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REGISTERED NUMBER: OC403865 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Lishmans LLP

Lishmans LLP (Registered number: OC403865)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Lishmans LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: Mr G H Price
Hanse Consulting Ltd
Lishmans Central Partner Limited





REGISTERED OFFICE: 16 - 18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: OC403865 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Lishmans LLP (Registered number: OC403865)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 752,940 869,082
Tangible assets 5 80,010 107,595
832,950 976,677

CURRENT ASSETS
Stocks 26,336 46,698
Debtors 6 420,473 221,083
Cash at bank and in hand 2,582 530,748
449,391 798,529
CREDITORS
Amounts falling due within one year 7 352,963 925,991
NET CURRENT ASSETS/(LIABILITIES) 96,428 (127,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

929,378

849,215

CREDITORS
Amounts falling due after more than
one year

8

(97,828

)

(38,953

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,027,206

888,168

Lishmans LLP (Registered number: OC403865)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

427,206

288,168

MEMBERS' OTHER INTERESTS
Capital accounts 600,000 600,000
1,027,206 888,168

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

9

427,206

288,168
Members' other interests 600,000 600,000
Amounts due from members 6 (34,445 ) (8,402 )
992,761 879,766

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 2024.

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.

Lishmans LLP (Registered number: OC403865)

Balance Sheet - continued
30 April 2024


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 2025 and were signed by:





Mr G H Price - Designated member

Lishmans LLP (Registered number: OC403865)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lishmans 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, is recognised at cost and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Costs associated with Goodwill are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 15% reducing balance
Computer equipment - 33% straight line

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

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.

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.

Lishmans LLP (Registered number: OC403865)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 19 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,124,000 108,980 1,232,980
AMORTISATION
At 1 May 2023 292,342 71,556 363,898
Charge for year 108,658 7,484 116,142
At 30 April 2024 401,000 79,040 480,040
NET BOOK VALUE
At 30 April 2024 723,000 29,940 752,940
At 30 April 2023 831,658 37,424 869,082

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 294,855
DEPRECIATION
At 1 May 2023 187,260
Charge for year 27,585
At 30 April 2024 214,845
NET BOOK VALUE
At 30 April 2024 80,010
At 30 April 2023 107,595

Lishmans LLP (Registered number: OC403865)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 350,342 124,966
Other debtors 70,131 96,117
420,473 221,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 36,798 43,107
Taxation and social security 130,609 141,186
Other creditors 185,556 741,698
352,963 925,991

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors (97,828 ) (38,953 )

Amounts falling due in more than five years:

Repayable by instalments
Other debtors - LSCP (151,995 ) (151,995 )

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members' other reserves rank after unsecured creditors. Loans and other debts due to members rank equally with unsecured creditors in the event of winding up. There is no formal restriction on the ability of the LLP to reduce the amount of member' other interests.