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REGISTERED NUMBER: OC373962 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

MICHAEL PARRY CONSULTING LLP

MICHAEL PARRY CONSULTING LLP (REGISTERED NUMBER: OC373962)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL PARRY CONSULTING LLP

General Information
for the Year Ended 30th June 2023







DESIGNATED MEMBERS: Dr M Parry
Mrs J Parry
P M Bernier
Mrs A J Bernier





REGISTERED OFFICE: Hendre Fawr
Garnswllt
Ammanford
CARMARTHENSHIRE
SA18 2SF





REGISTERED NUMBER: OC373962 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MICHAEL PARRY CONSULTING LLP (REGISTERED NUMBER: OC373962)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,548 27,800

CURRENT ASSETS
Debtors 5 8,665 81,207
Cash at bank 3,973 56,804
12,638 138,011
CREDITORS
Amounts falling due within one year 6 28,688 69,843
NET CURRENT (LIABILITIES)/ASSETS (16,050 ) 68,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,498

95,968

CREDITORS
Amounts falling due after more than one
year

7

-

26,136
NET ASSETS ATTRIBUTABLE TO
MEMBERS

4,498

69,832

LOANS AND OTHER DEBTS DUE TO
MEMBERS

4,498

69,832

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 4,498 69,832
Amounts due from members 5 (8,368 ) -
(3,870 ) 69,832

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 30th 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.

MICHAEL PARRY CONSULTING LLP (REGISTERED NUMBER: OC373962)

Balance Sheet - continued
30th 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 14th February 2024 and were signed by:





Dr M Parry - Designated member

MICHAEL PARRY CONSULTING LLP (REGISTERED NUMBER: OC373962)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Michael Parry Consulting 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 73,994
DEPRECIATION
At 1st July 2022 46,194
Charge for year 7,252
At 30th June 2023 53,446
NET BOOK VALUE
At 30th June 2023 20,548
At 30th June 2022 27,800

MICHAEL PARRY CONSULTING LLP (REGISTERED NUMBER: OC373962)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 47,006
DEPRECIATION
At 1st July 2022 27,691
Charge for year 4,700
At 30th June 2023 32,391
NET BOOK VALUE
At 30th June 2023 14,615
At 30th June 2022 19,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 81,207
Amounts due from members 8,368 -
VAT 297 -
8,665 81,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 26,136 1,311
Trade creditors 120 6,578
Taxation and social security - 4,259
Other creditors 2,432 57,695
28,688 69,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 26,136