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REGISTERED NUMBER: OC376377 (England and Wales)






















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

B J Mckenna & Co Solicitors LLP

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


B J Mckenna & Co Solicitors LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: Bernard Mckenna Limited
Mchale Legal Limited





REGISTERED OFFICE: 335 Wellington Road North
Heaton Chapel
Stockport
Cheshire
SK4 4QG





REGISTERED NUMBER: OC376377 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)

Report of the Members
for the year ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a firm of solicitors.

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

Bernard Mckenna Limited
Mchale Legal Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £61,824 (2023 - £28,714 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Bernard Mckenna Limited - Designated member


6 August 2024

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)

Income Statement
for the year ended 31 March 2024

2024 2023
Notes £ £

TURNOVER 686,080 725,323

Administrative expenses (762,006 ) (781,253 )
OPERATING LOSS 4 (75,926 ) (55,930 )

Interest receivable and similar income 180,793 28,584
104,867 (27,346 )

Interest payable and similar expenses (43,043 ) (1,368 )
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES


61,824


(28,714


)

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


61,824


(28,714


)

Members' remuneration charged as an expense 5 (61,824 ) -
LOSS FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


(28,714


)

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 6 58,889 26,285

CURRENT ASSETS
Debtors 7 168,022 190,243
Cash at bank and in hand 35,874 62,707
203,896 252,950
CREDITORS
Amounts falling due within one year 8 (215,515 ) (109,900 )
NET CURRENT (LIABILITIES)/ASSETS (11,619 ) 143,050
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

47,270

169,335

LOANS AND OTHER DEBTS DUE TO
MEMBERS

47,270

169,335

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 47,270 169,335
Amounts due from members 7 - (21,162 )
47,270 148,173

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 2024.

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 6 August 2024 and were signed by:





Bernard Mckenna Limited - Designated member

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

B J Mckenna & Co Solicitors 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 represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Tangible fixed assets
The following fixed assets are depreciated accordingly:
Computer equipment - 33% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Improvements to property - 10 years straight line

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.

Taxation
The taxation payable on the profits of the limited liability partnership is the personal liability of the members.
No provision is therefore made in the financial statements for members tax liabilities.

Members profit shares
Profits are automatically divided between the members at the end of the financial year in accordance with agreed profit sharing arrangements. Allocated profits are shown as members remuneration charged as an expense in the profit and loss account and are included within loans and other debts due to members in the balance sheet.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2023 - 12 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

2024 2023
£ £
Depreciation - owned assets 6,984 1,719

B J Mckenna & Co Solicitors LLP (Registered number: OC376377)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INFORMATION IN RELATION TO MEMBERS
2024 2023
£ £
Members' remuneration charged as an expense
Partners' salaries 61,824 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 63,646
Additions 39,588
At 31 March 2024 103,234
DEPRECIATION
At 1 April 2023 37,361
Charge for year 6,984
At 31 March 2024 44,345
NET BOOK VALUE
At 31 March 2024 58,889
At 31 March 2023 26,285

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 52,540 30,778
Other debtors 115,482 159,465
168,022 190,243

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 18,144 34,119
Trade creditors 13,189 11,339
Taxation and social security 43,012 36,984
Other creditors 141,170 27,458
215,515 109,900