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REGISTERED NUMBER: OC394598 (England and Wales)















MEMBERS' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

FOR

SRA ARCHITECTS GROUP LLP

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023




Page

General Information 1

Members' Report 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SRA ARCHITECTS GROUP LLP

GENERAL INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023







DESIGNATED MEMBERS: D Beckett
M Rolfe





REGISTERED OFFICE: Station House
Ashley Avenue
Bath
Avon
BA1 3DS





REGISTERED NUMBER: OC394598 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

MEMBERS' REPORT
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

The members present their report with the financial statements of the LLP for the period 1 October 2022 to 31 March 2023.

DESIGNATED MEMBERS
The designated members during the period under review were:

D Beckett
M Rolfe

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £15,048 (2022 - £500,538 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





D Beckett - Designated member


18 December 2023

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

INCOME STATEMENT
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

Period Period
1.10.22 1.4.21
to to
31.3.23 30.9.22
Notes £    £   

TURNOVER 54,585 2,873,262

Cost of sales 54,585 1,284,282
GROSS PROFIT - 1,588,980

Administrative expenses 11,448 1,083,094
(11,448 ) 505,886

Other operating income - 56
OPERATING (LOSS)/PROFIT 4 (11,448 ) 505,942


Interest payable and similar expenses 3,600 5,404
(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES


(15,048


)


500,538

(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES


(15,048


)


500,538

Members' remuneration charged as an
expense

5

15,048

(500,538

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - 200,000
Tangible assets 7 - -
- 200,000

CURRENT ASSETS
Stocks - 54,585
Debtors 8 456,127 530,762
Cash at bank and in hand 106,513 372,972
562,640 958,319
CREDITORS
Amounts falling due within one year 9 48,787 702,180
NET CURRENT ASSETS 513,853 256,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,853

456,139

CREDITORS
Amounts falling due after more than one
year

10

369,552

204,140
NET ASSETS ATTRIBUTABLE TO
MEMBERS

144,301

251,999

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

144,301

251,999

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 144,301 251,999

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 31 March 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 18 December 2023 and were signed by:




D Beckett - Designated member

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

SRA Architects Group 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
Revenue from contracts for the provision of professional services is recognised by reference to the
stage of completion when the stage of completion, costs incurred and costs to complete can be
estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation
to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome
cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that
it is probable will be recovered .

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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

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 stocks to their present location and condition.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 28 (2022 - 27 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

Period Period
1.10.22 1.4.21
to to
31.3.23 30.9.22
£    £   
Depreciation - owned assets - 23,874
Goodwill amortisation - 150,000

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

5. INFORMATION IN RELATION TO MEMBERS
Period Period
1.10.22 1.4.21
to to
31.3.23 30.9.22
£    £   
Members' remuneration charged as an expense
Automatic division of (loss)/profit (15,048 ) 500,538

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 1,000,000
Disposals (1,000,000 )
At 31 March 2023 -
AMORTISATION
At 1 October 2022 800,000
Eliminated on disposal (800,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 30 September 2022 200,000

7. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 31 March 2023 15,417
DEPRECIATION
At 1 October 2022
and 31 March 2023 15,417
NET BOOK VALUE
At 31 March 2023 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,373 398,946
Other debtors 438,754 131,816
456,127 530,762

SRA ARCHITECTS GROUP LLP (REGISTERED NUMBER: OC394598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,788 27,788
Trade creditors 20,617 144,557
Taxation and social security 77 111,152
Other creditors 305 418,683
48,787 702,180

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,550 99,540
Other creditors 338,002 104,600
369,552 204,140

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up the amounts included in 'loans and other debts due to members' will rank equally with unsecured creditors.