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REGISTERED NUMBER: OC350445 (England and Wales)












ARMITSTEAD BARNETT LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ARMITSTEAD BARNETT LLP (REGISTERED NUMBER: OC350445)

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










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ARMITSTEAD BARNETT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Designated members: Mr R D Furnival
Mr J Fish
Mrs H M Towers





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Registered number: OC350445 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

ARMITSTEAD BARNETT LLP (REGISTERED NUMBER: OC350445)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,910 37,737

Current assets
Debtors 207,103 293,519
Prepayments and accrued income 172,051 146,571
Cash at bank and in hand 658,098 1,234,476
1,037,252 1,674,566
Creditors
Amounts falling due within one year 346,508 686,142
Net current assets 690,744 988,424
Total assets less current liabilities 718,654 1,026,161

Creditors
Amounts falling due after more than one
year

(75,833

)

(113,833

)

Accruals and deferred income (5,834 ) (10,946 )
Net assets attributable to members 636,987 901,382

Loans and other debts due to members 5 636,987 901,382

Total members' interests
Loans and other debts due to members 5 636,987 901,382

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 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.

ARMITSTEAD BARNETT LLP (REGISTERED NUMBER: OC350445)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 17 November 2023 and were signed by:





Mr R D Furnival - Designated member

ARMITSTEAD BARNETT LLP (REGISTERED NUMBER: OC350445)

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


1. Statutory information

Armitstead Barnett 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 is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to a customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% Reducing balance and Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 38 (2022 - 33 ) .

ARMITSTEAD BARNETT LLP (REGISTERED NUMBER: OC350445)

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


4. Tangible fixed assets
Totals
£   
Cost
At 1 April 2022 161,404
Additions 6,222
At 31 March 2023 167,626
Depreciation
At 1 April 2022 123,667
Charge for year 16,049
At 31 March 2023 139,716
Net book value
At 31 March 2023 27,910
At 31 March 2022 37,737

5. Loans and other debts due to members
2023 2022
£    £   
Loans from members 300,000 300,000
Amounts owed to members in respect of profits 336,987 601,382
636,987 901,382

Falling due within one year 636,987 901,382

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

6. Ultimate controlling party

The controlling party is all the members.

The ultimate controlling party is the same as the controlling party.