REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
CHRISTOPHER DAVIDSON SOLICITORS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
CHRISTOPHER DAVIDSON SOLICITORS LLP |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 7 |
CHRISTOPHER DAVIDSON SOLICITORS LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
193,755 |
307,311 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
193,755 |
307,311 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 193,755 | 307,311 |
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. |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2024 |
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 |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Christopher Davidson Solicitors 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover is the revenue arising from the sale of services. It is stated at fair value of consideration receivable net of Value Added Tax. Revenue is recognised when the LLP has performed its obligations and, in exchange, obtained the right consideration. |
Disbursements incurred on behalf of clients during the year are included in turnover. No profit is made on these disbursements. |
Revenue is recognised in accordance with the requirements of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" so that the estimated sales value of work done is accounted for in proportion to the stage of completion of that work, taking into account any uncertainties as to recovery. |
Tangible fixed assets |
Fixtures and fittings | - |
Equipment | - |
All fixed assets are initially recorded at cost. The library assets are constantly being replaced and the value is not subject to material variation. All library additions are expensed in the year that they are purchased. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Operating leases |
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Members' participation rights |
Under the Members' Agreement, to which the LLP is a party, all profits are treated as being allocated in the financial year and are therefore disclosed as members' remuneration charged as an expense. |
The LLP has no right to refuse payment to the members for their capital and therefore it has been treated as a financial liability. Where members' capital accounts are overdrawn they are presented as an asset and disclosed as amounts due from members. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings | Equipment | Library | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Work in progress |
Prepayments |
CHRISTOPHER DAVIDSON SOLICITORS LLP (REGISTERED NUMBER: OC351476) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Loans |
Trade creditors |
Social security and other taxes |
VAT | 63,932 | 46,362 |
Amount due to prior member | 32,480 | 32,480 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Amounts due to prior member | 8,120 | 40,599 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.24 | 31.3.23 |
£ | £ |
Amounts owed to members in respect of profits | 193,755 | 307,311 |
Falling due within one year | 193,755 | 307,311 |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |
9. | RELATED PARTY TRANSACTIONS |
The LLP rents part of its trading property from 2 & 3 Oriel Terrace Trust ("the Trust"), a partnership between the members of the LLP. During the year the LLP paid rent of £35,000 (2023: £35,000) to the Trust. At 31 March 2024 there was no balance outstanding between the parties (2023: £nil). |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CHRISTOPHER DAVIDSON SOLICITORS LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Christopher Davidson Solicitors LLP for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the members of Christopher Davidson Solicitors LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Christopher Davidson Solicitors LLP and state those matters that we have agreed to state to the members of Christopher Davidson Solicitors LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Christopher Davidson Solicitors LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Christopher Davidson Solicitors LLP. You consider that Christopher Davidson Solicitors LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Christopher Davidson Solicitors LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |