REGISTERED NUMBER: |
MEMBERS' REPORT AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023 |
FOR |
SRA ARCHITECTS GROUP LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(11,448 | ) | 505,886 |
Other operating income |
OPERATING (LOSS)/PROFIT | 4 | ( |
) |
Interest payable and similar expenses |
(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 |
Tangible assets | 7 |
CURRENT ASSETS |
Stocks |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
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 |
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 |
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 |
Goodwill amortisation |
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 |
Disposals | ( |
) |
At 31 March 2023 |
AMORTISATION |
At 1 October 2022 |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 September 2022 |
7. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
and 31 March 2023 |
DEPRECIATION |
At 1 October 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
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 |
Trade creditors |
Taxation and social security |
Other creditors |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
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. |