members' other interests 127,238 127,238
2,207,138 1,842,206

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 30 June 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.

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

BALANCE SHEET - continued
30 June 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 27 November 2023 and were signed by:





I S Bray - Designated member

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Gotch, Saunders & Surridge 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 as modified by the revaluation of certain assets.

Turnover
In accordance with the principles of revenue recognition as stated in FRS 102, turnover is calculated by reference to the stage of completion of the transaction as at the end of the accounting period, including estimates of amounts not yet invoiced.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the accounting period, 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.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 40% on reducing balance

The freehold property held and used in the LLP’s own activities are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the fair value reserve in ‘Members’other interests’.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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.

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remunerated and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 members' shares in cooperative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the profit and loss account in the relevant year. To the extent that they remain unpaid at the end of the accounting period, they are shown as liabilities in the balance sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the balance sheet within 'loans and other debts due to members' are charged to the profit and loss account within 'members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'members' other interests'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 65 (2022 - 62 ) .

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 618,750 5,483 132,840 408,386 1,165,459
Additions - 48,330 837 39,688 88,855
At 30 June 2023 618,750 53,813 133,677 448,074 1,254,314
DEPRECIATION
At 1 July 2022 - 4,112 122,738 359,022 485,872
Charge for year - 3,885 2,526 30,834 37,245
At 30 June 2023 - 7,997 125,264 389,856 523,117
NET BOOK VALUE
At 30 June 2023 618,750 45,816 8,413 58,218 731,197
At 30 June 2022 618,750 1,371 10,102 49,364 679,587

If freehold property had not been revalued it would have been included at the following historical cost:

20232022
££
Cost491,512491,512

Freehold property was valued on an open market basis and on the basis that with permitted development rights/planning permission for residential use on the 11th October 2021.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,318,590 1,027,257
Amounts recoverable on contract 188,800 114,500
Other debtors 178,645 191,043
1,686,035 1,332,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,041 30,041
Trade creditors 433,524 263,901
Taxation and social security 364,340 321,945
Other creditors 225,195 127,210
1,053,100 743,097

GOTCH, SAUNDERS & SURRIDGE LLP (REGISTERED NUMBER: OC336029)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 182,161 230,101
Other creditors - 3,950
182,161 234,051

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 78,792 117,047

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 80,762 124,416
Between one and five years 9,363 90,125
90,125 214,541

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 212,202 260,142

The bank loan is secured on the freehold property of the LLP.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

11. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 127,238