Limited Liability Partnership registration number OC416234 (England and Wales)
C G H FINANCIAL LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
C G H FINANCIAL LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr C G Hanson
Mrs J E Hanson
LLP registration number
OC416234
Registered office
3 Connaught Road
The Oakalls
Bromsgrove
Worcestershire
B60 2SH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
11 Western Boulevard
Bede Island Business Park
Leicester
LE2 7EJ
C G H FINANCIAL LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
C G H FINANCIAL LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,006
4,629
Current assets
Debtors
4
571,856
71,361
Cash at bank and in hand
9,956
11,242
581,812
82,603
Creditors: amounts falling due within one year
5
(87,302)
(87,232)
Net current assets/(liabilities)
494,510
(4,629)
Total assets less current liabilities and net assets attributable to members
511,516
-
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
511,516
-
Total members' interests
Amounts due from members
-
(71,361)
Loans and other debts due to members
511,516
-
511,516
(71,361)

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 3 June 2025 and are signed on their behalf by:
03 June 2025
Mr C G Hanson
Designated member
Limited Liability Partnership registration number OC416234 (England and Wales)
C G H FINANCIAL LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

C G H Financial LLP is a limited liability partnership incorporated in England and Wales. The registered office is 3 Connaught Road, The Oakalls, Bromsgrove, Worcestershire, B60 2SH.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

C G H FINANCIAL LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
700
3,634
10,800
15,134
Additions
-
880
21,798
22,678
Disposals
-
-
(10,800)
(10,800)
At 31 March 2025
700
4,514
21,798
27,012
Depreciation and impairment
At 1 April 2024
608
3,634
6,263
10,505
Depreciation charged in the year
24
290
5,450
5,764
Eliminated in respect of disposals
-
-
(6,263)
(6,263)
At 31 March 2025
632
3,924
5,450
10,006
Carrying amount
At 31 March 2025
68
590
16,348
17,006
At 31 March 2024
92
-
4,537
4,629
C G H FINANCIAL LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by members
-
71,361
Other debtors
571,856
-
571,856
71,361
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
83,719
83,719
Other creditors
3,583
3,513
87,302
87,232
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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