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REGISTERED NUMBER: OC363807
Evans Dodd LLP
Unaudited Financial Statements
30 September 2024
Evans Dodd LLP
Financial Statements
Year ended 30 September 2024
Contents
Page
Members' report
1
Statement of comprehensive income
3
Statement of financial position
4
Reconciliation of members' interests
6
Notes to the financial statements
8
The following pages do not form part of the financial statements
Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements
12
Evans Dodd LLP
Members' Report
Year ended 30 September 2024
The members present their report and the unaudited financial statements of the LLP for the year ended 30 September 2024 .
Principal activities
These activities relate to post cessation receipts and payments following the amalgamation of Evans Dodd LLP with Adams & Remers LLP on 31st March 2018.
Designated members
The designated members who served the LLP during the year were as follows:
Mr G.S. Dodd
Mr M.H. Ahmed
Mr J.R. Stott
Mr D.L.J. Manghnani
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
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 the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 29 September 2025 and signed on behalf of the members by:
Mr M.H. Ahmed
Mr J.R. Stott
Designated Member
Designated Member
Registered office:
Trinity House
School Hill
Lewes
England
United Kingdom
BN7 2NN
Evans Dodd LLP
Statement of Comprehensive Income
Year ended 30 September 2024
2024
2023
Note
£
£
Administrative expenses
3,674
1,630
-------
-------
Operating loss
( 3,674)
( 1,630)
Other interest receivable and similar income
166
114
-------
-------
Loss for the financial year before members' remuneration and profit shares available for discretionary division among members
(3,508)
(1,516)
-------
-------
All the activities of the LLP are from continuing operations.
Evans Dodd LLP
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
85,606
82,097
Cash at bank and in hand
274
2,348
--------
--------
85,880
84,445
Creditors: amounts falling due within one year
5
5,880
4,445
--------
--------
Net current assets
80,000
80,000
--------
--------
Total assets less current liabilities
80,000
80,000
--------
--------
Net assets
80,000
80,000
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
–
–
Members' other interests
Members' capital classified as equity
80,000
80,000
Other reserves
–
–
--------
--------
80,000
80,000
--------
--------
Total members' interests
Amounts due from members
(85,606)
(82,097)
Loans and other debts due to members
–
–
Members' other interests
80,000
80,000
--------
--------
(5,606)
(2,097)
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
Evans Dodd LLP
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the members and authorised for issue on 29 September 2025 , and are signed on their behalf by:
Mr M.H. Ahmed
Mr J.R. Stott
Designated Member
Designated Member
Registered number: OC363807
Evans Dodd LLP
Reconciliation of Members' Interests
Year ended 30 September 2024
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total 2024
£
£
£
£
£
£
Balance at 1 October 2023
80,000
–
80,000
(82,097)
(82,097)
(2,097)
Loss for the financial year available for discretionary division among members
(3,508)
(3,508)
(3,508)
--------
-------
--------
--------
--------
-------
Members' interests after loss for the year
80,000
(3,508)
76,492
(82,097)
(82,097)
(5,605)
Other division of profits
3,509
3,509
(3,509)
(3,509)
–
Drawings
–
–
–
--------
-------
--------
--------
--------
-------
Balance at 30 September 2024
80,000
1
80,001
(85,606)
(85,606)
(5,605)
--------
-------
--------
--------
--------
-------
Evans Dodd LLP
Reconciliation of Members' Interests (continued)
Year ended 30 September 2024
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total 2023
£
£
£
£
£
£
Balance at 1 October 2022
80,000
–
80,000
(31,583)
(31,583)
48,417
Loss for the financial year available for discretionary division among members
(1,516)
(1,516)
(1,516)
--------
-------
--------
--------
--------
--------
Members' interests after loss for the year
80,000
(1,516)
78,484
(31,583)
(31,583)
46,901
Other division of profits
1,516
1,516
(1,516)
(1,516)
–
Drawings
(48,998)
(48,998)
(48,998)
--------
-------
--------
--------
--------
--------
Balance at 30 September 2023
80,000
–
80,000
(82,097)
(82,097)
(2,097)
--------
-------
--------
--------
--------
--------
Evans Dodd LLP
Notes to the Financial Statements
Year ended 30 September 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Trinity House, School Hill, Lewes, England, BN7 2NN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
Evans Dodd LLP
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Members' participation rights (continued)
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Work in progress
Work in progress is valued on the basis of direct costs. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments
A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
2024
2023
£
£
Amounts due from members
85,606
82,097
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
5,880
4,445
-------
-------
Evans Dodd LLP
Management Information
Year ended 30 September 2024
The following pages do not form part of the financial statements.
Evans Dodd LLP
Chartered Accountant's Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Evans Dodd LLP
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships 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 Evans Dodd LLP for the year ended 30 September 2024, which comprise the statement of comprehensive income, statement of financial position, reconciliation of members' interests 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the members of Evans Dodd LLP, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Evans Dodd LLP and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evans Dodd LLP and its members, as a body, for our work or for this report.
It is your duty to ensure that Evans Dodd 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 Evans Dodd LLP. You consider that Evans Dodd LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Evans Dodd 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.
HIGGINS FAIRBAIRN & CO Chartered accountants
4th Floor 58-59 Great Marlborough Street London W1F 7JY
29 September 2025