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REGISTERED NUMBER: OC307148 (England and Wales)



























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024


FOR



SAUNDERS ARCHITECTS LLP


SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024












Page



Balance Sheet  

1


to


2


Notes to the Financial Statements  

3


to


5



SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


BALANCE SHEET

31ST MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

5

266


2,558




CURRENT ASSETS

Debtors

6

50,341


63,012



Cash at bank and in hand

245,549


234,229



295,890


297,241



CREDITORS

Amounts falling due within one year

7

62,486


58,081



NET CURRENT ASSETS

233,404


239,160



TOTAL ASSETS LESS CURRENT

LIABILITIES

233,670


241,718




CREDITORS

Amounts falling due after more than one

year

8

20,755


30,749



NET ASSETS ATTRIBUTABLE TO

MEMBERS

212,915


210,969




LOANS AND OTHER DEBTS DUE TO

MEMBERS

9

212,915


210,969




TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

212,915


210,969




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 31st 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.


SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


BALANCE SHEET - continued

31ST 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 19th August 2024 and were signed by:





Mr P S Moisan - Designated member





Mrs R Moisan on behalf of Prisma Studio Limited - Designated member



SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024



1.

STATUTORY INFORMATION



Saunders Architects LLP is registered in England and Wales. The LLP's registered number is 307148 and the registered office is Royal Mail House Suite 36, Terminus Terrace, Southampton, Hampshire, SO14 3FD.



The presentation currency of the financial statements is the Pound Sterling (£).


2.

STATEMENT OF COMPLIANCE



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.    


3.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements have been prepared under the historical cost convention.



Fee income


Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is regarded as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents the amount chargeable to clients, including disbursements and expenses but excluding Value Added Tax.



For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, its stage of completion and relevant contract terms. Revenue in respect of contingent fee arrangements (over and above any agreed minimum fee) is recognised when the contingent event occurs and recoverability of the fee is assured.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Office equipment

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33% straight line


All fixed assets are initially recorded at cost.


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.


Leased assets


Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases'), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.



Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the profit and loss account over the year of the lease and represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.



All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the term 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.


SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024



3.

ACCOUNTING POLICIES - continued



Members' remuneration


A member's share in the profit or the loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included with "other reserves".



Tax provisions


The taxation payable on profits is the personal liability of the members during the year. A retention from profits is made to fund payments of taxation on members' behalf. The retention is deducted from profits when they are allocated and payments are charged against this retention.



Post-retirement payments to members


Under the terms of the membership agreement the Limited Liability Partnership has a liability to make post retirement payments to members after they have retired from the partnership.



To the extent that the right to these payments accrues over the period in which the individual serves as a member the costs are recognised each year during that period.  These amounts are included 'Members' remuneration charged as an expense' in the profit and loss account.



The amount provided is included in 'Loans and other debts due to members' while the member remains a member of the Limited Liability Partnership.  Upon retirement the outstanding liability is transferred to other creditors and disclosed as post retirement payments to former members.


4.

EMPLOYEE INFORMATION



The average number of employees during the year was 2 (2023 - 4 ) .


5.

TANGIBLE FIXED ASSETS


Office


Motor


Computer



equipment


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1st April 2023

6,980


20,310


24,788


52,078




Disposals

-


-


(9,724

)

(9,724

)



At 31st March 2024

6,980


20,310


15,064


42,354




DEPRECIATION


At 1st April 2023

6,179


19,955


23,386


49,520




Charge for year

801


89


1,402


2,292




Eliminated on disposal

-


-


(9,724

)

(9,724

)



At 31st March 2024

6,980


20,044


15,064


42,088




NET BOOK VALUE


At 31st March 2024

-


266


-


266




At 31st March 2023

801


355


1,402


2,558




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

37,721


45,054




Amounts recoverable on contract

-


7,000




Other debtors

650


650




Prepayments and accrued income

11,970


10,308



50,341


63,012




SAUNDERS ARCHITECTS LLP (REGISTERED NUMBER: OC307148)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024



7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Bank loans and overdrafts

10,913


9,745




Trade creditors

3,152


2,636




Taxation and social security

15,491


11,768




Other creditors

32,930


33,932



62,486


58,081




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


2024

2023


£   

£   



Bank loans

20,755


30,749




9.

LOANS AND OTHER DEBTS DUE TO MEMBERS




In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured.  There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.



There are no restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'