IRIS Accounts Production v24.2.0.383 OC372242 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3722422023-03-31OC3722422024-03-31OC3722422023-04-012024-03-31OC3722422022-03-31OC3722422022-04-012023-03-31OC3722422023-03-31OC372242ns15:EnglandWales2023-04-012024-03-31OC372242ns14:PoundSterling2023-04-012024-03-31OC372242ns10:PartnerLLP12023-04-012024-03-31OC372242ns10:PartnerLLP22023-04-012024-03-31OC372242ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC372242ns10:SmallEntities2023-04-012024-03-31OC372242ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC372242ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC372242ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC372242ns10:FullAccounts2023-04-012024-03-31OC37224212023-04-012024-03-31OC372242ns10:PartnerLLP32023-04-012024-03-31OC372242ns10:PartnerLLP42023-04-012024-03-31OC372242ns10:PartnerLLP52023-04-012024-03-31OC372242ns10:PartnerLLP62023-04-012024-03-31OC372242ns10:RegisteredOffice2023-04-012024-03-31OC372242ns5:CurrentFinancialInstruments2024-03-31OC372242ns5:CurrentFinancialInstruments2023-03-31OC372242ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-31OC372242ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31OC372242ns5:NetGoodwill2023-04-012024-03-31OC372242ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31OC372242ns5:ComputerSoftware2023-04-012024-03-31OC372242ns5:FurnitureFittings2023-04-012024-03-31OC372242ns5:MotorVehicles2023-04-012024-03-31OC372242ns5:NetGoodwill2023-03-31OC372242ns5:IntangibleAssetsOtherThanGoodwill2023-03-31OC372242ns5:NetGoodwill2024-03-31OC372242ns5:IntangibleAssetsOtherThanGoodwill2024-03-31OC372242ns5:NetGoodwill2023-03-31OC372242ns5:IntangibleAssetsOtherThanGoodwill2023-03-31OC372242ns5:FurnitureFittings2023-03-31OC372242ns5:MotorVehicles2023-03-31OC372242ns5:FurnitureFittings2024-03-31OC372242ns5:MotorVehicles2024-03-31OC372242ns5:FurnitureFittings2023-03-31OC372242ns5:MotorVehicles2023-03-31OC372242ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC372242ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC372242ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: OC372242 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SIMMONS & SONS SURVEYORS LLP

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMMONS & SONS SURVEYORS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: T B Dunn
G D White
K J Clarke
J R M Greaves
F R D Hodge
O J Quinn





REGISTERED OFFICE: 32 Bell Street
Henley on Thames
Oxfordshire
RG9 2BH





REGISTERED NUMBER: OC372242 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,234 65,005
Investment property 6 250,000 250,000
300,234 315,005

CURRENT ASSETS
Stocks 75,000 75,000
Debtors 7 437,953 297,608
Cash at bank 356,000 399,794
868,953 772,402
CREDITORS
Amounts falling due within one year 8 438,278 378,452
NET CURRENT ASSETS 430,675 393,950
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

730,909

708,955

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

460,182

476,855

MEMBERS' OTHER INTERESTS
Capital accounts 195,727 157,100
Fair value reserve 10 75,000 75,000
730,909 708,955

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 460,182 476,855
Members' other interests 270,727 232,100
730,909 708,955

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.

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 September 2024 and were signed by:





K J Clarke - Designated member

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Simmons & Sons Surveyors 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Revenue in respect of surveying fees is recognised as the services are provided.

Elements of revenue in respect of estate agent fees which are contingent on the sales price of the property are recognised on exchange of contracts.

In respect of long term contracts and contracts for ongoing 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 ongoing services are recognised by reference to the stage of completion.

If, at the reporting date, completion of contractual obligations are dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the reporting date are carried forward as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2009 and 2013, are being amortised evenly over their estimated useful life of eight years.

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.

Customer lists is being amortised evenly over its estimated useful life of five years.

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 - 25.00% straight line and Straight line over 2 years
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

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 47 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 188,000 242,516 430,516
AMORTISATION
At 1st April 2023
and 31st March 2024 188,000 242,516 430,516
NET BOOK VALUE
At 31st March 2024 - - -
At 31st March 2023 - - -

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023 565,416 86,793 652,209
Additions 19,626 - 19,626
Disposals - (31,470 ) (31,470 )
At 31st March 2024 585,042 55,323 640,365
DEPRECIATION
At 1st April 2023 526,765 60,439 587,204
Charge for year 22,209 4,720 26,929
Eliminated on disposal - (24,002 ) (24,002 )
At 31st March 2024 548,974 41,157 590,131
NET BOOK VALUE
At 31st March 2024 36,068 14,166 50,234
At 31st March 2023 38,651 26,354 65,005

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 250,000
NET BOOK VALUE
At 31st March 2024 250,000
At 31st March 2023 250,000

Investment property comprises freehold property with a historic cost of £175,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at each reporting date by the members. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2016 40,000
Valuation in 2017 15,000
Valuation in 2019 10,000
Valuation in 2022 10,000
Cost 175,000
250,000

SIMMONS & SONS SURVEYORS LLP (REGISTERED NUMBER: OC372242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 437,637 297,608
Other debtors 316 -
437,953 297,608

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,787 51,653
Taxation and social security 180,124 153,299
Other creditors 235,367 173,500
438,278 378,452

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 75,000

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,131,875 (2023: £2,362,500).