Nelson Myatt Solicitors LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC387685 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

NELSON MYATT SOLICITORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr A R Nelson

Ms C Myatt

REGISTERED OFFICE:

Suite 6

Conwy Business Centre

Junction Way

Llandudno Junction

CONWY

LL31 9XX

REGISTERED NUMBER:

OC387685 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

United Kingdom

CONWY

LL30 2RB

FIXED ASSETS

Tangible assets

4

12,584

12,334

CURRENT ASSETS

Debtors

5

75,190

49,055

Cash at bank and in hand

94,800

48,527

169,990

97,582

CREDITORS

Amounts falling due within one year

6

61,397

44,916

NET CURRENT ASSETS

108,593

52,666

TOTAL ASSETS LESS CURRENT LIABILITIES

121,177

65,000

CREDITORS

Amounts falling due after more than one year

7

42,216

65,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

78,961

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

78,961

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

78,961

-

Amounts due from members

5

-

(5,344

)

78,961

(5,344

)

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 year ended 31 March 2022.

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.

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 12 August 2022 and were signed by:

Mr A R Nelson - Designated member

Ms C Myatt - Designated member

1.	STATUTORY INFORMATION

Nelson Myatt Solicitors 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.

Plant and machinery etc

-

25% on cost and 15% on reducing balance

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 7 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

22,269

Additions

3,021

At 31 March 2022

25,290

DEPRECIATION

At 1 April 2021

9,935

Charge for year

2,771

At 31 March 2022

12,706

NET BOOK VALUE

At 31 March 2022

12,584

At 31 March 2021

12,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

17,690

10,236

Amounts due from members

-

5,344

Other debtors

2,338

2,338

WIP

19,073

26,213

Prepayments

36,089

4,924

75,190

49,055

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

12,700

-

Trade creditors

9,084

11,812

Taxation and social security

34,809

23,584

Other creditors

4,804

9,520

61,397

44,916

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

42,216

-

Other creditors

-

65,000

42,216

65,000