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REGISTERED NUMBER: OC371845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Serjeants LLP

Serjeants LLP (Registered number: OC371845)






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

Report of the Accountants 6

Serjeants LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: PJ Smith
D A Thacker
D A Lacey





REGISTERED OFFICE: Dock
75 Exploration Drive
Leicester
Leicestershire
LE4 5NU





REGISTERED NUMBER: OC371845 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Serjeants LLP (Registered number: OC371845)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,419 13,625

CURRENT ASSETS
Stocks 29,971 65,223
Debtors 5 679,721 615,934
Cash at bank 440,760 484,552
1,150,452 1,165,709
CREDITORS
Amounts falling due within one year 6 375,763 203,335
NET CURRENT ASSETS 774,689 962,374
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

787,108

975,999

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

387,108

441,738

MEMBERS' OTHER INTERESTS
Capital accounts 400,000 534,261
787,108 975,999

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 387,108 441,738
Members' other interests 400,000 534,261
787,108 975,999

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.

Serjeants LLP (Registered number: OC371845)

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 31 August 2024 and were signed by:




D A Thacker - Designated member




D A Lacey - Designated member


Serjeants LLP (Registered number: OC371845)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Serjeants 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 10 (2023 - 10 ) .

Serjeants LLP (Registered number: OC371845)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,457 17,133 21,590
Additions - 1,219 1,219
Disposals - (1,009 ) (1,009 )
At 31 March 2024 4,457 17,343 21,800
DEPRECIATION
At 1 April 2023 3,546 4,419 7,965
Charge for year 136 2,001 2,137
Eliminated on disposal - (721 ) (721 )
At 31 March 2024 3,682 5,699 9,381
NET BOOK VALUE
At 31 March 2024 775 11,644 12,419
At 31 March 2023 911 12,714 13,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 633,466 538,673
Doubtful Debt Provision 23,558 59,064
Other debtors 22,697 18,197
679,721 615,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 124,634 144,231
Taxation and social security 57,924 49,979
Other creditors 193,205 9,125
375,763 203,335

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors.

Serjeants LLP

Report of the Accountants to the Members of
Serjeants 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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


Date: .............................................