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REGISTERED NUMBER: OC373904 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Garside Waddingham Surveyors Llp

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Garside Waddingham Surveyors Llp

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: G F Hoyle
K Newton
D J Gibbs





REGISTERED OFFICE: Unit 3 Navigation Busines Village
Navigation Way
Ashton on Ribble
Preston
Lancashire
PR2 2YP





REGISTERED NUMBER: OC373904 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,764 2,294
1,764 2,294

CURRENT ASSETS
Debtors 6 50,727 40,595
Cash at bank and in hand 1,935 28,751
52,662 69,346
CREDITORS
Amounts falling due within one year 7 27,385 19,980
NET CURRENT ASSETS 25,277 49,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,041

51,660

CREDITORS
Amounts falling due after more than one
year

8

7,336

13,458
NET ASSETS ATTRIBUTABLE TO
MEMBERS

19,705

38,202

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

19,705

38,202

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 19,705 38,202
Amounts due from members 6 (37,810 ) (9,974 )
(18,105 ) 28,228

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.

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Statement of Financial Position - 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 1 October 2024 and were signed by:





G F Hoyle - Designated member

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Garside Waddingham Surveyors 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 preparation
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Government grants
Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 6 ) .

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 164,000
AMORTISATION
At 1 April 2023
and 31 March 2024 164,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 5,328 2,037 37,409 44,774
DEPRECIATION
At 1 April 2023 3,260 2,037 37,183 42,480
Charge for year 311 - 219 530
At 31 March 2024 3,571 2,037 37,402 43,010
NET BOOK VALUE
At 31 March 2024 1,757 - 7 1,764
At 31 March 2023 2,068 - 226 2,294

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,920 16,103
Amounts due from members 37,810 9,974
Other debtors - 12,133
Prepayments 1,997 2,385
50,727 40,595

Garside Waddingham Surveyors Llp (Registered number: OC373904)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Loans 6,122 5,970
Trade creditors 4,345 4,938
Pension Creditor 177 287
VAT 10,850 5,770
Other creditors 2,467 -
Accrued expenses 3,424 3,015
27,385 19,980

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Loans 6,277 6,122
Other loans - 2-5 years 1,059 7,336
7,336 13,458

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bounce Back Loan 13,458 19,428

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Do not hold any priority over other creditors and therefore rank equally.