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REGISTERED NUMBER: OC323034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th October 2023

for

Field & Co LLP

Field & Co LLP (Registered number: OC323034)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Field & Co LLP

General Information
for the Year Ended 30th October 2023







DESIGNATED MEMBERS: Mr M L Field
Ms P G Field





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: OC323034 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Essex
SS7 2RF

Field & Co LLP (Registered number: OC323034)

Balance Sheet
30th October 2023

30/10/23 30/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,691 264,762

CURRENT ASSETS
Debtors 5 39,619 40,811
Cash at bank and in hand 221,413 204,803
261,032 245,614
CREDITORS
Amounts falling due within one year 6 188,420 177,544
NET CURRENT ASSETS 72,612 68,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,303

332,832

CREDITORS
Amounts falling due after more than
one year

7

45,512

85,439
NET ASSETS ATTRIBUTABLE TO
MEMBERS

290,791

247,393

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

290,791

247,393

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 290,791 247,393

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 October 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.

Field & Co LLP (Registered number: OC323034)

Balance Sheet - continued
30th October 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 27th July 2024 and were signed by:





Mr M L Field - Designated member

Field & Co LLP (Registered number: OC323034)

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

1. STATUTORY INFORMATION

Field & Co 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.
Freehold property - not provided
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 8 (2022 - 7 ) .

Field & Co LLP (Registered number: OC323034)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 31st October 2022 252,980 45,023 42,170 340,173
Additions - 1,605 - 1,605
At 30th October 2023 252,980 46,628 42,170 341,778
DEPRECIATION
At 31st October 2022 - 34,378 41,033 75,411
Charge for year - 2,449 227 2,676
At 30th October 2023 - 36,827 41,260 78,087
NET BOOK VALUE
At 30th October 2023 252,980 9,801 910 263,691
At 30th October 2022 252,980 10,645 1,137 264,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/10/23 30/10/22
£    £   
Trade debtors 39,619 40,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/10/23 30/10/22
£    £   
Bank loans and overdrafts (see note 8) 40,495 28,577
Trade creditors 11,701 10,968
Taxation and social security 53,295 53,605
Other creditors 82,929 84,394
188,420 177,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/10/23 30/10/22
£    £   
Bank loans (see note 8) 45,512 85,439

Field & Co LLP (Registered number: OC323034)

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

8. LOANS

An analysis of the maturity of loans is given below:

30/10/23 30/10/22
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 40,495 28,577

Amounts falling due between one and two years:
Bank loans - 1-2 years 23,479 29,260

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,033 56,179

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
30/10/23 30/10/22
£    £   
Amounts owed to members in respect of profits 290,791 247,393

Falling due within one year 290,791 247,393

Loans and other debts due to members rank equally with debts to unsecured creditors in the event of a winding up. There is no provision for a specific legally enforceable protection afforded to creditors in such an event. There is no restriction or limitations on the ability of the members to reduce the amount of 'Member's other interests'