Registered number
OC392386
Land Consult LLP
Unaudited Filleted Accounts
31 March 2025
Land Consult LLP
Registered number: OC392386
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 223 955
Current assets
Debtors 4 35,367 84,334
Cash at bank and in hand 127,223 457,540
162,590 541,874
Creditors: amounts falling due within one year 5 (10,927) (40,031)
Net current assets 151,663 501,843
Total assets less current liabilities 151,886 502,798
Net assets attributable to members 151,886 502,798
Represented by:
Loans and other debts due to members 6 151,886 502,798
151,886 502,798
Total members' interests
Loans and other debts due to members 6 151,886 502,798
151,886 502,798
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 22 May 2025 and signed on their behalf by:
M Budden
Designated member
Land Consult 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 25,846
At 31 March 2025 25,846
Depreciation
At 1 April 2024 24,891
Charge for the year 732
At 31 March 2025 25,623
Net book value
At 31 March 2025 223
At 31 March 2024 955
4 Debtors 2025 2024
£ £
Trade debtors 22,800 46,800
Other debtors 12,567 37,534
35,367 84,334
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,258 4,370
Other taxes and social security costs 7,269 33,231
Other creditors 2,400 2,430
10,927 40,031
6 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits 151,886 502,798
Amounts falling due within one year 151,886 502,798
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 48,000 -
8 Other information
Land Consult LLP is a limited liability partnership incorporated in England. Its registered office is:
27 Old Gloucester Street
London
WC1N 3AX
Its principal place of business is :
Staple Chambers
Staple Gardens
Winchester
SO23 8RS
Land Consult LLP OC392386 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 M Budden No description of principal activity OC392386 2023-04-01 2024-03-31 OC392386 core:WithinOneYear 2024-03-31 OC392386 1 2024-03-31 OC392386 core:AllPeriods 2024-03-31 OC392386 2024-04-01 2025-03-31 OC392386 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC392386 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC392386 bus:PartnerLLP20 2024-04-01 2025-03-31 OC392386 3 2024-04-01 2025-03-31 OC392386 1 2024-04-01 2025-03-31 OC392386 2 2024-04-01 2025-03-31 OC392386 4 2024-04-01 2025-03-31 OC392386 core:PlantMachinery 2024-04-01 2025-03-31 OC392386 countries:England 2024-04-01 2025-03-31 OC392386 bus:FRS102 2024-04-01 2025-03-31 OC392386 bus:FilletedAccounts 2024-04-01 2025-03-31 OC392386 2025-03-31 OC392386 core:WithinOneYear 2025-03-31 OC392386 1 2025-03-31 OC392386 core:PlantMachinery 2025-03-31 OC392386 core:AllPeriods 2025-03-31 OC392386 2024-03-31 OC392386 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure