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REGISTERED NUMBER: OC387650 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2024

for

Duthie & Co LLP

Duthie & Co LLP (Registered number: OC387650)






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




Page

General Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Duthie & Co LLP

General Information
for the Period 1 January 2024 to 31 March 2024







DESIGNATED MEMBERS: Adam Duthie
Duthie Legal Services Ltd





REGISTERED OFFICE: 4 Beech Ridge
Kingsbourne Green Lane
Harpenden
Hertfordshire
AL5 3NJ





REGISTERED NUMBER: OC387650 (England and Wales)





ACCOUNTANTS: Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Duthie & Co LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

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 Duthie & Co LLP for the period ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position 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 Duthie & Co LLP, as a body, in accordance with the terms of our engagement letter dated 26 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Duthie & Co LLP and state those matters that we have agreed to state to the members of Duthie & Co 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 Duthie & Co LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Duthie & Co 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 loss of Duthie & Co LLP. You consider that Duthie & Co 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 Duthie & Co 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.






Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE


27 January 2025

Duthie & Co LLP (Registered number: OC387650)

Statement of Financial Position
31 March 2024

31.3.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,165 10,805

CURRENT ASSETS
Debtors 5 64,158 62,110
Cash at bank - 39
64,158 62,149
CREDITORS
Amounts falling due within one year 6 47,420 52,800
NET CURRENT ASSETS 16,738 9,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,903

20,154

CREDITORS
Amounts falling due after more than one
year

7

25,902

20,153
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1

1

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 1 1
1 1

TOTAL MEMBERS' INTERESTS
Members' other interests 1 1
Amounts due from members 5 (64,158 ) (60,610 )
(64,157 ) (60,609 )

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.

Duthie & Co LLP (Registered number: OC387650)

Statement of Financial Position - 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 27 January 2025 and were signed by:





Adam Duthie - Designated member

Duthie & Co LLP (Registered number: OC387650)

Notes to the Financial Statements
for the Period 1 January 2024 to 31 March 2024

1. STATUTORY INFORMATION

Duthie & Co 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.
Fixtures, fittings & equipment - 20% on cost
Computer equipment - 20% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 March 2024 65,014 10,703 75,717
DEPRECIATION
At 1 January 2024 56,625 8,287 64,912
Charge for period 1,402 238 1,640
At 31 March 2024 58,027 8,525 66,552
NET BOOK VALUE
At 31 March 2024 6,987 2,178 9,165
At 31 December 2023 8,389 2,416 10,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.23
£    £   
Other debtors 64,158 62,110

Duthie & Co LLP (Registered number: OC387650)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.23
£    £   
Bank loans and overdrafts 6,582 13,622
Trade creditors 303 1,868
Taxation and social security 36,936 34,311
Other creditors 3,599 2,999
47,420 52,800

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.12.23
£    £   
Bank loans 25,902 20,153

8. RELATED PARTY DISCLOSURES

During the period, the LLP processed a salary of £9,000 (2023 - £36,000) for Mrs F Duthie, a related party with Mr A Duthie. As at 31 March 2024, there was a balance due to Mrs F Duthie of £nil (2023 - £nil).

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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