IRIS Accounts Production v24.2.0.383 OC312203 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3122032023-03-31OC3122032024-03-31OC3122032023-04-012024-03-31OC3122032022-03-31OC3122032022-04-012023-03-31OC3122032023-03-31OC312203ns15:EnglandWales2023-04-012024-03-31OC312203ns14:PoundSterling2023-04-012024-03-31OC312203ns10:PartnerLLP12023-04-012024-03-31OC312203ns10:PartnerLLP22023-04-012024-03-31OC312203ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC312203ns10:SmallEntities2023-04-012024-03-31OC312203ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31OC312203ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC312203ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC312203ns10:FullAccounts2023-04-012024-03-31OC31220312023-04-012024-03-31OC312203ns10:PartnerLLP32023-04-012024-03-31OC312203ns10:PartnerLLP42023-04-012024-03-31OC312203ns10:PartnerLLP52023-04-012024-03-31OC312203ns10:RegisteredOffice2023-04-012024-03-31OC312203ns5:CurrentFinancialInstruments2024-03-31OC312203ns5:CurrentFinancialInstruments2023-03-31OC312203ns5:Non-currentFinancialInstruments2024-03-31OC312203ns5:Non-currentFinancialInstruments2023-03-31OC312203ns5:NetGoodwill2023-04-012024-03-31OC312203ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31OC312203ns5:NetGoodwill2023-03-31OC312203ns5:NetGoodwill2024-03-31OC312203ns5:NetGoodwill2023-03-31OC312203ns5:LeaseholdImprovements2023-03-31OC312203ns5:FurnitureFittings2023-03-31OC312203ns5:ComputerEquipment2023-03-31OC312203ns5:LeaseholdImprovements2023-04-012024-03-31OC312203ns5:FurnitureFittings2023-04-012024-03-31OC312203ns5:ComputerEquipment2023-04-012024-03-31OC312203ns5:LeaseholdImprovements2024-03-31OC312203ns5:FurnitureFittings2024-03-31OC312203ns5:ComputerEquipment2024-03-31OC312203ns5:LeaseholdImprovements2023-03-31OC312203ns5:FurnitureFittings2023-03-31OC312203ns5:ComputerEquipment2023-03-31OC312203ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC312203ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC312203ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-31OC312203ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-31OC312203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-31OC312203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31OC312203ns5:WithinOneYear2024-03-31OC312203ns5:WithinOneYear2023-03-31OC312203ns5:BetweenOneFiveYears2024-03-31OC312203ns5:BetweenOneFiveYears2023-03-31OC312203ns5:AllPeriods2024-03-31OC312203ns5:AllPeriods2023-03-31
REGISTERED NUMBER: OC312203 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROGER PARRY AND PARTNERS LLP

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)






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

Chartered Accountants' Report 8

ROGER PARRY AND PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: R L Parry
R Corbett
T G Watkins
G P Middleton
G Davies





REGISTERED OFFICE: Hogstow Hall
Minsterly
Shrewsbury
Shropshire
SY5 0HZ





REGISTERED NUMBER: OC312203 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 30,000 45,000
Tangible assets 6 27,166 21,439
57,166 66,439

CURRENT ASSETS
Debtors 7 525,786 542,361
Cash at bank and in hand 313,704 357,766
839,490 900,127
CREDITORS
Amounts falling due within one year 8 366,313 338,474
NET CURRENT ASSETS 473,177 561,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,343

628,092

CREDITORS
Amounts falling due after more than one
year

9

12,500

22,500
NET ASSETS ATTRIBUTABLE TO
MEMBERS

517,843

605,592

LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

517,843

605,592

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 12 517,843 605,592

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.

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 October 2024 and were signed by:




R L Parry - Designated member




R Corbett - Designated member


ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

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

1. STATUTORY INFORMATION

Roger Parry and Partners 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. 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.

The financial statements are prepared in Sterling (£), rounded to the nearest £1.

These financial statements are for the individual entity only.

Turnover
Turnover represents net invoiced sales of services and accrued income in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets
Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the assets and the costs attributable to bringing the assets to its working condition for its working use.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The LLP only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other trade creditors are initially recognised at transaction price
and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

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

3. 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.

Members' interests
Members' capital accounts are classified as liabilities in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Members' remuneration
Members' remuneration is regarded as an expense in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships, rather than as an allocation of profits.

Amounts recoverable on contract
Contracts for services have been accounted for as long term contracts where contract activity falls into different accounting periods, in accordance with provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The amount recorded as turnover is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 28 (2023 - 28 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 105,000
Charge for year 15,000
At 31 March 2024 120,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 45,000

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

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

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,951 28,261 54,490 98,702
Additions 9,896 582 6,570 17,048
Disposals (4,365 ) (6,730 ) (15,357 ) (26,452 )
At 31 March 2024 21,482 22,113 45,703 89,298
DEPRECIATION
At 1 April 2023 10,835 15,902 50,526 77,263
Charge for year 2,148 1,660 3,674 7,482
Eliminated on disposal (2,401 ) (4,855 ) (15,357 ) (22,613 )
At 31 March 2024 10,582 12,707 38,843 62,132
NET BOOK VALUE
At 31 March 2024 10,900 9,406 6,860 27,166
At 31 March 2023 5,116 12,359 3,964 21,439

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 315,299 316,988
Amounts recoverable on contract 189,680 189,008
Other debtors 4,800 107
Prepayments 16,007 36,258
525,786 542,361

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 69,206 92,330
Social security and other taxes 15,548 6,322
VAT 45,826 68,276
Other creditors 8,518 2,545
Client ledger balances 217,215 159,001
366,313 338,474

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 20,000
Bank loans - 2-5 years 2,500 2,500
12,500 22,500

ROGER PARRY AND PARTNERS LLP (REGISTERED NUMBER: OC312203)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 49,500 56,103
Between one and five years 41,667 81,667
91,167 137,770

11. SECURED DEBTS

The designated members have provided a personal guarantee of £148,500 on the bank overdraft.

12. LOANS AND OTHER DEBTS DUE TO MEMBERS

It is the policy of the members not to draw profits in preference of other creditors. There is no protection afforded to creditors.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROGER PARRY AND PARTNERS 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 Balance Sheet. 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 Roger Parry and Partners LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Roger Parry and Partners 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 Roger Parry and Partners LLP and state those matters that we have agreed to state to the members of Roger Parry and Partners LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roger Parry and Partners LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Roger Parry and Partners 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 Roger Parry and Partners LLP. You consider that Roger Parry and Partners 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 Roger Parry and Partners 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.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


10 October 2024