REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Brock Carmichael Architects LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Brock Carmichael Architects LLP |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Brock Carmichael Architects LLP |
General Information |
for the Year Ended 30 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Oriel House |
2-8 Oriel Road |
Bootle |
Liverpool |
Merseyside |
L20 7EP |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS | 408,264 | 760,038 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
138,264 |
400,038 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 270,000 | 360,000 |
408,264 | 760,038 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 138,264 | 400,038 |
Members' other interests | 270,000 | 360,000 |
408,264 | 760,038 |
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. |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Balance Sheet - continued |
30 April 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Brock Carmichael Architects 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 |
Turnover |
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration, net of VAT. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based upon an appropriate proportion of the total consideration at completion. |
Where the turnover on a contract so calculated exceeds the amount invoiced, the difference is included in debtors as amounts recoverable on contracts. |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
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. |
Members drawings and repayment of capital |
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by performance and seniority of those members. On retirement, capital is repaid to members. |
Capital |
The capital requirements of the partnership are determined by the members. Each member is required to subscribe to a proportion of capital. Interest is paid yearly on capital at 5%. On leaving the partnership, a member's capital is repaid according to the arrangements in the partnership agreement. |
Member's capital has been classified as debt in accordance with the requirements of the SORP. |
Allocation of profits and drawings |
Profits are automatically allocated to those who were members during the financial period following the finalisation of the annual financial statements in accordance with the proportions agreed in the partnership agreement. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans |
Brock Carmichael Architects LLP (Registered number: OC328696) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.4.24 | 30.4.23 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
There is a debenture in place with National Westminster Bank Plc to secure all liabilities to the bank. |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
There is no formal agreement regarding the ranking of loans and other debts due to members in relation to other creditors. The default provisions as per section 7 of the Limited Liability Partnership Regulations 2001 therefore apply. |