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REGISTERED NUMBER: OC382301 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

McKinneyWaterfield LLP

McKinneyWaterfield LLP (Registered number: OC382301)

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


McKinneyWaterfield LLP

General Information
for the year ended 31 March 2024







Designated members: J McKinney
Mrs E McKinney





Registered office: The Studio
4 Louisa Gardens
London
E1 4NG





Registered number: OC382301 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

McKinneyWaterfield LLP (Registered number: OC382301)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 957

Current assets
Debtors 5 25,978 44,140
Cash at bank 453 277
26,431 44,417
Creditors
Amounts falling due within one year 6 12,476 13,519
Net current assets 13,955 30,898
Total assets less current liabilities 13,955 31,855

Creditors
Amounts falling due after more than one
year

7

13,955

19,227
Net assets attributable to members - 12,628

Loans and other debts due to members 8 - 12,628

Total members' interests
Loans and other debts due to members 8 - 12,628
Amounts due from members 5 (25,978 ) -
(25,978 ) 12,628

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.

McKinneyWaterfield LLP (Registered number: OC382301)

Balance Sheet - 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 8 January 2025 and were signed by:





J McKinney - Designated member

McKinneyWaterfield LLP (Registered number: OC382301)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

McKinneyWaterfield 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 represents amounts receivable for architectural services, net of VAT. Turnover is recognised at the point which it is considered to be substantially earned.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:


Fixtures and fittings25% straight line
Computer equipment 33% straight line
Plant and machinery 25% straight line


3. Employee information

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2023
and 31 March 2024 7,067
Depreciation
At 1 April 2023 6,110
Charge for year 957
At 31 March 2024 7,067
Net book value
At 31 March 2024 -
At 31 March 2023 957

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 8,640
Other debtors 25,978 35,500
25,978 44,140

McKinneyWaterfield LLP (Registered number: OC382301)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,500 7,500
Taxation and social security 2,276 6,019
Other creditors 2,700 -
12,476 13,519

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 13,955 19,227

8. Loans and other debts due to members
2024 2023
£ £
Amounts owed to members in respect of profits - 12,628

Falling due within one year - 12,628

In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.