Batt Broadbent Solicitors LLP - Accounts to registrar (filleted) - small 23.1.2

Batt Broadbent Solicitors LLP - Accounts to registrar (filleted) - small 23.1.2

BATT BROADBENT SOLICITORS LLP - Company Information

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REGISTERED NUMBER: OC380270 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Batt Broadbent Solicitors LLP
Batt Broadbent Solicitors LLP (Registered number: OC380270)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Batt Broadbent Solicitors LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: A T L Hart
Ms S E De Candole
Miss S J Atkinson
P J C Warr





REGISTERED OFFICE: Minster Chambers
42/44 Castle Street
Salisbury
Wiltshire
SP1 3TX





REGISTERED NUMBER: OC380270 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR
Page 1
Batt Broadbent Solicitors LLP (Registered number: OC380270)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,632 21,362

CURRENT ASSETS
Stocks 158,762 113,646
Debtors 5 318,636 277,553
Cash at bank and in hand 69,099 83,762
546,497 474,961
CREDITORS
Amounts falling due within one year 6 196,433 158,776
NET CURRENT ASSETS 350,064 316,185
TOTAL ASSETS LESS CURRENT
LIABILITIES
370,696
337,547

CREDITORS
Amounts falling due after more than one
year
7
34,560
57,549
NET ASSETS ATTRIBUTABLE TO
MEMBERS
336,136
279,998

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
181,636
125,498

MEMBERS' OTHER INTERESTS
Capital accounts 154,500 154,500
336,136 279,998

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 181,636 125,498
Members' other interests 154,500 154,500
336,136 279,998

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 2023.

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 notes form part of these financial statements

Page 2 continued...
Batt Broadbent Solicitors LLP (Registered number: OC380270)

Balance Sheet - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 September 2023 and were signed by:





A T L Hart - Designated member

The notes form part of these financial statements

Page 3
Batt Broadbent Solicitors LLP (Registered number: OC380270)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Batt Broadbent 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.

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.

Judgements and key sources of estimation uncertainty
In the application of the limited liability partnership's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets ad liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue
Revenue represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the statement of financial position date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the statement of financial position date are carried forward as work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

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 exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Page 4 continued...
Batt Broadbent Solicitors LLP (Registered number: OC380270)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

The partners assess whether the use of the going concern basis is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the LLP to continue as a going concern. The partners make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 27 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 152,002
Additions 8,008
At 31 March 2023 160,010
DEPRECIATION
At 1 April 2022 130,640
Charge for year 8,738
At 31 March 2023 139,378
NET BOOK VALUE
At 31 March 2023 20,632
At 31 March 2022 21,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 240,843 215,572
Other debtors 77,793 61,981
318,636 277,553

Page 5 continued...
Batt Broadbent Solicitors LLP (Registered number: OC380270)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 71,671 55,155
Trade creditors 30,963 28,245
Taxation and social security 82,807 64,704
Other creditors 10,992 10,672
196,433 158,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,560 57,549

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 72,267 75,731
Between one and five years 33,964 106,231
106,231 181,962

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.23 31.3.22
£    £   
Amounts owed to members in respect of profits 181,636 125,498

Falling due within one year 181,636 125,498

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

Page 6