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REGISTERED NUMBER: OC304768 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVIES MAYERS TAX ADVISERS LLP

DAVIES MAYERS TAX ADVISERS LLP (REGISTERED NUMBER: OC304768)






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


DAVIES MAYERS TAX ADVISERS LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A R Baker
P A M Perry





REGISTERED OFFICE: Gainsborough House
Campden Business Park
Chipping Campden
Gloucestershire
GL55 6JX





REGISTERED NUMBER: OC304768 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

DAVIES MAYERS TAX ADVISERS LLP (REGISTERED NUMBER: OC304768)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,890 26,835

CURRENT ASSETS
Debtors 5 130,994 80,435
Cash at bank 61,468 93,823
192,462 174,258
CREDITORS
Amounts falling due within one year 6 (43,497 ) (26,332 )
NET CURRENT ASSETS 148,965 147,926
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

166,855

174,761

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

166,655

174,561

MEMBERS' OTHER INTERESTS
Capital accounts 200 200
166,855 174,761

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 166,655 174,561
Members' other interests 200 200
166,855 174,761

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.

DAVIES MAYERS TAX ADVISERS LLP (REGISTERED NUMBER: OC304768)

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 Profit and loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 September 2024 and were signed by:





A R Baker - Designated member

DAVIES MAYERS TAX ADVISERS LLP (REGISTERED NUMBER: OC304768)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Davies Mayers Tax Advisers LLP 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 (£).


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.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Amounts recoverable on contacts are calculated by reference to the fair value of the contracts in progress at the year end and by reference to the stage of completion of the contract at that time. These amounts are included within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEE INFORMATION

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

DAVIES MAYERS TAX ADVISERS LLP (REGISTERED NUMBER: OC304768)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 35,780 1,504 37,284
DEPRECIATION
At 1 April 2023 8,945 1,504 10,449
Charge for year 8,945 - 8,945
At 31 March 2024 17,890 1,504 19,394
NET BOOK VALUE
At 31 March 2024 17,890 - 17,890
At 31 March 2023 26,835 - 26,835

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,498 11,556
Amounts recoverable on contract 23,458 64,469
Other debtors 5,038 4,410
130,994 80,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,315 9,433
Taxation and social security 28,442 15,158
Other creditors 7,740 1,741
43,497 26,332

7. 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.