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REGISTERED NUMBER: OC353893 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FRASER DAWBARNS LLP

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRASER DAWBARNS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: I Grimes
S Lamb
J Rushmer
N C John
H M Jarvis





REGISTERED OFFICE: 1 - 3 York Row
Wisbech
PE13 1EA





REGISTERED NUMBER: OC353893 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 393,466 395,081
393,466 395,081

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 3,364,509 2,914,088
Cash at bank and in hand 807,517 536,246
4,184,026 3,462,334
CREDITORS
Amounts falling due within one year 7 1,232,686 874,469
NET CURRENT ASSETS 2,951,340 2,587,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,344,806

2,982,946

CREDITORS
Amounts falling due after more than one year 8 237,011 379,213
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,107,795

2,603,733

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

3,107,795

2,603,733

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 3,107,795 2,603,733

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 30 April 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.

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

BALANCE SHEET - continued
30 APRIL 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 October 2024 and were signed by:





I Grimes - Designated member

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Fraser Dawbarns 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
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.

The members believe that the LLP is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Goodwill
Goodwill represents the amount paid in connection with the acquisition of a business in 2018.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - Straight line over 20 years
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Amounts recoverable on contracts
Amounts recoverable on contracts represents work done at the year end where a continuing right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The LLP operates defined contribution pension schemes. Contributions payable to the LLP's pension schemes are charged to profit or loss in the period to which they relate.

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 112 (2023 - 118 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 5,000
AMORTISATION
At 1 May 2023
and 30 April 2024 5,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 416,428 459,928 106,584 982,940
Additions 29,587 41,802 6,980 78,369
At 30 April 2024 446,015 501,730 113,564 1,061,309
DEPRECIATION
At 1 May 2023 214,323 284,093 89,443 587,859
Charge for year 25,736 49,705 4,543 79,984
At 30 April 2024 240,059 333,798 93,986 667,843
NET BOOK VALUE
At 30 April 2024 205,956 167,932 19,578 393,466
At 30 April 2023 202,105 175,835 17,141 395,081

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 153,130
Additions 25,000
At 30 April 2024 178,130
DEPRECIATION
At 1 May 2023 37,102
Charge for year 32,997
At 30 April 2024 70,099
NET BOOK VALUE
At 30 April 2024 108,031
At 30 April 2023 116,028

6. DEBTORS
30.4.24 30.4.23
as restated
£    £   
Amounts falling due within one year:
Trade debtors 1,035,787 918,487
Amounts recoverable on
contracts 2,098,443 1,807,667
Other debtors 225,279 182,934
3,359,509 2,909,088

Amounts falling due after more than one year:
Other debtors 5,000 5,000

Aggregate amounts 3,364,509 2,914,088

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
as restated
£    £   
Bank loans and overdrafts 109,091 109,091
Finance leases (see note 9) 32,020 28,359
Trade creditors 111,045 56,881
Taxation and social security 302,852 286,433
Other creditors 677,678 393,705
1,232,686 874,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
as restated
£    £   
Bank loans 109,091 218,182
Finance leases (see note 9) 99,995 107,621
Other creditors 27,925 53,410
237,011 379,213

Amounts falling due in more than five years:

Repayable by instalments
Finance leases - 3,072

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
30.4.24 30.4.23
as restated
£    £   
Net obligations repayable:
Within one year 32,020 28,359
Between one and five years 99,995 104,549
In more than five years - 3,072
132,015 135,980

FRASER DAWBARNS LLP (REGISTERED NUMBER: OC353893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.24 30.4.23
as restated
£    £   
Within one year 222,429 217,147
Between one and five years 415,272 630,291
In more than five years - 955
637,701 848,393

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
as restated
£    £   
Bank loans 218,182 327,273
Finance leases 132,015 135,980
350,197 463,253

The bank loans are secured by a debenture over the book debts of the LLP. The finance leases are secured on the assets to which they relate.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, loans and other debts due to members and members' other interests rank subordinate to other unsecured creditors.