REGISTERED NUMBER: |
Bernard Williams Associates LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
REGISTERED NUMBER: |
Bernard Williams Associates LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 31st March 2023 |
Bernard Williams Associates LLP (Registered number: OC350863) |
Contents of the Financial Statements |
for the Year Ended 31st March 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Statement of Financial Position | 4 |
Reconciliation of Members' Interests | 6 |
Notes to the Financial Statements | 8 |
Bernard Williams Associates LLP |
General Information |
for the Year Ended 31st March 2023 |
Designated members: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Bernard Williams Associates LLP (Registered number: OC350863) |
Report of the Members |
for the Year Ended 31st March 2023 |
The members present their report with the financial statements of the LLP for the year ended 31st March 2023. |
Principal activity |
The principal activity of the LLP in the year under review was that of Chartered Surveyors. |
Designated members |
The designated members during the year under review were: |
Results for the year and allocation to members |
The profit for the year before members' remuneration and profit shares was £167,852 (2022 - £285,393 profit). |
Members' interests |
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. |
On behalf of the members: |
Bernard Williams Associates LLP (Registered number: OC350863) |
Income Statement |
for the Year Ended 31st March 2023 |
2023 | 2022 |
Notes | £ | £ |
Turnover |
Administrative expenses |
Operating profit | 4 |
Interest payable and similar expenses |
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
Bernard Williams Associates LLP (Registered number: OC350863) |
Statement of Financial Position |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
Net assets attributable to members | 7,920 | 57,476 |
Loans and other debts due to members |
11 |
7,920 |
57,476 |
Total members' interests |
Loans and other debts due to members | 11 | 7,920 | 57,476 |
Amounts due from members | 7 | (1,898 | ) | (38,763 | ) |
6,022 | 18,713 |
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. |
Bernard Williams Associates LLP (Registered number: OC350863) |
Statement of Financial Position - continued |
31st March 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Bernard Williams Associates LLP (Registered number: OC350863) |
Reconciliation of Members' Interests |
for the Year Ended 31st March 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 57,476 |
Amount due from members | (38,763 | ) |
Balance at 1st April 2022 | - | 18,713 | 18,713 |
Profit for the financial year available for discretionary division among members |
167,852 |
- |
167,852 |
Members' interests after profit for the year |
167,852 |
18,713 |
186,565 |
Other divisions of profit | (167,852 | ) | 167,852 | - |
Drawings on account and distributions of profit |
- |
(180,543 |
) |
(180,543 |
) |
Amount due to members | 7,920 |
Amount due from members | (1,898 | ) |
Balance at 31st March 2023 | - | 6,022 | 6,022 |
Bernard Williams Associates LLP (Registered number: OC350863) |
Reconciliation of Members' Interests |
for the Year Ended 31st March 2023 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 30,881 |
Amount due from members | (10,283 | ) |
Balance at 1st April 2021 | - | 20,598 | 20,598 |
Profit for the financial year available for discretionary division among members |
285,393 |
- |
285,393 |
Members' interests after profit for the year |
285,393 |
20,598 |
305,991 |
Other divisions of profit | (285,393 | ) | 285,393 | - |
Drawings on account and distributions of profit |
- |
(287,278 |
) |
(287,278 |
) |
Amount due to members | 57,476 |
Amount due from members | (38,763 | ) |
Balance at 31st March 2022 | - | 18,713 | 18,713 |
Bernard Williams Associates LLP (Registered number: OC350863) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
1. | Statutory information |
Bernard Williams Associates 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 |
Preparation of consolidated financial statements |
The financial statements contain information about Bernard Williams Associates LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements. |
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 |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
3. | Employee information |
The average number of employees during the year was |
4. | Operating profit |
The operating profit is stated after charging: |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
Bernard Williams Associates LLP (Registered number: OC350863) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
5. | Tangible fixed assets |
Motor |
vehicles |
£ |
Cost |
At 1st April 2022 |
Additions |
Disposals | ( |
) |
At 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1st April 2022 |
Disposals | ( |
) |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
The LLP's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: 4th Floor, 100 Fenchurch Street, London, EC3M 5JD |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves | ( |
) |
Profit/(loss) for the year | ( |
) |
Bernard Williams Associates LLP (Registered number: OC350863) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
8. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
10. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
11. | Loans and other debts due to members |
In event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |