Registered number
OC345246
Dannatt Johnson Architects LLP
Filleted Accounts
31 May 2023
Dannatt Johnson Architects LLP
Registered number: OC345246
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 432,231 444,212
Current assets
Work in progress 12,538 12,570
Debtors 4 262,533 105,175
Cash at bank and in hand 121,760 167,858
396,831 285,603
Creditors: amounts falling due within one year 5 (316,993) (221,700)
Net current assets 79,838 63,903
Total assets less current liabilities 512,069 508,115
Creditors: amounts falling due after more than one year 6 (140,775) (182,548)
Net assets attributable to members 371,294 325,567
Represented by:
Loans and other debts due to members 7 371,294 325,567
371,294 325,567
Total members' interests
Loans and other debts due to members 7 371,294 325,567
371,294 325,567
For the year ended 31 May 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 19 January 2024 and signed on their behalf by:
D. A. Johnson
Designated member
Dannatt Johnson Architects LLP
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 2% straight line
Furniture and office equipment 15% reducing balance
Computer equipment 33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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 cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term 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 cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
The number of persons employed by the LLP 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 515,264 161,305 676,569
Additions - 3,270 3,270
At 31 May 2023 515,264 164,575 679,839
Depreciation
At 1 June 2022 91,710 140,647 232,357
Charge for the year 10,305 4,946 15,251
At 31 May 2023 102,015 145,593 247,608
Net book value
At 31 May 2023 413,249 18,982 432,231
At 31 May 2022 423,554 20,658 444,212
4 Debtors 2023 2022
£ £
Trade debtors 251,466 96,348
Other debtors 11,067 8,827
262,533 105,175
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 41,828 33,623
Trade creditors 97,256 12,623
Other taxes and social security costs 45,784 38,322
Other creditors 132,125 137,132
316,993 221,700
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 140,775 182,548
7 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 371,294 325,567
Amounts falling due within one year 371,294 325,567
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Grants
For the monthly JRS grant income, the income will be recognised in the period to which the underlying furlough staff costs relate to. The payroll liability has been incurred by the entity, and it has therefore met the conditions to claim for the payroll accounting period. Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant and the grant will be received. Revenue grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivble as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.
8 Other information
Dannatt Johnson Architects LLP is a limited liability partnership incorporated in England. Its registered office is:
Unit 1 The Wireworks
77 Great Suffolk Street
London
SE1 0BU
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