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REGISTERED NUMBER: OC320371 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MARCHFIELD MANAGEMENT SERVICES LLP

MARCHFIELD MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC320371)






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 6

MARCHFIELD MANAGEMENT SERVICES LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: J H James
R J James





REGISTERED OFFICE: Chells Manor Lodge
2 Manor House Drive
Stevenage
Hertfordshire
SG2 7RR





REGISTERED NUMBER: OC320371 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

MARCHFIELD MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC320371)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,443 5,083

CURRENT ASSETS
Stocks 7 7
Debtors 5 61,626 64,873
Cash at bank and in hand 9,001 17,028
70,634 81,908
CREDITORS
Amounts falling due within one year 6 60,863 81,250
NET CURRENT ASSETS 9,771 658
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,214

5,741

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

11,214

5,741

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 11,214 5,741

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.

MARCHFIELD MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC320371)

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 16 October 2024 and were signed by:





R J James - Designated member

MARCHFIELD MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC320371)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Marchfield Management Services 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 net invoiced services, excluding value added tax, turnover is recognised when the LLP obtains the right to consideration.

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 - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 15,829
Additions 175
At 31 March 2024 16,004
DEPRECIATION
At 1 April 2023 10,746
Charge for year 3,815
At 31 March 2024 14,561
NET BOOK VALUE
At 31 March 2024 1,443
At 31 March 2023 5,083

MARCHFIELD MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC320371)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,698 6,513
Other debtors 57,928 58,360
61,626 64,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,398 9,898
Taxation and social security 8,681 9,982
Other creditors 50,784 61,370
60,863 81,250

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The members’ agreement states that 100% of profits are automatically divided equally between the members.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Marchfield Management Services 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 Marchfield Management Services LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Marchfield Management Services 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 Marchfield Management Services LLP and state those matters that we have agreed to state to the members of Marchfield Management Services 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 Marchfield Management Services LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Marchfield Management Services 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 Marchfield Management Services LLP. You consider that Marchfield Management Services 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 Marchfield Management Services 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.






Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


16 October 2024