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REGISTERED NUMBER: OC335926 (England and Wales)















DRIENG LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DRIENG LLP (REGISTERED NUMBER: OC335926)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRIENG LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: C Tyrrell
Mrs M Tyrell





REGISTERED OFFICE: Suite D
South Cambridge Business Park
Babraham Road, Swaston
Cambridge
CB22 3JH





REGISTERED NUMBER: OC335926 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

DRIENG LLP (REGISTERED NUMBER: OC335926)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 31,683
Tangible assets 5 - 4,340
- 36,023

CURRENT ASSETS
Debtors 6 - 337,784
Prepayments and accrued income - 12,414
Cash at bank and in hand - 274,458
- 624,656
CREDITORS
Amounts falling due within one year 7 - 39,360
NET CURRENT ASSETS - 585,296
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

621,319

DRIENG LLP (REGISTERED NUMBER: OC335926)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

-

571,577

MEMBERS' OTHER INTERESTS
Capital accounts - 49,742
- 621,319

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 571,577
Members' other interests - 49,742
- 621,319

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 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 December 2024 and were signed by:





C Tyrrell - Designated member

DRIENG LLP (REGISTERED NUMBER: OC335926)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Drieng 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 and subsequently revalued in 2013, is being amortised evenly over its estimated useful life of 10 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.
Fixtures and fittings - 20% on cost
Computer equipment - 4% 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.

3. EMPLOYEE INFORMATION

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

DRIENG LLP (REGISTERED NUMBER: OC335926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 577,628
Disposals (31,683 )
At 31 March 2024 545,945
AMORTISATION
At 1 April 2023
and 31 March 2024 545,945
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 31,683

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 10,042 22,662 32,704
Disposals (625 ) (3,715 ) (4,340 )
At 31 March 2024 9,417 18,947 28,364
DEPRECIATION
At 1 April 2023
and 31 March 2024 9,417 18,947 28,364
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 625 3,715 4,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 337,784

DRIENG LLP (REGISTERED NUMBER: OC335926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 6,274
Taxation and social security - 28,192
Other creditors - 4,894
- 39,360

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.

9. RELATED PARTY DISCLOSURES

CS Consultancy Accountancy & Taxation Consultants Ltd was a member until 23 June 2023 with profit sharing entitlement.