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REGISTERED NUMBER: OC427438 (England and Wales)






















Report of the Members and

Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Cooper Sons Hartley and Williams LLP

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)






Contents of the Financial Statements
for the period 1 January 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Cooper Sons Hartley and Williams LLP

General Information
for the period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: E K Bassett
D J Hall
K J Proven
N S Sharpe
S R Shuff
J E Twemlow
K L Critchlow





REGISTERED OFFICE: 9 Terrace Road
Buxton
Derbyshire
SK17 6DU





REGISTERED NUMBER: OC427438 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Report of the Members
for the period 1 January 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 January 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of a solicitors practice.

DESIGNATED MEMBERS
The designated members during the period under review were:

E K Bassett
L S Crowe
D J Hall
L H Middleton
K J Proven
N S Sharpe
S R Shuff
J E Twemlow
K L Critchlow

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £732,476 (2022 - £614,521 profit).

MEMBERS' INTERESTS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A members capital requirement is linked to their share of profit and financing requirement of the business. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

ON BEHALF OF THE MEMBERS:





N S Sharpe - Designated member


16 October 2024

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Income Statement
for the period 1 January 2023 to 31 March 2024

Period
1.1.23
to Year Ended
31.3.24 31.12.22
Notes £ £

TURNOVER 2,225,130 2,012,670

Cost of sales (955,094 ) (790,936 )
GROSS PROFIT 1,270,036 1,221,734

Administrative expenses (810,996 ) (622,766 )
OPERATING PROFIT 459,040 598,968

Interest receivable and similar income 317,046 26,623
776,086 625,591

Interest payable and similar expenses (43,610 ) (11,070 )
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


732,476


614,521

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


732,476


614,521

Members' remuneration charged as an expense 4 (732,476 ) (614,521 )
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Balance Sheet
31 March 2024

2024 2022
Notes £ £
FIXED ASSETS
Intangible assets 5 24,600 29,725
Tangible assets 6 97,776 83,674
122,376 113,399

CURRENT ASSETS
Debtors 7 627,674 684,081
Cash at bank and in hand 215,430 577,443
843,104 1,261,524
CREDITORS
Amounts falling due within one year 8 (338,577 ) (210,115 )
NET CURRENT ASSETS 504,527 1,051,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,903

1,164,808

CREDITORS
Amounts falling due after more than one year 9 (79,167 ) (139,411 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

547,736

1,025,397

LOANS AND OTHER DEBTS DUE TO
MEMBERS

547,736

1,025,397

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 547,736 1,025,397

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 period 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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 October 2024 and were signed by:





N S Sharpe - Designated member

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Notes to the Financial Statements
for the period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Cooper Sons Hartley and Williams 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 represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax.

Turnover is recognised when a right to consideration has been obtained through performance under each contract, and where it is probable that economic benefits will flow to the entity, and the amount can be measured reliably.

Unbilled revenue is included in debtors within prepayments and accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of thirteen 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 cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittings - 20% straight line
Computer equipment - 33% straight line
Improvements to property - 10 year straight line

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.

Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 29 (2022 - 31 ) .

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

4. INFORMATION IN RELATION TO MEMBERS
Period
1.1.23
to Year Ended
31.3.24 31.12.22
£ £
Members' remuneration charged as an expense
Partners' salaries 732,476 614,521

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 March 2024 41,000
AMORTISATION
At 1 January 2023 11,275
Charge for period 5,125
At 31 March 2024 16,400
NET BOOK VALUE
At 31 March 2024 24,600
At 31 December 2022 29,725

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 222,543
Additions 37,023
At 31 March 2024 259,566
DEPRECIATION
At 1 January 2023 138,869
Charge for period 22,921
At 31 March 2024 161,790
NET BOOK VALUE
At 31 March 2024 97,776
At 31 December 2022 83,674

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Trade debtors 213,843 210,849
Other debtors 413,831 473,232
627,674 684,081

Cooper Sons Hartley and Williams LLP (Registered number: OC427438)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Bank loans and overdrafts 49,999 49,999
Taxation and social security 66,369 95,213
Other creditors 222,209 64,903
338,577 210,115

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£ £
Bank loans 79,167 139,411

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£ £
Within one year 40,145 42,828
Between one and five years 93,392 110,190
In more than five years 68,127 109,393
201,664 262,411