Registered number
OC426744
4RH LLP
Filleted Accounts
31 March 2025
4RH LLP
Registered number: OC426744
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Cash at bank and in hand 617 1,684
Creditors: amounts falling due within one year 3 (1,045) (1,070)
Net current (liabilities)/assets (428) 614
Total assets less current liabilities (428) 614
Creditors: amounts falling due after more than one year 4 (205) (1,180)
Net liabilities attributable to members (633) (566)
Represented by:
Loans and other debts due to members 5 (633) (566)
(633) (566)
Total members' interests
Loans and other debts due to members 5 (633) (566)
(633) (566)
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 28 May 2025 and signed on their behalf by:
Nigel Reece
Designated member
4RH LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 0 0
3 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,045 1,070
4 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 205 1,180
5 Loans and other debts due to members 2025 2024
£ £
Members capital classified as debt 67,160 33,560
Amounts due to members in respect of profits (67,793) (34,126)
(633) (566)
Amounts falling due within one year (633) (566)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
4RH LLP is a limited liability partnership incorporated in England. Its registered office is:
Midford Mill
Midford
Bath
BA2 7DE
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