Chown Dewhurst LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC300004 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Chown Dewhurst LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dewhurst Consultants Limited

K J Desai Limited

REGISTERED OFFICE:

1st Floor

3 More London Riverside

London

SE1 2RE

REGISTERED NUMBER:

OC300004 (England and Wales)

BANKERS:

National Westminster Bank Plc

PO Box 12258

1 Princes Street

London

EC2R 8PA

FIXED ASSETS

Tangible assets

4

4,504

2,796

CURRENT ASSETS

Stocks

24,000

43,500

Debtors

5

186,869

180,244

Cash at bank

45,694

102,175

256,563

325,919

CREDITORS

Amounts falling due within one year

6

40,256

45,526

NET CURRENT ASSETS

216,307

280,393

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

220,811

283,189

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

220,811

283,189

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

220,811

283,189

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 30 April 2021.

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 31 January 2022 and were signed by:

Dewhurst Consultants Limited - Designated member

K J Desai Limited - Designated member

1.	STATUTORY INFORMATION

Chown Dewhurst LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The turnover and operating profit for the year was derived from the LLP's principal continuing activity which was carried out wholly in the UK.

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, evenly over its expected useful economic life as follows:

Office equipment

- over 3 years

Fixtures and fittings

- over 4 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Lease commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Tax provisions

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

32,046

Additions

5,486

At 30 April 2021

37,532

DEPRECIATION

At 1 May 2020

29,250

Charge for year

3,778

At 30 April 2021

33,028

NET BOOK VALUE

At 30 April 2021

4,504

At 30 April 2020

2,796

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

128,533

130,268

Other debtors

58,336

49,976

186,869

180,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

13,406

15,012

Taxation and social security

16,934

24,634

Other creditors

9,916

5,880

40,256

45,526

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

'Loans and other debts due to members' rank equally with debts due to other unsecured creditors in a winding up.