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REGISTERED NUMBER: OC362031 (England and Wales)















Unaudited Financial Statements for the Year Ended 7th April 2024

for

Pritchard Jones Lane LLP

Pritchard Jones Lane LLP (Registered number: OC362031)






Contents of the Financial Statements
for the Year Ended 7th April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pritchard Jones Lane LLP

General Information
for the Year Ended 7th April 2024







DESIGNATED MEMBERS: W T Jones
Miss I Wyn
S Blake
Mrs B Morgan





REGISTERED OFFICE: 37 Y Maes
Caernarfon
Gwynedd
LL55 2NN





REGISTERED NUMBER: OC362031 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Pritchard Jones Lane LLP (Registered number: OC362031)

Balance Sheet
7th April 2024

7.4.24 7.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,758 31,387

CURRENT ASSETS
Stocks 34,018 22,633
Debtors 5 67,399 63,787
Investments 6 5,000 -
Cash at bank and in hand 318,793 349,578
425,210 435,998
CREDITORS
Amounts falling due within one year 7 123,654 150,119
NET CURRENT ASSETS 301,556 285,879
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

334,314

317,266

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

334,314

317,266

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 334,314 317,266

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 7th 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.

Pritchard Jones Lane LLP (Registered number: OC362031)

Balance Sheet - continued
7th 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7th January 2025 and were signed by:





W T Jones - Designated member

Pritchard Jones Lane LLP (Registered number: OC362031)

Notes to the Financial Statements
for the Year Ended 7th April 2024

1. STATUTORY INFORMATION

Pritchard Jones Lane 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 11 (2023 - 11 ) .

Pritchard Jones Lane LLP (Registered number: OC362031)

Notes to the Financial Statements - continued
for the Year Ended 7th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 8th April 2023 15,300 49,135 64,435
Additions - 5,318 5,318
At 7th April 2024 15,300 54,453 69,753
DEPRECIATION
At 8th April 2023 - 33,048 33,048
Charge for year - 3,947 3,947
At 7th April 2024 - 36,995 36,995
NET BOOK VALUE
At 7th April 2024 15,300 17,458 32,758
At 7th April 2023 15,300 16,087 31,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.4.24 7.4.23
£    £   
Trade debtors 63,196 63,787
Other debtors 4,203 -
67,399 63,787

6. CURRENT ASSET INVESTMENTS
7.4.24 7.4.23
£    £   
Unlisted investments 5,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.4.24 7.4.23
£    £   
Taxation and social security 2,680 33,745
Other creditors 120,974 116,374
123,654 150,119

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank after payment of all other creditors.