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REGISTERED NUMBER: OC327608 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for

Williamson Dace Brown LLP

Williamson Dace Brown LLP (Registered number: OC327608)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5

Chartered Accountants' Report 8

Williamson Dace Brown LLP

General Information
for the Period 1 June 2023 to 31 March 2024







DESIGNATED MEMBERS: A Brown
T D Dace





REGISTERED OFFICE: 22 Cannon Hill
Southgate
London
N14 6BY





REGISTERED NUMBER: OC327608 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

Williamson Dace Brown LLP (Registered number: OC327608)

Statement of Financial Position
31 March 2024

31.3.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,959 3,739
2,959 3,739

CURRENT ASSETS
Debtors 6 148,043 228,711
Cash at bank and in hand 137,355 112,763
285,398 341,474
CREDITORS
Amounts falling due within one year 7 140,693 131,343
NET CURRENT ASSETS 144,705 210,131
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

147,664

213,870

Williamson Dace Brown LLP (Registered number: OC327608)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.5.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

147,664

213,870

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

147,664

213,870
Amounts due from members 6 (133,334 ) (50,000 )
14,330 163,870

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 period 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.

Williamson Dace Brown LLP (Registered number: OC327608)

Statement of Financial Position - continued
31 March 2024


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 18 July 2024 and were signed by:




T D Dace - Designated member




A Brown - Designated member


Williamson Dace Brown LLP (Registered number: OC327608)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

Williamson Dace Brown 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% 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 period was 12 (2023 - 13 ) .

Williamson Dace Brown LLP (Registered number: OC327608)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023 160,000
Disposals (160,000 )
At 31 March 2024 -
AMORTISATION
At 1 June 2023 160,000
Eliminated on disposal (160,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 24,730
Disposals (1 )
At 31 March 2024 24,729
DEPRECIATION
At 1 June 2023 20,991
Charge for period 779
At 31 March 2024 21,770
NET BOOK VALUE
At 31 March 2024 2,959
At 31 May 2023 3,739

Williamson Dace Brown LLP (Registered number: OC327608)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

6. DEBTORS
31.3.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 1,722 10,140
Other debtors - 151,007
Prepayments 12,987 17,564
14,709 178,711

Amounts falling due after more than one year:
Amounts due from members 133,334 50,000

Aggregate amounts 148,043 228,711

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.5.23
£    £   
Bank loans and overdrafts - 432
Trade creditors 47,382 -
Social security and other taxes 11,093 10,639
VAT 15,829 46,231
Other creditors 59,371 67,073
Accrued expenses 7,018 6,968
140,693 131,343

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) will rank below all other creditors in the event of a winding up.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Williamson Dace Brown LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Williamson Dace Brown LLP for the period ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Williamson Dace Brown LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Williamson Dace Brown LLP and state those matters that we have agreed to state to the members of Williamson Dace Brown LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Williamson Dace Brown LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Williamson Dace Brown LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Williamson Dace Brown LLP. You consider that Williamson Dace Brown LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Williamson Dace Brown LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG


Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Williamson Dace Brown LLP


18 July 2024