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REGISTERED NUMBER: OC422760 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 28 FEBRUARY 2023

FOR

MAYHEW & STRUDWICK LLP

MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 September 2022 to 28 February 2023










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAYHEW & STRUDWICK LLP

GENERAL INFORMATION
For The Period 1 September 2022 to 28 February 2023







DESIGNATED MEMBERS: Contentment Creative Ltd
Mayhew Developments Limited





REGISTERED OFFICE: Astra House
The Common
Cranleigh
Surrey
GU6 8RZ





REGISTERED NUMBER: OC422760 (England and Wales)

MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

ABRIDGED BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 30,575

CURRENT ASSETS
Work-in-progress - 607,096
Debtors - 83,606
Cash at bank 906 500
906 691,202
CREDITORS
Amounts falling due within one year - 639,789
NET CURRENT ASSETS 906 51,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

906

81,988

CREDITORS
Amounts falling due after more than one year - 57,534
NET ASSETS ATTRIBUTABLE TO
MEMBERS

906

24,454

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

896

24,444

MEMBERS' OTHER INTERESTS
Capital accounts 10 10
906 24,454

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 896 24,444
Members' other interests 10 10
Amounts due from members - (55,795 )
906 (31,341 )

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 period ended 28 February 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.

MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

ABRIDGED BALANCE SHEET - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 30 November 2023 and were signed by:




Contentment Creative Ltd - Designated member




Mayhew Developments Limited - Designated member


MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 September 2022 to 28 February 2023


1. STATUTORY INFORMATION

Mayhew & Strudwick 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the members consider to be appropriate, as they have agreed to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Turnover represents sales of construction services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-20% reducing balance
Motor vehicles-20% reducing balance
Office equipment-20% reducing balance

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 work-in-progress to their present location and condition.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 September 2022 to 28 February 2023


2. ACCOUNTING POLICIES - continued

Members' participation rights
Members' participation rights are the rights of the member against the LLP that arise under the members' agreement (for example, in respect of amount subscribed or otherwise contributed, remuneration 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. Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative 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 classed 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 period end, 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 was 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' and 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 interest'.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 62,559
Disposals (62,559 )
At 28 February 2023 -
DEPRECIATION
At 1 September 2022 31,984
Charge for period 2,923
Eliminated on disposal (34,907 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 31 August 2022 30,575

MAYHEW & STRUDWICK LLP (REGISTERED NUMBER: OC422760)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 September 2022 to 28 February 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022 59,346
Disposals (59,346 )
At 28 February 2023 -
DEPRECIATION
At 1 September 2022 31,029
Charge for period 2,699
Eliminated on disposal (33,728 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 31 August 2022 28,317

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank last in relation to other creditors.