REGISTERED NUMBER: |
MATSON, DRISCOLL & DAMICO UK LLP |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
MATSON, DRISCOLL & DAMICO UK LLP |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MATSON, DRISCOLL & DAMICO UK LLP |
General Information |
for the year ended 31 December 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Nightingale House |
46-48 East Street |
Epsom |
Surrey |
KT17 1HQ |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,094,036 |
3,288,896 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
1,094,036 |
3,288,896 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 1,094,036 | 3,288,896 |
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. |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Balance Sheet - continued |
31 December 2023 |
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 |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Matson, Driscoll & Damico UK 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. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover represents net invoices sales of services, excluding value added tax. |
TANGIBLE FIXED ASSETS |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
FOREIGN CURRENCIES |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
AMOUNTS RECOVERABLE ON CONTRACTS |
Included within Trade Debtors are Amounts Recoverable on Contracts, which represent the recoverable sales value of unbilled time on contracts that commenced during the year but which were not complete at the end of the financial period. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Office | and | Computer |
property | equipment | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
MATSON, DRISCOLL & DAMICO UK LLP (REGISTERED NUMBER: OC306349) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2023 | 2022 |
£ | £ |
Amounts owed to members in respect of profits | 1,094,036 | 3,288,896 |
Falling due within one year | 1,094,036 | 3,288,896 |
Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. |
10. | POST BALANCE SHEET EVENTS |
On 29 February 2024, Matson, Driscoll & Damico UK LLP was acquired by Davies UK Holdco Limited. It is considered a non-adjusting event for the purposes of these financial statements. |