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REGISTERED NUMBER: OC372449 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CHAMBERS & CO ACCOUNTANTS LLP

CHAMBERS & CO ACCOUNTANTS LLP (REGISTERED NUMBER: OC372449)






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


CHAMBERS & CO ACCOUNTANTS LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr P R S Chambers BA (Hons) FCCA
Mr J P Radcliffe





REGISTERED OFFICE: Suite 1, Eighth Floor
Intergen House
65-67 Western Road
Hove
BN3 2JQ





REGISTERED NUMBER: OC372449 (England and Wales)






CHAMBERS & CO ACCOUNTANTS LLP (REGISTERED NUMBER: OC372449)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,110 10,933

CURRENT ASSETS
Debtors 5 59,418 54,744
Cash at bank and in hand 117,115 120,907
176,533 175,651
CREDITORS
Amounts falling due within one year 6 27,860 21,329
NET CURRENT ASSETS 148,673 154,322
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

155,783

165,255

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

155,783

165,255

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 155,783 165,255

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.

CHAMBERS & CO ACCOUNTANTS LLP (REGISTERED NUMBER: OC372449)

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 6 September 2024 and were signed by:





Mr P R S Chambers BA (Hons) FCCA - Designated member

CHAMBERS & CO ACCOUNTANTS LLP (REGISTERED NUMBER: OC372449)

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

1. STATUTORY INFORMATION

Chambers & Co Accountants 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 represents revenue recognised by the LLP for services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,793 11,015 15,742 30,550
Disposals (2,325 ) - (3,857 ) (6,182 )
At 31 March 2024 1,468 11,015 11,885 24,368
DEPRECIATION
At 1 April 2023 3,006 10,550 6,061 19,617
Charge for year 105 116 2,296 2,517
Eliminated on disposal (1,852 ) - (3,024 ) (4,876 )
At 31 March 2024 1,259 10,666 5,333 17,258
NET BOOK VALUE
At 31 March 2024 209 349 6,552 7,110
At 31 March 2023 787 465 9,681 10,933

CHAMBERS & CO ACCOUNTANTS LLP (REGISTERED NUMBER: OC372449)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,418 42,494
Amounts recoverable on contract 8,000 9,000
Prepayments 3,000 3,250
59,418 54,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 4,193 3,806
VAT 19,254 17,447
Other creditors 4,413 76
27,860 21,329

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' would rank below other creditors in a winding of the LLP.