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REGISTERED NUMBER: OC353912 (England and Wales)












ROLAND ROBINSONS AND FENTONS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


ROLAND ROBINSONS AND FENTONS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DESIGNATED MEMBERS: R J Castle
R T Evans
Mrs C A Jackson
Mrs E Schofield
Mrs L E Bulmer
Miss H Walsh





REGISTERED OFFICE: 87-89 Adelaide Street
Blackpool
Lancashire
FY1 4LX





REGISTERED NUMBER: OC353912 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 32,000
Tangible assets 5 2,558 6,215
26,558 38,215

CURRENT ASSETS
Stocks 440,182 385,102
Debtors 195,145 214,330
Cash at bank and in hand 467,071 453,906
1,102,398 1,053,338
CREDITORS
Amounts falling due within one year 146,964 106,033
NET CURRENT ASSETS 955,434 947,305
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

981,992

985,520

ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024

2024 2023
Notes £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

6

691,992

695,520

MEMBERS' OTHER INTERESTS
Capital accounts 290,000 290,000
981,992 985,520

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

6

691,992

695,520
Members' other interests 290,000 290,000
981,992 985,520

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 July 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.

ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 29 April 2025 and were signed by:





Mrs C A Jackson - Designated member

ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Roland Robinsons and Fentons 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.

The financial statements are presented in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents the net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount recognised on the introduction of new members into the business, is being amortised over its estimated useful life of 10 years.

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.

Computer software is being amortised evenly over its estimated useful life of three 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 and fittings - 20% on reducing balance
Computer equipment - 20% on cost

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.

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.

ROLAND ROBINSONS AND FENTONS LLP (REGISTERED NUMBER: OC353912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEE INFORMATION

The average number of employees during the year was 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 142,130
AMORTISATION
At 1 August 2023 110,130
Amortisation for year 8,000
At 31 July 2024 118,130
NET BOOK VALUE

At 31 July 2024 24,000
At 31 July 2023 32,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 209,946
DEPRECIATION
At 1 August 2023 203,731
Charge for year 3,657
At 31 July 2024 207,388
NET BOOK VALUE
At 31 July 2024 2,558
At 31 July 2023 6,215

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.