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REGISTERED NUMBER: OC433134 (England and Wales)















Report of the Members and

Financial Statements for the Year Ended 30th September 2023

for

Skidmore, Owings & Merrill (Europe) LLP

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

General Information 1

Report of the Members 2

Report of the Independent Auditors 4

Statement of Comprehensive Income 6

Balance Sheet 7

Reconciliation of Members' Interests 8

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


Skidmore, Owings & Merrill (Europe) LLP

General Information
for the Year Ended 30th September 2023







Designated members: T D W Behr
K Jackson
Skidmore, Owings & Merrill, Inc.





Registered office: The Broadgate Tower
20 Primrose Street
London
EC2A 2EW





Registered number: OC433134 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Report of the Members
for the Year Ended 30th September 2023

The members present their report with the financial statements of the LLP for the year ended 30th September 2023.

Principal activity
The principal activity of the LLP in the year under review was that of architectural and design services.

Designated members
The designated members during the year under review were:

T D W Behr
K Jackson
Skidmore, Owings & Merrill, Inc.

Results for the year and allocation to members
The loss for the year before members' remuneration and profit shares was £2,185,911 (2022 - £1,053,290 loss).

Members' interests
Each corporate member may draw the profits for each relevant accounting period and historic periods. If any member withdraws funds in excess of its profit share within an accounting period, the excess drawings must be repaid to the LLP immediately.

A member's share of the profit or loss for the period is accounted for as an allocation of profits.
If it is determined further funding is required then at the corporate members discretion they may provide funding by way of loans on such commercial terms as they shall reasonably require.

Any further funding shall be advanced or repaid in the same proportions as each corporate member is entitled to profits.

Political donations and expenditure
Charitable donations of £6,225 were made during the period.

Statement of members' responsibilities
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information.

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Report of the Members
for the Year Ended 30th September 2023


Auditors
The auditors, Haines Watts Wales LLP, Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the members:





T D W Behr - Designated member


30th October 2024

Report of the Independent Auditors to the Members of
Skidmore, Owings & Merrill (Europe) LLP

Opinion
We have audited the financial statements of Skidmore, Owings & Merrill (Europe) LLP (the 'LLP') for the year ended 30th September 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the LLP's affairs as at 30th September 2023 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusion relating to going concern
In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information
The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of members
As explained more fully in the Statement of Members' Responsibilities set out on page two, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Skidmore, Owings & Merrill (Europe) LLP


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our planning procedures identify the legal and regulatory frameworks applicable to the operations and financial statements of the LLP. These are reviewed internally with the audit team including relevant industry experience and expectations as well as externally with the client management. The key laws and regulations we considered in this context were the UK Companies Act 2006, UK GAAP (FRS 102) and relevant tax legislation.

Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly. Our audit procedures include:

- Discussing with management which areas of the business they believe to be more susceptible to fraud, and
whether they have any knowledge or suspicion of fraudulent activities;
- Obtaining an understanding of the key controls put in place by the LLP to address risks identified, assessing the
effectiveness of those and discussing how these are maintained and monitored internally;
- Assessing the risk of management override and review and testing of journal entries made into the accounting
system;
- Challenging assumptions and judgements made by the LLP in relation to the significant accounting estimates
employed in the preparation of the financial statements;
- Discussing with management the legal and regulatory obligations of the business and whether they have any
knowledge or suspicion of non compliance.

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularities likely involve collusion, forgery, intentional misrepresentation, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.




Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

30th October 2024

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Statement of Comprehensive
Income
for the Year Ended 30th September 2023

2023 2022
Notes £    £   

Turnover 3 26,888,569 32,815,951

Cost of sales (17,215,671 ) (24,167,559 )
Gross profit 9,672,898 8,648,392

Distribution costs (15,114 ) (17,901 )
Administrative expenses (11,843,925 ) (9,685,073 )
(2,186,141 ) (1,054,582 )

Other operating income 230 1,292
Operating loss and
Loss for the financial year before members'
remuneration and profit shares available
for discretionary division among members


(2,185,911


)


(1,053,290


)


Other comprehensive income - -
Total comprehensive income for the year (2,185,911 ) (1,053,290 )

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Balance Sheet
30th September 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 8 316,141 462,355
Investments 9 224,603 115,138
540,744 577,493

Current assets
Debtors 10 11,487,121 6,064,123
Cash at bank 1,611,784 1,955,187
13,098,905 8,019,310
Creditors
Amounts falling due within one year 11 (13,639,649 ) (7,139,873 )
Net current (liabilities)/assets (540,744 ) 879,437
Total assets less current liabilities
and
Net assets attributable to members - 1,456,930

Loans and other debts due to members 14 - 1,456,930

Total members' interests
Loans and other debts due to members 14 - 1,456,930
Amounts due from members 10 (1,012,666 ) (283,685 )
(1,012,666 ) 1,173,245

The financial statements were approved by the members of the LLP and authorised for issue on 30th October 2024 and were signed by:





T D W Behr - Designated member

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Reconciliation of Members' Interests
for the Year Ended 30th September 2023


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,456,930
Amount due from members (283,685 )
Balance at 1st October 2022 - 1,173,245 1,173,245
Loss for the financial year available
for discretionary division among
members


(2,185,911


)


-


(2,185,911


)


Members' interests after loss for the
year

(2,185,911

)

1,173,245

(1,012,666

)

Other divisions of loss 2,185,911 (2,185,911 ) -
Amount due to members -
Amount due from members (1,012,666 )
Balance at 30th September 2023 - (1,012,666 ) (1,012,666 )

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Reconciliation of Members' Interests
for the Year Ended 30th September 2023

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 1,390,536
Amount due from members (243,424 )
Balance at 1st October 2021 - 1,147,112 1,147,112
Loss for the financial year available
for discretionary division among
members


(1,053,290


)


-


(1,053,290


)


Members' interests after loss for the
year

(1,053,290

)

1,147,112

93,822

Other divisions of loss 1,053,290 (1,053,290 ) -
Introduced by members - 1,079,423 1,079,423
Amount due to members 1,456,930
Amount due from members (283,685 )
Balance at 30th September 2022 - 1,173,245 1,173,245

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Cash Flow Statement
for the Year Ended 30th September 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 2 (334,905 ) (3,060,765 )
Net cash from operating activities (334,905 ) (3,060,765 )

Cash flows from investing activities
Purchase of tangible fixed assets (82,483 ) (208,799 )
Purchase of fixed asset investments (109,465 ) (115,000 )
Net cash from investing activities (191,948 ) (323,799 )

Cash flows from financing activities
Transactions with members and former members
Contributions by members - 1,079,423
Net cash from financing activities - 1,079,423

Decrease in cash and cash equivalents (526,853 ) (2,305,141 )
Cash and cash equivalents at beginning
of year

3

1,955,187

4,260,328

Cash and cash equivalents at end of year 3 1,428,334 1,955,187

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Cash Flow Statement
for the Year Ended 30th September 2023

1. Classification of share of profits in the cash flow statement
A member's share of the profit or loss for the year is accounted for as an allocation of profits and is consistent year on year.

2. Reconciliation of loss for the financial year before members' remuneration and profit shares available for
discretionary division among members to cash generated from operations
2023 2022
£    £   
Loss for the financial year before members' remuneration and profit shares
available for discretionary division among members

(2,185,911

)

(1,053,290

)
Depreciation charges 228,697 293,575
(1,957,214 ) (759,715 )
(Increase)/decrease in trade and other debtors (4,694,017 ) 378,259
Increase/(decrease) in trade and other creditors 6,316,326 (2,679,309 )
Cash generated from operations (334,905 ) (3,060,765 )

3. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30th September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 1,611,784 1,955,187
Bank overdrafts (183,450 ) -
1,428,334 1,955,187
Year ended 30th September 2022
30.9.22 1.10.21
£    £   
Cash and cash equivalents 1,955,187 4,260,328


4. Analysis of changes in net funds

Other
non-cash
At 1.10.22 Cash flow changes At 30.9.23
£    £    £    £   
Net cash
Cash at bank 1,955,187 (343,403 ) 1,611,784
Bank overdrafts - (183,450 ) (183,450 )
1,955,187 (526,853 ) 1,428,334
Net funds (before
members' debt) 1,955,187 (526,853 ) - 1,428,334

Loans and other debts
due to members
Other amounts
due to members (1,456,930 ) - 1,456,930 -
Net funds 498,257 (526,853 ) 1,456,930 1,428,334

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

1. Statutory information

Skidmore, Owings & Merrill (Europe) 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" 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.

Going concern
The members have considered future trading prospects and the financial forecasts prepared for future periods and have a reasonable expectation that profits will be reported and that the LLP will have adequate working capital.

Included with creditors due less than one year is £6,646,339 due SOM Inc. SOM inc has confirmed that the amount will not be payable until Skidmore, Ownings & Merrill (Europe) is able to do so without any detrimental impact on its trading position.

Included within amounts owed from group of £1,107,911. Recovery post year end has resulted in the balance being recovered and the members believe there are no concerns on future balances being fully recoverable.

Since the balance sheet date, the LLP has been able to continue to trade and pay its debts as they fall due. The LLP has support from SOM Inc, confirming that it will continue to make availability of funds as required to ensure the LLP can meet its known and future liabilities as they fall due.

On this basis, the members believe that the going concern basis is appropriate to the preparation of these financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents amounts chargeable, exclusive of Value Added Tax, in respect of the supply of architectural and design services to the private and public sector.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33.3% on cost, 20% on cost and 10% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

2. Accounting policies - continued

Long term contracts
Revenue from long term contracts is recognised by stage of completion. Stage of completion is measured by reference to progress through deliverables as a percentage of total estimated costs for each contract. Where the contact outcome cannot be measured reliably, revenue is measured only to the extent of the expenses in which they are first foreseen.

3. Turnover

The turnover and loss for the financial year before members' remuneration and profit shares are attributable to the one principal activity of the LLP.

4. Employee information
2023 2022
£    £   
Wages and salaries 7,235,647 6,778,633
Social security costs 809,276 773,528
Other pension costs 271,264 235,462
8,316,187 7,787,623

The average number of employees during the year was as follows:
2023 2022

Finance and operations 116 113

5. Operating loss

The operating loss is stated after charging:

2023 2022
£    £   
Hire of plant and machinery 2,962 2,839
Other operating leases 800,629 762,774
Depreciation - owned assets 228,697 293,575
Auditors' remuneration 11,000 10,000
Foreign exchange differences 24,714 769,914

6. Exceptional items
2023 2022
£    £   
Exceptional items (1,291,706 ) (525,070 )

Included within exceptional items are the following items:
1.An amounts recoverable on contract write off of £289,696 was processed through the 30 September
2023 financial statements. This related to projects which are no longer recoverable.
2. A trade debtors write off of £823,634 was processed through the 30 September 2023 financial
statements. This relates to projects which are no longer recoverable.
3.An amounts recoverable on contract write off of £178,376 was processed through the 30 September
2023 financial statements. This related to projects which are no longer recoverable.

7. Information in relation to members

2023 2022

The average number of members during the year was 3 3

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

8. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1st October 2022 901,444 633,570 1,971,695 3,506,709
Additions 46,454 - 36,029 82,483
At 30th September 2023 947,898 633,570 2,007,724 3,589,192
Depreciation
At 1st October 2022 814,639 493,356 1,736,359 3,044,354
Charge for year 86,805 48,829 93,063 228,697
At 30th September 2023 901,444 542,185 1,829,422 3,273,051
Net book value
At 30th September 2023 46,454 91,385 178,302 316,141
At 30th September 2022 86,805 140,214 235,336 462,355

9. Fixed asset investments
Interest
Interest in other
in joint participating
venture interests Totals
£    £    £   
Cost
At 1st October 2022 138 115,000 115,138
Additions - 109,465 109,465
At 30th September 2023 138 224,465 224,603
Net book value
At 30th September 2023 138 224,465 224,603
At 30th September 2022 138 115,000 115,138

10. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 6,395,391 2,854,166
Amounts owed by group undertakings 1,107,911 990,522
Amounts due from members 1,012,666 283,685
Amounts recoverable on contract 1,986,962 1,350,203
Other debtors 301,818 178,640
VAT 52,630 77,263
Prepayments and accrued income 629,743 329,644
11,487,121 6,064,123

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

11. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts (see note 12) 183,450 -
Payments on account 2,755,505 1,838,241
Trade creditors 1,053,567 456,493
Amounts owed to group undertakings 6,646,339 3,174,948
Social security and other taxes 47,000 -
Other creditors - 2,240
Accrued expenses 2,953,788 1,667,951
13,639,649 7,139,873

12. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 183,450 -

13. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 380,394 512,830
Between one and five years 3,793,000 491,462
In more than five years 4,943,312 -
9,116,706 1,004,292

Lease payments recognised as an expense during the period amount to £539,756

14. Loans and other debts due to members
2023 2022
£    £   
Amounts owed to members in respect of profits - 1,456,930

Falling due within one year - 1,456,930

Upon winding up of the LLP, amounts in loans and other debts due to members shall be paid by the liquidator on the basis of each member's respective entitlements after payment of all money due to the creditors of the LLP and after all expenses of the winding up.

There are no restrictions or limitations which exist on the ability of the members to reduce the amount of 'Member' other interests'.

15. Pension commitments

The LLP operates a defined contribution pension scheme. The pension cost for the year represents contributions payable by the LLP to the scheme and amounted to £271,264 (2022: £235,462). The amount included within creditors owed to the scheme at the period end amounted to £61,333 (2022: £41,252).

Skidmore, Owings & Merrill (Europe) LLP (Registered number: OC433134)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

16. Ultimate parent company

The LLP's immediate parent undertaking Skidmore Owings & Merrill Inc which is incorporated in USA.

The LLP's ultimate parent undertaking and controlling party is Skidmore, Owings & Merrill LLP, a New York, USA partnership. Copies of the financial statements can be found at:
7 World Trade Center
250 Greenwich Street
New York
10007
USA

17. Related party disclosures

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Entities with control, joint control or significant influence over the entity
2023 2022
£    £   
Sales 4,453,834 2,890,951
Purchases 7,343,605 7,915,450
Amount due from related parties 1,107,911 990,522
Amount due to related parties 6,646,339 3,174,948