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REGISTERED NUMBER: OC429795 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 1 May 2023 to 31 March 2024

for

R A W Clark LLP

R A W Clark LLP (Registered number: OC429795)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


R A W Clark LLP

General Information
for the Period 1 May 2023 to 31 March 2024







DESIGNATED MEMBERS: J Quarry
A Tulip





REGISTERED OFFICE: 35 Newgate Street
Morpeth
Northumberland
NE61 1AT





REGISTERED NUMBER: OC429795 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

R A W Clark LLP (Registered number: OC429795)

Report of the Members
for the Period 1 May 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 May 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of Solicitors

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

J Quarry
A Tulip

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £347,115 (2023 - £331,136 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A Tulip - Designated member


27 January 2025

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
R A W Clark LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of R A W Clark LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of R A W Clark LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R A W Clark LLP and state those matters that we have agreed to state to the members of R A W Clark LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R A W Clark LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that R A W Clark LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R A W Clark LLP. You consider that R A W Clark LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of R A W Clark LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


27 January 2025

R A W Clark LLP (Registered number: OC429795)

Income Statement
for the Period 1 May 2023 to 31 March 2024

Period
1/5/23
to Year Ended
31/3/24 30/4/23
Notes £    £   

TURNOVER 2,446,719 2,836,699

Cost of sales 1,063,895 1,149,559
GROSS PROFIT 1,382,824 1,687,140

Administrative expenses 1,048,471 1,322,886
334,353 364,254

Other operating income 88,316 28,588
OPERATING PROFIT 4 422,669 392,842


Interest payable and similar expenses 75,554 61,706
PROFIT FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





347,115





331,136

R A W Clark LLP (Registered number: OC429795)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 408,405 450,152

CURRENT ASSETS
Debtors 6 237,799 365,185
Cash at bank and in hand 211,527 173,367
449,326 538,552
CREDITORS
Amounts falling due within one year 7 475,668 451,962
NET CURRENT (LIABILITIES)/ASSETS (26,342 ) 86,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,063

536,742

CREDITORS
Amounts falling due after more than one
year

8

382,063

536,742
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

R A W Clark LLP (Registered number: OC429795)

Balance Sheet - continued
31 March 2024

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

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (191,644 ) (317,967 )

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 period 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 27 January 2025 and were signed by:





A Tulip - Designated member

R A W Clark LLP (Registered number: OC429795)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

R A W Clark 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 - 25% on reducing balance per annum and 15% on reducing balance per annum

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 period was 22 (2023 - 26 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1/5/23
to Year Ended
31/3/24 30/4/23
£    £   
Depreciation - owned assets 41,747 39,881

R A W Clark LLP (Registered number: OC429795)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 31 March 2024 258,776 310,740 569,516
DEPRECIATION
At 1 May 2023 - 119,364 119,364
Charge for period - 41,747 41,747
At 31 March 2024 - 161,111 161,111
NET BOOK VALUE
At 31 March 2024 258,776 149,629 408,405
At 30 April 2023 258,776 191,376 450,152

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,772 27,081
Other debtors 207,027 338,104
237,799 365,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,462 39,462
Taxation and social security 137,752 108,662
Other creditors 298,454 303,838
475,668 451,962

R A W Clark LLP (Registered number: OC429795)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 89,883 126,057
Other creditors 292,180 410,685
382,063 536,742