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REGISTERED NUMBER: OC416678 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

STREETER MARSHALL LLP

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

General Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


STREETER MARSHALL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DESIGNATED MEMBERS: Mr D G Moore
Mr I S Dosanjh
Mr T J Farrington
Mr R Satiro
Ms C L Holfert
Mr R S Curran
Mr P J Russell
Ms G Vargerson
Mr N L Brocklehurst
Mr A H McKie





REGISTERED OFFICE: 74 High Street
Croydon
Surrey
CR9 2UU





REGISTERED NUMBER: OC416678 (England and Wales)





ACCOUNTANTS: DSK Partners LLP
D S House
306 High Street
Croydon
Surrey
CR0 1NG

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STREETER MARSHALL LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Streeter Marshall LLP for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, Reconciliation of Members' Interests and the related notes from the LLP'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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Streeter Marshall LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Streeter Marshall LLP. You consider that Streeter Marshall 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 financial statements of Streeter Marshall 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 financial statements.






DSK Partners LLP
D S House
306 High Street
Croydon
Surrey
CR0 1NG


20 February 2024

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,705 -
Tangible assets 5 723,652 615,620
841,357 615,620

CURRENT ASSETS
Debtors 6 1,453,757 1,137,346
Cash in hand 1,866,583 1,923,636
3,320,340 3,060,982
CREDITORS
Amounts falling due within one year 7 741,801 613,316
NET CURRENT ASSETS 2,578,539 2,447,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,419,896

3,063,286

CREDITORS
Amounts falling due after more than one
year

8

155,544

161,087
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,264,352

2,902,199

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

3,264,352

2,902,199

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 3,264,352 2,902,199

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 31 May 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.

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 20 February 2024 and were signed by:





Mr D G Moore - Designated member

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Streeter Marshall 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 (£) rounded to the nearest Pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest pound.

GOING CONCERN
As part of the members' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the member have a reasonable expectation that the LLP has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents the fair value of services provided during the year on client assignments. Fair value reflects the amounts expected to be recoverable from clients based on time spent, skills provided, expenses incurred, and excludes value added tax.

Income is recognised as work on client matters progresses so that for incomplete work it reflects the partial performance of that work. For such work, the amount of income reflects the accrual of the right to consideration by reference to the value of work performed. Income not billed to clients is included in debtors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Leasehold property - Over the term of the lease
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 17% Reducing balance
Motor vehicles - 15% Reducing balance

The gain or loss arising on the disposal of an asset is recognised in the profit and loss account. At each reporting date, the LLP reviews the carrying amount of its tangible assets to determine whether there is an indication of impairment loss. If such an indication exists, the recoverable amount is estimated in the order to determine the extent of the loss.

Financial instruments
The LLP has elected to apply the provision of section 11 'Basic financial instruments' and section 12 'Other financial instruments' of FRS 102 to all of its financial instrument. The LLP only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade other accounts receivable and payable.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs.

Short terms creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised costs.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Defined contribution pension plan
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid, the LLP has no further payment obligations.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 68 (2022 - 62 ) .

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 119,699 1 119,700
At 31 May 2023 119,699 1 119,700
AMORTISATION
Charge for year 1,995 - 1,995
At 31 May 2023 1,995 - 1,995
NET BOOK VALUE
At 31 May 2023 117,704 1 117,705

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 484,994 1,454,851 1,939,845
Additions 38,849 211,425 250,274
Disposals - (93,930 ) (93,930 )
At 31 May 2023 523,843 1,572,346 2,096,189
DEPRECIATION
At 1 June 2022 332,793 991,432 1,324,225
Charge for year 7,740 78,502 86,242
Eliminated on disposal - (37,930 ) (37,930 )
At 31 May 2023 340,533 1,032,004 1,372,537
NET BOOK VALUE
At 31 May 2023 183,310 540,342 723,652
At 31 May 2022 152,201 463,419 615,620

Included in the total net book value of tangible fixed assets held at 31 May 2023 was £250,000 (2022 : £283,935 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,268,765 1,067,736
Other debtors 184,992 69,610
1,453,757 1,137,346

STREETER MARSHALL LLP (REGISTERED NUMBER: OC416678)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 64,156 59,352
Trade creditors 149 149
Taxation and social security 490,846 447,965
Other creditors 186,650 105,850
741,801 613,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 61,992 67,535
Other creditors 93,552 93,552
155,544 161,087

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 64,156 59,352
Between one and five years 61,992 67,535
126,148 126,887

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. No member is liable to contribute to the assets of the LLP in such an event. There is no provision for specific legally enforceable protection afforded to creditors in such an event.

11. RELATED PARTY DISCLOSURES

The LLP undertakes a number of transactions with its members in the ordinary course of business: the subscription and repayment of capital, the provision and release of guarantees and the payment of drawings, distributions and tax liabilities. These transactions are all governed by, and made in compliance with, the Members' Agreement.

12. ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members and as such there is no single controlling party.