IRIS Accounts Production v25.1.3.33 OC307197 designated member 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3071972024-03-31OC3071972025-03-31OC3071972024-04-012025-03-31OC3071972023-03-31OC3071972023-04-012024-03-31OC3071972024-03-31OC307197ns15:EnglandWales2024-04-012025-03-31OC307197ns14:PoundSterling2024-04-012025-03-31OC307197ns10:PartnerLLP12024-04-012025-03-31OC307197ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC307197ns10:SmallEntities2024-04-012025-03-31OC307197ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31OC307197ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC307197ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC307197ns10:FullAccounts2024-04-012025-03-31OC307197ns10:PartnerLLP22024-04-012025-03-31OC307197ns10:PartnerLLP32024-04-012025-03-31OC307197ns10:RegisteredOffice2024-04-012025-03-31OC307197ns5:CurrentFinancialInstruments2025-03-31OC307197ns5:CurrentFinancialInstruments2024-03-31OC307197ns5:PlantMachinery2024-04-012025-03-31OC307197ns5:FurnitureFittings2024-03-31OC307197ns5:ComputerEquipment2024-03-31OC307197ns5:FurnitureFittings2024-04-012025-03-31OC307197ns5:ComputerEquipment2024-04-012025-03-31OC307197ns5:FurnitureFittings2025-03-31OC307197ns5:ComputerEquipment2025-03-31OC307197ns5:FurnitureFittings2024-03-31OC307197ns5:ComputerEquipment2024-03-31OC307197ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31OC307197ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: OC307197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Charnwood Accountants & Business
Advisors LLP

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)






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


Charnwood Accountants & Business
Advisors LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: C D Hutton Limited
A Brocklehurst Limited
S. D. Lathwood Ltd





REGISTERED OFFICE: The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: OC307197 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,407 60,156

CURRENT ASSETS
Work in Progress 549,085 532,033
Debtors 5 506,232 466,920
Cash at bank 211,868 172,132
1,267,185 1,171,085
CREDITORS
Amounts falling due within one year 6 791,211 739,061
NET CURRENT ASSETS 475,974 432,024
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

525,381

492,180

LOANS AND OTHER DEBTS DUE TO
MEMBERS

525,381

492,150

MEMBERS' OTHER INTERESTS
Capital accounts - 30
525,381 492,180

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 525,381 492,150
Members' other interests - 30
525,381 492,180

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.

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)

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 10 June 2025 and were signed by:





C D Hutton Limited - Designated member

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)

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

1. STATUTORY INFORMATION

Charnwood Accountants & Business Advisors 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
Turnover represents the amounts receivable from the supply of services that fall within the ordinary activities of the LLP, excluding value added tax.

Revenue is recognised as activity progresses at full selling price.

Some revenue is invoiced in advance of carrying out the work and some is invoiced in arrears. The value of work to be invoiced is included in work in progress.

Amounts invoiced in advance of carrying out the work are included in creditors as ' amounts invoiced in advance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Work in progress
Work in progress on contracts is valued at anticipated net sales value after provisions for contingencies and anticipated future losses and is included in work in progress.

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.

3. EMPLOYEE INFORMATION

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

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 100,680 58,369 159,049
Additions 3,749 5,557 9,306
Disposals (3,749 ) (10,915 ) (14,664 )
At 31 March 2025 100,680 53,011 153,691
DEPRECIATION
At 1 April 2024 52,784 46,109 98,893
Charge for year 13,130 6,925 20,055
Eliminated on disposal (3,749 ) (10,915 ) (14,664 )
At 31 March 2025 62,165 42,119 104,284
NET BOOK VALUE
At 31 March 2025 38,515 10,892 49,407
At 31 March 2024 47,896 12,260 60,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 424,509 385,412
Other debtors 81,723 81,508
506,232 466,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts invoiced in advance 485,682 460,775
Trade creditors 99,290 77,194
Taxation and social security 178,136 174,304
Other creditors 28,103 26,788
791,211 739,061

Charnwood Accountants & Business
Advisors LLP (Registered number: OC307197)

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

7. PROTECTION FOR CREDITORS

In the event of a winding up, members' other interests rank after unsecured 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.

Members are entitled to repayment of their capital when they retire or when they reduce their level of investment in the LLP.

Profits are allocated between members based on a fixed amount plus an additional share of the remaining profit. The fixed amounts and additional shares are determined at the end of the year, with any undrawn profits included in loans and other debts due to members. At the year end all amounts included in loans and other debts due to members are in respect of profits.