These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The limited liability partnership is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

The principal activities are those of accountants and tax advisers.

These financial statements have been prepared using the historical cost convention.

The functional currency is sterling.

All transactions are rounded to the nearest pound.

The partners have considered the ability of the LLP to continue as a going concern and are not aware of any material uncertainties that would cast significant doubt on its' ability to continue trading. Accordingly the financial statements have been prepared on a going concern basis.

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance.

Revenue is measured at the fair value of the consideration receivable (invoiced). This excludes VAT.

Revenue is adjusted for accrued income earned from work under letters of engagement with clients of the firm where this has yet to be invoiced. For such services, revenue is recorded at recoverable amounts based on the stage of completion.

The taxation payable on profits is the personal liability of the members.

Individual fixed assets are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Trade debtors are amounts receivable from customers for services provided in the ordinary course of business. They are recognised initially at the transaction price (including VAT). Provision is made for impairment of trade debtors in relation to balances that are not considered to be recoverable based on objective evidence available.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers.

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.