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REGISTERED NUMBER: OC309067 (England and Wales)















Report of the Members and

Financial Statements for the Year Ended 31 March 2024

for

Quants Surveying Services LLP

Quants Surveying Services LLP (Registered number: OC309067)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Quants Surveying Services LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M Quinn
S Wells
E Lynam





REGISTERED OFFICE: Hub Space Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS





REGISTERED NUMBER: OC309067 (England and Wales)

Quants Surveying Services LLP (Registered number: OC309067)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of quantity surveying.

DESIGNATED MEMBERS
The designated members during the year under review were:

M Quinn
S Wells
E Lynam

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £321,766 (2023 - £415,677 profit).

MEMBERS' INTERESTS
M Quinn 50%
E Lynam 50%
S Wells 0%

ON BEHALF OF THE MEMBERS:





E Lynam - Designated member


1 April 2024

Quants Surveying Services LLP (Registered number: OC309067)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 1,587,756 1,308,232

Cost of sales 1,153,135 817,289
GROSS PROFIT 434,621 490,943

Administrative expenses 114,925 75,300
OPERATING PROFIT 4 319,696 415,643

Interest receivable and similar income 2,070 34
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




321,766




415,677

Quants Surveying Services LLP (Registered number: OC309067)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,021 20,183

CURRENT ASSETS
Debtors 6 236,804 124,413
Cash at bank 116,060 92,468
352,864 216,881
CREDITORS
Amounts falling due within one year 7 171,196 112,206
NET CURRENT ASSETS 181,668 104,675
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

198,689

124,858

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

198,689

124,858

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 198,689 124,858

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 1 April 2024 and were signed by:





E Lynam - Designated member

Quants Surveying Services LLP (Registered number: OC309067)

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

1. STATUTORY INFORMATION

Quants Surveying 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 5,674 119

Quants Surveying Services LLP (Registered number: OC309067)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 42,439
Additions 2,512
At 31 March 2024 44,951
DEPRECIATION
At 1 April 2023 22,256
Charge for year 5,674
At 31 March 2024 27,930
NET BOOK VALUE
At 31 March 2024 17,021
At 31 March 2023 20,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 236,804 123,195
Other debtors - 1,218
236,804 124,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 84,984 17,587
Other creditors 86,212 94,619
171,196 112,206

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

.