Registered number
OC438138
Occam Research Services LLP
Filleted Accounts
31 March 2025
Occam Research Services LLP
Registered number: OC438138
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,455 1,747
Current assets
Debtors 4 56,800 26,325
Cash at bank and in hand 15,924 13,723
72,724 40,048
Creditors: amounts falling due within one year 5 (16,040) (10,512)
Net current assets 56,684 29,536
Total assets less current liabilities 60,139 31,283
Net assets attributable to members 60,139 31,283
Represented by:
Members' other interests
Other reserves 60,139 31,283
60,139 31,283
Total members' interests
Members' other interests 60,139 31,283
60,139 31,283
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 6 June 2025 and signed on their behalf by:
J Sorensen
Designated member
Occam Research Services LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment over 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 2,163
Additions 2,255
At 31 March 2025 4,418
Depreciation
At 1 April 2024 416
Charge for the year 547
At 31 March 2025 963
Net book value
At 31 March 2025 3,455
At 31 March 2024 1,747
4 Debtors 2025 2024
£ £
Trade debtors 53,339 22,329
Other debtors 3,461 3,996
56,800 26,325
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 9,856 6,003
Other taxes and social security costs 4,309 2,724
Other creditors 1,875 1,785
16,040 10,512
6 Other information
Occam Research Services LLP is a limited liability partnership incorporated in England. Its registered office is:
10 Wellington Street
Cambridge
CB1 1HW
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