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REGISTERED NUMBER: OC425427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CAPS N BROLLIES LLP

CAPS N BROLLIES LLP (REGISTERED NUMBER: OC425427)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPS N BROLLIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: T J Grant
J Grant





REGISTERED OFFICE: Red Rose
Borders Lane
Etchingham
East Sussex
TN19 7AE





REGISTERED NUMBER: OC425427 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

CAPS N BROLLIES LLP (REGISTERED NUMBER: OC425427)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 4 541 14,273
Cash at bank 19,810 31,968
20,351 46,241
CREDITORS
Amounts falling due within one year 5 6,720 25,176
NET CURRENT ASSETS 13,631 21,065
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,631

21,065

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

13,431

20,865

MEMBERS' OTHER INTERESTS
Capital accounts 200 200
13,631 21,065

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 13,431 20,865
Members' other interests 200 200
13,631 21,065

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.

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 17 June 2025 and were signed by:




T J Grant - Designated member

CAPS N BROLLIES LLP (REGISTERED NUMBER: OC425427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Caps N Brollies 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point when the goods are dispatched to the end customer.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Going concern
Accounting standards require the members to consider the appropriateness of the going concern basis when preparing the financial statements. The members confirm that they consider the going concern basis remains appropriate. The members believe that the LLP has sufficient resources to continue in operational existence for the foreseeable future. The members believe this to be the case as the company has positive cash balances.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 14,273
Other debtors 541 -
541 14,273

CAPS N BROLLIES LLP (REGISTERED NUMBER: OC425427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security - 3,376
Other creditors 6,720 21,800
6,720 25,176

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 13,431 20,865

Falling due within one year 13,431 20,865

Amounts owing to members rank after other liabilities.