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REGISTERED NUMBER: OC306123 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

RHB Partnership LLP

RHB Partnership LLP (Registered number: OC306123)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHB Partnership LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: P H Goddard
S J Lawrence





REGISTERED OFFICE: The Old Vicarage
Popham
Hampshire
SO21 3BJ





REGISTERED NUMBER: OC306123 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

RHB Partnership LLP (Registered number: OC306123)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 78,616 74,432

CURRENT ASSETS
Stocks 44,400 46,897
Debtors 5 440,383 336,879
Cash at bank and in hand 155,174 104,728
639,957 488,504
CREDITORS
Amounts falling due within one year 6 250,614 180,165
NET CURRENT ASSETS 389,343 308,339
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

467,959

382,771

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

467,959

382,771

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 467,959 382,771

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.

RHB Partnership LLP (Registered number: OC306123)

Balance Sheet - continued
31 March 2025


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 20 May 2025 and were signed by:




S J Lawrence - Designated member




P H Goddard - Designated member


RHB Partnership LLP (Registered number: OC306123)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

RHB Partnership 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
The turnover shown in the profit and loss account represents amounts receivable for professional fees and services, exclusive of value added tax and adjusted for work in progress.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 & equipment - 33% on cost, 20% on cost and Straight line over 6 years
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at recoverable net invoiced value.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present 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.

Taxation
Taxation payable on the profits of the LLP is the personal liability of the members.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2024 - 19 ) .

RHB Partnership LLP (Registered number: OC306123)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2024 116,820 34,750 151,570
Additions 32,773 - 32,773
Disposals (6,194 ) - (6,194 )
At 31 March 2025 143,399 34,750 178,149
DEPRECIATION
At 1 April 2024 62,774 14,364 77,138
Charge for year 21,519 4,077 25,596
Eliminated on disposal (3,201 ) - (3,201 )
At 31 March 2025 81,092 18,441 99,533
NET BOOK VALUE
At 31 March 2025 62,307 16,309 78,616
At 31 March 2024 54,046 20,386 74,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 401,600 303,467
Other debtors 38,783 33,412
440,383 336,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 9,975
Trade creditors 32,109 6,855
Taxation and social security 142,185 116,959
Other creditors 76,320 46,376
250,614 180,165

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 62,159 62,585
Between one and five years 225,415 234,577
In more than five years 34,960 87,957
322,534 385,119

RHB Partnership LLP (Registered number: OC306123)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans - 9,975

Bank loans are secured by an unlimited debenture from the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, members' other interests rank after secured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up.

There is no further formal protection afforded to creditors in the event of a winding up.

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