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REGISTERED NUMBER: SO307485 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CONNELL & CONNELL LLP

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONNELL & CONNELL LLP

GENERAL INFORMATION
for the year ended 31 March 2024







DESIGNATED MEMBERS: A J Ogilvie
Ms L M Elrick
R J Murray
Ms A I Rowatt
Ms J L Boyle



REGISTERED OFFICE: 10 Dublin Street
Edinburgh
Midlothian
United Kingdom
EH1 3PR



REGISTERED NUMBER: SO307485 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: The Royal Bank Of Scotland
36 St Andrew Square
Edinburgh
EH2 2AD

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,697 69,991

CURRENT ASSETS
Debtors 5 609,062 552,595
Cash at bank and in hand 34,829 7,892
643,891 560,487
CREDITORS
Amounts falling due within one year 6 252,082 143,166
NET CURRENT ASSETS 391,809 417,321
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

462,506

487,312

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

227,506

257,312

MEMBERS' OTHER INTERESTS
Capital accounts 235,000 230,000
462,506 487,312

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 227,506 257,312
Members' other interests 235,000 230,000
462,506 487,312

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.

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

BALANCE SHEET - 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 12 August 2024 and were signed by:




A J Ogilvie - Designated member




R J Murray - Designated member


CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Connell & Connell LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for at least 12 months from the approval date. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year. 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 the work performed.

If, at the Balance Sheet, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance Sheet date are carried forward as work in progress.

Profit is recognised on contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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 - Straight line over 6 years

Pension costs and other post-retirement benefits
The LLP operates a defined contributions 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 14 (2023 - 14 ) .

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 60,000 54,261 114,261
Additions - 6,058 6,058
Disposals - (8,714 ) (8,714 )
At 31 March 2024 60,000 51,605 111,605
DEPRECIATION
At 1 April 2023 - 44,270 44,270
Charge for year - 5,352 5,352
Eliminated on disposal - (8,714 ) (8,714 )
At 31 March 2024 - 40,908 40,908
NET BOOK VALUE
At 31 March 2024 60,000 10,697 70,697
At 31 March 2023 60,000 9,991 69,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,007 50,410
Amounts recoverable on contract 115,098 89,011
Other debtors 352,957 413,174
609,062 552,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,150 2,024
Taxation and social security 93,174 93,123
Other creditors 147,758 48,019
252,082 143,166

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding-up.