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REGISTERED NUMBER: OC327595 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DAFFERNS LLP

DAFFERNS LLP (REGISTERED NUMBER: OC327595)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAFFERNS LLP

GENERAL INFORMATION
for the year ended 30 June 2024







DESIGNATED MEMBERS: Martin Gibbs Limited
Brian Jukes Limited
Geoffrey Cox Limited
Brian King Limited





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: OC327595 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,064 81,911

CURRENT ASSETS
Debtors 5 1,079,219 877,570
Cash at bank and in hand 7,281 237,198
1,086,500 1,114,768
CREDITORS
Amounts falling due within one year 6 341,500 320,711
NET CURRENT ASSETS 745,000 794,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,064

875,968

CREDITORS
Amounts falling due after more than one
year

7

16,492

18,848
NET ASSETS ATTRIBUTABLE TO
MEMBERS

801,572

857,120

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

801,132

856,570

MEMBERS' OTHER INTERESTS
Capital accounts 440 550
801,572 857,120

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 801,132 856,570
Members' other interests 440 550
801,572 857,120

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 June 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.

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

BALANCE SHEET - continued
30 June 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 27 November 2024 and were signed by:




Martin Gibbs Limited - Designated member




Geoffrey Cox Limited - Designated member


DAFFERNS LLP (REGISTERED NUMBER: OC327595)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Dafferns 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.

Turnover
Turnover represents the net invoiced value of services provided, except in respect of service contracts where 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 - 10% to 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 37 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 July 2023 97,071 130,182 227,253
Additions - 13,966 13,966
At 30 June 2024 97,071 144,148 241,219
DEPRECIATION
At 1 July 2023 40,102 105,240 145,342
Charge for year 6,330 16,483 22,813
At 30 June 2024 46,432 121,723 168,155
NET BOOK VALUE
At 30 June 2024 50,639 22,425 73,064
At 30 June 2023 56,969 24,942 81,911

DAFFERNS LLP (REGISTERED NUMBER: OC327595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 730,860 582,136
Work done not billed to clients 191,758 141,557
Other debtors - 1,743
Prepayments 156,601 152,134
1,079,219 877,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,569 -
Trade creditors 94,129 91,714
Social security and other taxes 179,961 185,697
Other creditors 8,492 13,972
Accrued expenses 50,993 26,972
Deferred government grants 2,356 2,356
341,500 320,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Deferred government grants 16,492 18,848

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with other creditors who are unsecured. There is no protection afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members ' other interests'.

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £1,250,000 (2023: £1,375,000).

10. RELATED PARTY DISCLOSURES

The leasehold premises, at One Eastwood, Binley Business Park, Coventry is leased from the TMD Property Consortium. The consortium currently has eight SIPP members of which seven are related parties. The beneficiaries of five of which, MJ Gibbs, BC Jukes, GR Cox, BA King and K Keeling, are the representative directors of corporate members of Dafferns LLP and L Cox and A Refson, who are non representative directors of corporate members of Dafferns LLP. Rent of £125,000 (2023: £125,000) was paid in the year.