REGISTERED NUMBER: |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
REGISTERED NUMBER: |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 8 |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Town Wall House |
Balkerne Hill |
Colchester |
Essex |
CO3 3AD |
BANKERS: |
9 High Street |
Colchester |
Essex |
CO1 1DA |
SOLICITORS: |
1 Amphora Place |
Sheepen Road |
Colchester |
Essex |
CO3 3WG |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 764,167 | 1,027,061 |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
11 |
393,667 |
509,561 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 370,500 | 517,500 |
764,167 | 1,027,061 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 11 | 393,667 | 509,561 |
Members' other interests | 370,500 | 517,500 |
764,167 | 1,027,061 |
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. |
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 Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Daniel Connal Limited Liability Partnership is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest £1. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Leasehold Improvements - straight line over 10 years |
Fixtures and Fittings - 15% reducing balance & 20% straight line |
Motor Vehicles - 15% on reducing balance |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs |
The LLP operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the LLP. The annual contributions payable are charged to the statement of comprehensive income. |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
3. | ACCOUNTING POLICIES - continued |
Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
Members' participation rights |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). |
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. |
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Goodwill | Website | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
AMORTISATION |
At 1 January 2023 |
Amortisation for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | and | Motor |
Improvements | Fittings | Vehicles | 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 |
7. | STOCKS |
2023 | 2022 |
£ | £ |
Consumables |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other tax and social security |
Other creditors |
Accruals and deferred income |
10. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Upon the winding up of the LLP the balance of assets of the LLP after discharging the liabilities of the LLP shall be applied in paying to each Member: |
- | any unpaid profits which are due to him; |
- | his share of the LLP capital; |
- | his share of any balance in the same proportion as he was, at the date of determination, entitled to share the profits of the LLP. |
If the amount available is insufficient to discharge in full any payment to be made under the above sub-paragraphs, the payment shall be made to the Members pro rata to the amounts that they would have received had the amount been sufficient. |
There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'. |
DANIEL CONNAL LIMITED LIABILITY |
PARTNERSHIP (REGISTERED NUMBER: OC310651) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
12. | TRANSACTIONS WITH THE MEMBERS |
In the year the Limited Liability Partnership rented premises from The Glasshouse Partnership, a property jointly owned by Mr S Jacklin and Mr R Dale. The rent and service charges in the year were £31,301 (2022: £17,856). During the year £38,451 (2022: £24,858) was paid in respect of these expenses. Included within trade creditors at the year end is £Nil (2022: £889) due to The Glasshouse Partnership. Sales in the year were £215 (2022: £Nil) and included within trade debtors at the year end is £258 (2022: £Nil) due from The Glasshouse Partnership. |
In the year the Limited Liability Partnership made sales to Ball Hall (Project Management) Limited, a company owned by Mr S Jacklin and Mr R Dale. The sales totalled £8,753 (2022: £10,719). During the year £11,120 (2022: £16,596) was received in respect of these sales. Included within trade debtors at the year end is £622 (2022: £1,238) receivable from Ball Hall (Project Management) Limited. |
At the year end the following amounts due to members were included within trade creditors: |
2023 | 2022 |
£ | £ |
Mr S Jacklin | 2,180 | 1,584 |
Mr R Dale | 405 | 2,759 |
Mr J Dennis | 63 | 36 |
Mr J Froude | 655 | 3,027 |
Mr J Read | 93 | 2,568 |
Included within other creditors is an amount due to Mr S Jacklin of £255,268. |