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REGISTERED NUMBER: OC450724 (England and Wales)









REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE RANSOM FAMILY LLP

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE RANSOM FAMILY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: C J Ransom
Mrs D M Ransom





REGISTERED OFFICE: 42A High Street
Broadstairs
Kent
CT10 1JT





REGISTERED NUMBER: OC450724 (England and Wales)





ACCOUNTANTS: Kemps Accounting Solutions Limited
Chartered Accountants
42A High Street
Broadstairs
Kent
CT10 1JT

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS
The designated members during the year under review were:

C J Ransom
Mrs D M Ransom

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £45,835 (2024 - £4,755 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





C J Ransom - Designated member


13 May 2025

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

31.3.25 31.3.24
Notes £    £   

TURNOVER 38,420 9,570

Administrative expenses 9,585 4,815
OPERATING PROFIT 4 28,835 4,755

Gain/loss on revaluation of investment
property

17,000

-
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




45,835




4,755

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 631 947
Investment property 6 924,000 907,000
924,631 907,947

CREDITORS
Amounts falling due within one year 7 1,139 570
NET CURRENT LIABILITIES (1,139 ) (570 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

923,492

907,377

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

923,492

907,377

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 923,492 907,377

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 2025.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 13 May 2025 and were signed by:





C J Ransom - Designated member

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

The Ransom Family 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.25 31.3.24
£    £   
Depreciation - owned assets 316 316

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2024
and 31 March 2025 1,263
DEPRECIATION
At 1 April 2024 316
Charge for year 316
At 31 March 2025 632
NET BOOK VALUE
At 31 March 2025 631
At 31 March 2024 947

THE RANSOM FAMILY LLP (REGISTERED NUMBER: OC450724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 907,000
Revaluations 17,000
At 31 March 2025 924,000
NET BOOK VALUE
At 31 March 2025 924,000
At 31 March 2024 907,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2025 17,000
Cost 907,000
924,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Accrued expenses 1,139 570

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.25 31.3.24
£    £   
Amounts owed to members in respect of profits 923,492 907,377

Falling due within one year 923,492 907,377