Trevor Lahiff Architects LLP OC424128 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is architects Digita Accounts Production Advanced 6.30.9574.0 OC424128 2022-04-01 2023-03-31 OC424128 2023-03-31 OC424128 core:CurrentFinancialInstruments 2023-03-31 OC424128 core:WithinOneYear 2023-03-31 OC424128 core:FurnitureFittings 2023-03-31 OC424128 core:MotorVehicles 2023-03-31 OC424128 bus:SmallEntities 2022-04-01 2023-03-31 OC424128 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC424128 bus:FullAccounts 2022-04-01 2023-03-31 OC424128 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 OC424128 bus:RegisteredOffice 2022-04-01 2023-03-31 OC424128 bus:PartnerLLP1 2022-04-01 2023-03-31 OC424128 bus:PartnerLLP2 2022-04-01 2023-03-31 OC424128 bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC424128 bus:Agent1 2022-04-01 2023-03-31 OC424128 core:FurnitureFittings 2022-04-01 2023-03-31 OC424128 core:MotorVehicles 2022-04-01 2023-03-31 OC424128 countries:AllCountries 2022-04-01 2023-03-31 OC424128 2022-03-31 OC424128 core:FurnitureFittings 2022-03-31 OC424128 core:MotorVehicles 2022-03-31 OC424128 2021-04-01 2022-03-31 OC424128 2022-03-31 OC424128 core:CurrentFinancialInstruments 2022-03-31 OC424128 core:WithinOneYear 2022-03-31 OC424128 core:FurnitureFittings 2022-03-31 OC424128 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: OC424128

Trevor Lahiff Architects LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Trevor Lahiff Architects LLP

Contents

Limited liability partnership information

1

Members' Report

2

Accountants' Report

3

Financial Statements

4 to 10

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

7

 

Trevor Lahiff Architects LLP

Limited liability partnership information

Designated members

Mrs CE Lahiff

Mr PC Lahiff
 

Registered office

320 Garratt Lane
Earlsfield
London
SW18 4EJ

Principal place of business

Geneva House
99 Knatchbull Road
London
SE5 9QU

Accountants

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

Trevor Lahiff Architects LLP

Members' Report for the Year Ended 31 March 2023

The members present their report and the unaudited financial statements for the year ended 31 March 2023.

Designated members

The members who held office during the year were as follows:

Mrs CE Lahiff

Mr PC Lahiff

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, as applied to limited liability partnerships.

Approved by the Board on 23 November 2023 and signed on its behalf by:

.........................................
Mrs CE Lahiff
Designated member

 

Chartered Accountants' Report to the Members on the Preparation of the Unaudited Statutory Accounts of
Trevor Lahiff Architects LLP
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, as applied to limited liability partnerships, we have prepared for your approval the accounts of Trevor Lahiff Architects LLP for the year ended 31 March 2023 set out on pages 4 to 10 from the limited liability partnership's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the members of Trevor Lahiff Architects LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Trevor Lahiff Architects LLP and state those matters that we have agreed to state to the members of Trevor Lahiff Architects LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trevor Lahiff Architects LLP and its members as a body for our work or for this report.

It is your duty to ensure that Trevor Lahiff Architects LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trevor Lahiff Architects LLP. You consider that Trevor Lahiff Architects LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trevor Lahiff Architects LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

Date:.............................

 

Trevor Lahiff Architects LLP

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
 £

2022
 £

Turnover

283,713

498,375

Cost of sales

 

(21,341)

(76,450)

Gross profit

 

262,372

421,925

Administrative expenses

 

(242,481)

(402,281)

Operating profit

19,891

19,644

Other interest receivable and similar income

1,382

45

Interest payable and similar expenses

(1,152)

(1,030)

Profit for the year before members' remuneration and profit shares

 

20,121

18,659

Members' remuneration charged as an expense

 

(20,121)

(18,659)

Profit/(loss) for the year available for discretionary division among members

 

-

-

Turnover and operating profit derive wholly from continuing operations.

The limited liability partnership has no recognised gains or losses for the year other than the results above.

 

Trevor Lahiff Architects LLP

(Registration number: OC424128)
Balance Sheet as at 31 March 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

3

1,552

2,532

Current assets

 

Debtors

4

97,268

1,436,169

Cash and short-term deposits

 

306,387

418,212

 

403,655

1,854,381

Creditors: Amounts falling due within one year

5

(1,031,695)

(2,398,142)

Net current liabilities

 

(628,040)

(543,761)

Net liabilities attributable to members

 

(626,488)

(541,229)

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(626,488)

(541,229)

   

(626,488)

(541,229)

Total members' interests

 

Loans and other debts due to members

 

(626,488)

(541,229)

   

(626,488)

(541,229)

For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Trevor Lahiff Architects LLP

(Registration number: OC424128)
Balance Sheet as at 31 March 2023 (continued)

The financial statements of Trevor Lahiff Architects LLP (registered number OC424128) were approved by the Board and authorised for issue on 23 November 2023. They were signed on behalf of the limited liability partnership by:

.........................................
Mrs CE Lahiff
Designated member

 

Trevor Lahiff Architects LLP

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Trevor Lahiff Architects LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

1

Accounting policies (continued)

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2022 - 0).

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

3

Tangible fixed assets

Fixtures and fittings
£

Motor vehicles
£

Total
£

Cost

At 1 April 2022

1,852

24,000

25,852

At 31 March 2023

1,852

24,000

25,852

Depreciation

At 1 April 2022

1,389

21,931

23,320

Charge for the year

463

517

980

At 31 March 2023

1,852

22,448

24,300

Net book value

At 31 March 2023

-

1,552

1,552

At 31 March 2022

463

2,069

2,532

4

Debtors

2023
 £

2022
 £

Trade debtors

1,053

3,679

Other debtors

90,017

1,425,734

Prepayments and accrued income

6,198

6,756

Total current trade and other debtors

97,268

1,436,169

5

Creditors: Amounts falling due within one year

2023
 £

2022
 £

Bank loans and overdrafts

43,079

48,500

Trade creditors

287,717

1,041,859

Other creditors

23,846

-

Accruals and deferred income

677,053

1,300,053

Taxation and social security

-

7,730

1,031,695

2,398,142

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

6

Control

The ultimate controlling party is the same as the controlling party.