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REGISTERED NUMBER: OC327595 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DAFFERNS LLP

DAFFERNS LLP (REGISTERED NUMBER: OC327595)






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


DAFFERNS LLP

GENERAL INFORMATION
for the year ended 30 June 2023







DESIGNATED MEMBERS: Martin Gibbs Limited
Brian Jukes Limited
Geoffrey Cox Limited
Brian King Limited





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: OC327595 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,911 20,005

CURRENT ASSETS
Debtors 5 877,570 909,485
Cash at bank and in hand 237,198 195,339
1,114,768 1,104,824
CREDITORS
Amounts falling due within one year 6 320,711 277,409
NET CURRENT ASSETS 794,057 827,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

875,968

847,420

CREDITORS
Amounts falling due after more than one
year

7

18,848

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

857,120

847,420

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

856,570

846,876

MEMBERS' OTHER INTERESTS
Capital accounts 550 544
857,120 847,420

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 856,570 846,876
Members' other interests 550 544
Amounts due from members 5 - (1,246 )
857,120 846,174

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.

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

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 13 February 2024 and were signed by:




Martin Gibbs Limited - Designated member




Geoffrey Cox Limited - Designated member


DAFFERNS LLP (REGISTERED NUMBER: OC327595)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Dafferns LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the net invoiced value of services provided, except in respect of service contracts where turnover is recognised when the LLP obtains the right to consideration.

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 etc - 10% to 33% 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 39 (2022 - 37 ) .

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 July 2022 33,772 109,984 143,756
Additions 63,299 23,454 86,753
Disposals - (3,256 ) (3,256 )
At 30 June 2023 97,071 130,182 227,253
DEPRECIATION
At 1 July 2022 33,772 89,979 123,751
Charge for year 6,330 18,517 24,847
Eliminated on disposal - (3,256 ) (3,256 )
At 30 June 2023 40,102 105,240 145,342
NET BOOK VALUE
At 30 June 2023 56,969 24,942 81,911
At 30 June 2022 - 20,005 20,005

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 582,136 677,660
Work done not billed to clients 141,557 76,370
Amounts due from members - 1,246
Other debtors 1,743 6,719
Prepayments 152,134 147,490
877,570 909,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 91,714 84,020
Social security and other taxes 185,697 161,221
Other creditors 13,972 11,833
Accrued expenses 26,972 20,335
Deferred government grants 2,356 -
320,711 277,409

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Deferred government grants 18,848 -

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members ' other interests'.

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £1,375,000 (2022: £nil).

10. RELATED PARTY DISCLOSURES

The leasehold premises, at One Eastwood, Binley Business Park, Coventry is leased from the TMD Property Consortium. The consortium has eight members of which all are related parties. There are seven SIPP members, the beneficiaries of five of which, RJ Miller, MJ Gibbs, BC Jukes, GR Cox and BA King, are the representative directors of corporate members of Dafferns LLP and LM Jukes and L Cox, who are non representative directors of corporate members of Dafferns LLP. The eighth member is Andy Bewick Limited, a corporate member of Dafferns LLP. Rent of £125,000 (2022: £115,000) was paid in the year.