Registered number
OC398445
C J Rossin LLP
Accounts
31 March 2025
C J Rossin LLP
Registered number: OC398445
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 34,068 40,837
Current assets
Debtors 4 146,105 107,224
Cash at bank and in hand 198,119 202,473
344,224 309,697
Creditors: amounts falling due within one year 5 (56,592) (41,696)
Net current assets 287,632 268,001
Total assets less current liabilities 321,700 308,838
Creditors: amounts falling due after more than one year 6 - (3,056)
Net assets attributable to members 321,700 305,782
Represented by:
Loans and other debts due to members 217,256 201,338
Members' other interests
Members' capital classified as equity 104,444 104,444
321,700 305,782
Total members' interests
Loans and other debts due to members 7 217,256 201,338
Members' other interests 104,444 104,444
321,700 305,782
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 10 June 2025
S Rossin
Designated member
C J Rossin 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 cumulative depreciation and any cumulative 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:
Office equipment 25% reducing balance
Motor vehicles 25% reducing balance
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. 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 1 1
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 10,756 80,950 91,706
Additions 1,950 2,250 4,200
At 31 March 2025 12,706 83,200 95,906
Depreciation
At 1 April 2024 7,498 43,371 50,869
Charge for the year 1,058 9,911 10,969
At 31 March 2025 8,556 53,282 61,838
Net book value
At 31 March 2025 4,150 29,918 34,068
At 31 March 2024 3,258 37,579 40,837
4 Debtors 2025 2024
£ £
Trade debtors 108,524 77,083
Other debtors, prepayments and accrued income 37,581 30,141
146,105 107,224
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 3,056 3,333
Trade creditors 14,600 6,988
Other taxes and social security costs 32,173 25,331
Other creditors 6,763 6,044
56,592 41,696
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 3,056
7 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits 217,256 201,338
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
C J Rossin LLP is a limited liability partnership incorporated in England. Its registered office is:
9 Goldington Road
Bedford
MK40 3JY
9 Controlling party
The company is controlled by its Designated Members as shown in the Members' Report.
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