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REGISTERED NUMBER: OC310651 (England and Wales)















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: Mr S Jacklin
Mr R A Dale
Mr J Dennis
Mr J Froude
Mr J Read



REGISTERED OFFICE: 780 The Crescent
Colchester Business Park
Colchester
Essex
CO4 9YQ



REGISTERED NUMBER: OC310651 (England and Wales)



ACCOUNTANTS: Haines Watts
Chartered Accountants
Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD



BANKERS: Barclays Bank plc
9 High Street
Colchester
Essex
CO1 1DA



SOLICITORS: Birkett Long LLP
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 5 472 1,844
Tangible assets 6 118,605 108,962
119,077 110,806

CURRENT ASSETS
Stocks 7 450 450
Debtors 8 707,806 607,690
Cash at bank and in hand 541,983 729,482
1,250,239 1,337,622
CREDITORS
Amounts falling due within one year 9 (605,149 ) (421,367 )
NET CURRENT ASSETS 645,090 916,255
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 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 December 2023.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 September 2024 and were signed by:



Mr J Dennis - Designated member

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

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.

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.

Website 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.
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 26 (2022 - 26 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,000 6,861 7,861
AMORTISATION
At 1 January 2023 1,000 5,017 6,017
Amortisation for year - 1,372 1,372
At 31 December 2023 1,000 6,389 7,389
NET BOOK VALUE
At 31 December 2023 - 472 472
At 31 December 2022 - 1,844 1,844

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 33,417 198,022 89,151 320,590
Additions 28,489 22,382 - 50,871
Disposals (30,473 ) (21,559 ) (27,762 ) (79,794 )
At 31 December 2023 31,433 198,845 61,389 291,667
DEPRECIATION
At 1 January 2023 30,114 146,670 34,844 211,628
Charge for year 1,105 13,937 10,852 25,894
Eliminated on disposal (28,399 ) (19,198 ) (16,863 ) (64,460 )
At 31 December 2023 2,820 141,409 28,833 173,062
NET BOOK VALUE
At 31 December 2023 28,613 57,436 32,556 118,605
At 31 December 2022 3,303 51,352 54,307 108,962

7. STOCKS
2023 2022
£    £   
Consumables 450 450

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 570,735 502,190
Other debtors 40 1,923
Prepayments and accrued income 137,031 103,577
707,806 607,690

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 78,040 80,650
Other tax and social security 190,608 206,948
Other creditors 234,637 6,303
Accruals and deferred income 101,864 127,466
605,149 421,367

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 109,583 100,101
Between one and five years 299,201 166,020
In more than five years 348,441 -
757,225 266,121

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.