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REGISTERED NUMBER: OC324099 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Michael Van Clarke LLP

Michael Van Clarke LLP (Registered number: OC324099)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael Van Clarke LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: M E Clarke
Miss L R Ortelli
Mrs G O Van Clarke





REGISTERED OFFICE: 52 Bluebridge Road
Brookmans Park
Hatfield
Hertfordshire
AL9 7SA





REGISTERED NUMBER: OC324099 (England and Wales)





ACCOUNTANTS: Venture Consulting (UK) Ltd
52 Bluebridge Road
Brookmans Park
Hatfield
Hertfordshire
AL9 7SA

Michael Van Clarke LLP (Registered number: OC324099)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,129 57,381

CURRENT ASSETS
Stocks 50,004 43,058
Debtors 5 1,977,801 1,760,864
Cash at bank and in hand 14,786 (13,001 )
2,042,591 1,790,921
CREDITORS
Amounts falling due within one year 6 856,597 1,021,751
NET CURRENT ASSETS 1,185,994 769,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,123

826,551

CREDITORS
Amounts falling due after more than one year 7 354,576 311,601
NET ASSETS ATTRIBUTABLE TO
MEMBERS

896,547

514,950

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

896,547

514,950

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 896,547 514,950

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 September 2024 and were signed by:




M E Clarke - Designated member

Michael Van Clarke LLP (Registered number: OC324099)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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 8 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 29,368 295,473 324,841
Additions 14,751 - 14,751
At 31 December 2023 44,119 295,473 339,592
DEPRECIATION
At 1 January 2023 - 267,460 267,460
Charge for year - 7,003 7,003
At 31 December 2023 - 274,463 274,463
NET BOOK VALUE
At 31 December 2023 44,119 21,010 65,129
At 31 December 2022 29,368 28,013 57,381

Michael Van Clarke LLP (Registered number: OC324099)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors (413,787 ) 136,636
Other debtors 1,519,228 1,624,228
1,105,441 1,760,864

Amounts falling due after more than one year:
Other debtors 872,360 -

Aggregate amounts 1,977,801 1,760,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 347,863 414,903
Taxation and social security 295,287 231,865
Other creditors 213,447 374,983
856,597 1,021,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 354,576 311,601

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and debts due to members rank equally with other creditors.