| REGISTERED NUMBER: |
| Report of the Members and |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| Roebuck A M LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| Roebuck A M LLP |
| Roebuck A M LLP (Registered number: OC403844) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Report of the Independent Auditors | 4 |
| Income Statement | 8 |
| Other Comprehensive Income | 9 |
| Balance Sheet | 10 |
| Reconciliation of Members' Interests | 11 |
| Cash Flow Statement | 13 |
| Notes to the Cash Flow Statement | 14 |
| Notes to the Financial Statements | 16 |
| Roebuck A M LLP |
| General Information |
| for the Year Ended 31 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Certified Accountants |
| Nile House |
| Nile Street |
| Brighton |
| East Sussex |
| BN1 1HW |
| ACCOUNTANTS: |
| Bank House |
| Southwick Square |
| Southwick |
| Brighton |
| BN42 4FN |
| Roebuck A M LLP (Registered number: OC403844) |
| Report of the Members |
| for the Year Ended 31 March 2025 |
| The members present their report with the financial statements of the LLP for the year ended 31 March 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of asset management. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £1,709,545 (2024 - £3,011,571 profit). |
| MEMBERS' INTERESTS |
| Members' interests are treated as a mixture of debt and equity. |
| TRANSACTIONS WITH MEMBERS |
| The division of the profit share is in accordance with the terms set out in the LLP Partnership agreement. |
| The policy for individual members' drawings is the payment of a monthly amount on account of each member's profit share. These monthly drawings are determined by the Board, taking into account the need to retain sufficient funds to settle members' income tax liabilities and to finance the working capital and other needs of the business. |
| Individual members' capital contributions are determined from time to time by the Board having regard to the short, medium and long term needs of the business. Capital contributions are repayable within twelve months of an individual member's retirement. |
| STATEMENT OF MEMBERS' RESPONSIBILITIES |
| The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
| Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
| Roebuck A M LLP (Registered number: OC403844) |
| Report of the Members |
| for the Year Ended 31 March 2025 |
| STATEMENT OF MEMBERS' RESPONSIBILITIES - continued |
| The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the members are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the LLP's auditors are unaware, and each member has taken all the steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the LLP's auditors are aware of that information. |
| AUDITORS |
| The auditors, West & Berry Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE MEMBERS: |
| Report of the Independent Auditors to the Members of |
| Roebuck A M LLP |
| Opinion |
| We have audited the financial statements of Roebuck A M LLP (the 'LLP') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the LLP's affairs as at 31 March 2025 and of its profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance 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. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The members are responsible for the other information. The other information comprises the information in the Report of the Members, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Report of the Independent Auditors to the Members of |
| Roebuck A M LLP |
| Matters on which we are required to report by exception |
| We have nothing to report in respect of the following matters where the Companies Act 2006 as applied to LLPs requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of members |
| As explained more fully in the Statement of Members' Responsibilities set out on pages two and three, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so. |
| Report of the Independent Auditors to the Members of |
| Roebuck A M LLP |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: |
| * We obtained an understanding of the legal and regulatory frameworks applicable to the LLP and the sector in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships Regulations 2008, the LLP Statement of Recommended Practice (January 2022), regulation by the Financial Conduct Authority and employment laws. |
| * We obtained an understanding of how the LLP is complying with the legal and regulatory frameworks by making inquiries to management. |
| * We assessed the susceptibility of the LLP's financial statements to material misstatement, including how fraud might occur. |
| Audit procedures performed by the engagement team included: |
| - identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; |
| - understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |
| - made enquiries with management, including consideration of known or suspected instances of fraud or non-compliance; |
| - assessing the extent of compliance with the relevant laws and regulations. |
| - challenging assumptions and judgments made by management in its significant accounting estimates; |
| - identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; |
| - performed analytical procedures to identify any unusual or unexpected relationships; and |
| - investigated the rationale behind significant or unusual transactions. |
| Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise non-compliance. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Report of the Independent Auditors to the Members of |
| Roebuck A M LLP |
| Use of our report |
| This report is made solely to the LLP's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Chartered Certified Accountants |
| Nile House |
| Nile Street |
| Brighton |
| East Sussex |
| BN1 1HW |
| Roebuck A M LLP (Registered number: OC403844) |
| Income Statement |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 1,709,545 | 3,011,666 |
| Interest payable and similar expenses | 6 |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| Roebuck A M LLP (Registered number: OC403844) |
| Other Comprehensive Income |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Roebuck A M LLP (Registered number: OC403844) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| Investments | 9 |
| CURRENT ASSETS |
| Debtors | 10 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,609,733 |
2,911,829 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
13 |
1,609,733 |
2,911,829 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 13 | 1,609,733 | 2,911,829 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Roebuck A M LLP (Registered number: OC403844) |
| Reconciliation of Members' Interests |
| for the Year Ended 31 March 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 2,911,829 |
| Amount due from members | - |
| Balance at 1 April 2024 | - | 2,911,829 | 2,911,829 |
| Profit for the financial year available for discretionary division among members |
1,709,545 |
- |
1,709,545 |
| Members' interests after profit for the year |
1,709,545 |
2,911,829 |
4,621,374 |
| Other divisions of profit | (1,709,545 | ) | 1,709,545 | - |
| Drawings on account and distributions of profit |
- |
(3,011,641 |
) |
(3,011,641 |
) |
| Amount due to members | 1,609,733 |
| Amount due from members | - |
| Balance at 31 March 2025 | - | 1,609,733 | 1,609,733 |
| Roebuck A M LLP (Registered number: OC403844) |
| Reconciliation of Members' Interests |
| for the Year Ended 31 March 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 2,826,082 |
| Amount due from members | - |
| Balance at 1 April 2023 | - | 2,826,082 | 2,826,082 |
| Profit for the financial year available for discretionary division among members |
3,011,571 |
- |
3,011,571 |
| Members' interests after profit for the year |
3,011,571 |
2,826,082 |
5,837,653 |
| Other divisions of profit | (3,011,571 | ) | 3,011,571 | - |
| Drawings on account and distributions of profit |
- |
(2,925,824 |
) |
(2,925,824 |
) |
| Amount due to members | 2,911,829 |
| Amount due from members | - |
| Balance at 31 March 2024 | - | 2,911,829 | 2,911,829 |
| Roebuck A M LLP (Registered number: OC403844) |
| Cash Flow Statement |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 2 |
| Interest paid | ( |
) |
| Net cash from operating activities |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | ( |
) |
| Purchase of fixed asset investments | - | (9,152 | ) |
| Interest received |
| Net cash from investing activities | ( |
) |
| Cash flows from financing activities |
| Transactions with members and | former members |
| Payments to members | (3,011,641 | ) | (2,925,824 | ) |
| Net cash from financing activities | (3,011,641 | ) | (2,925,824 | ) |
| (Decrease)/increase in cash and cash equivalents | ( |
) |
| Cash and cash equivalents at beginning of year |
3 |
2,491,376 |
| Cash and cash equivalents at end of year |
3 |
1,197,866 |
2,529,130 |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Cash Flow Statement |
| for the Year Ended 31 March 2025 |
| 1. | CLASSIFICATION OF SHARE OF PROFITS IN THE CASH FLOW STATEMENT |
| Profits are distributed to members in accordance with their holdings of interests and are credited (or debited) to each member's current account with the LLP, in its accounting records and annual accounts. |
| 2. | RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS TO CASH GENERATED FROM OPERATIONS |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
1,709,545 |
3,011,571 |
| Depreciation charges |
| Finance costs | - | 95 |
| Finance income | (7,498 | ) | (2,710 | ) |
| 1,731,936 | 3,039,748 |
| Decrease/(increase) in trade and other debtors | ( |
) |
| (Decrease)/increase in trade and other creditors | ( |
) |
| Cash generated from operations |
| 3. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 31 March 2025 |
| 31.3.25 | 1.4.24 |
| £ | £ |
| Cash and cash equivalents | 1,197,866 | 2,529,130 |
| Year ended 31 March 2024 |
| 31.3.24 | 1.4.23 |
| £ | £ |
| Cash and cash equivalents | 2,529,130 | 2,491,376 |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Cash Flow Statement |
| for the Year Ended 31 March 2025 |
| 4. | ANALYSIS OF CHANGES IN NET DEBT |
| Other |
| non-cash |
| At 1.4.24 | Cash flow | changes | At 31.3.25 |
| £ | £ | £ | £ |
| Net cash |
| Cash at bank | 2,529,130 | (1,331,264 | ) | 1,197,866 |
| 2,529,130 | ( |
) | 1,197,866 |
| Net funds (before |
| members' debt) | 2,529,130 | (1,331,264 | ) | - | 1,197,866 |
| Loans and other debts |
| due to members |
| Other amounts |
| due to members | (2,911,829 | ) | 3,011,641 | (1,709,545 | ) | (1,609,733 | ) |
| Net debt | (382,699 | ) | 1,680,377 | (1,709,545 | ) | (411,867 | ) |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Roebuck A M 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" 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. |
| The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £. |
| The accounts comply with FRS 102. |
| Going concern |
| At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements. |
| There are no material uncertainties that may cast significant doubt about the entity's ability to continue as a going concern. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from asset management contracts is recognised on a quarterly basis of the service provided and excludes all sales taxes, rebates and early settlement discounts. |
| Revenue from one off services, including asset acquisition and disposal, is recognised only at the point of contract completion, when the LLP is entitled to the economic benefits from the contract. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and equipment | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Fixed asset investments |
| Fixed asset investments in subsidiaries, associates and joint ventures are held at cost less any impairment. |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | EMPLOYEE INFORMATION |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 31.3.25 | 31.3.24 |
| Manager | 1 | 1 |
| Finance | 1 | 1 |
| Administration | 1 | 1 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other operating leases |
| Depreciation - owned assets |
| Foreign exchange differences |
| 5. | AUDITORS' REMUNERATION |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Fees payable to the LLP's auditors for the audit of the LLP's financial statements |
14,091 |
9,595 |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Hmrc interest |
| 7. | INFORMATION IN RELATION TO MEMBERS |
| 31.3.25 | 31.3.24 |
| £ | £ |
| The amount of profit attributable to the member with the largest entitlement was | 725,727 |
1,506,966 |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| The average number of members during the year was | 3 | 3 |
| 8. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Computer |
| leasehold | equipment | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 9. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | FIXED ASSET INVESTMENTS - continued |
| Investments relate to the purchases of shares in RELF (Spanish Finance) Ltd for £135,742, Stone Midco Ltd Class B (£1) and Roebuck European Holdings Ltd (£100). |
| All investments are considered to have held their value at the balance sheet date. |
| Details of holdings in subsidiaries and associates: |
Name |
Country incorporated |
Class of shares |
No. of shares |
Nominal value /share |
Holding % |
| Holdings in subsidiaries: |
| Roebuck European Holdings Ltd | UK | Ordinary | 100 | £1/share | 100% |
| Roebuck AM Iberia SLU | Spain | Ordinary | 3,000 | €1/share | 100% |
| Holdings in associates: |
| RELF (Spanish Finance) Ltd | UK | Ordinary | 8,298 | £1/share | 28% |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Intercompany accounts |
| Accrued income |
| Prepayments |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Pension Control | 807 | 1,064 |
| VAT | 97,743 | 164,609 |
| Credit card control |
| Provision for rent free period |
| Accrued expenses |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 12. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Within one year |
| Between one and five years |
| 13. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| There are no restrictions on the ability of the members to reduce the amount of 'Members' interests' ahead of any unsecured creditors. |
| Loans and other debts due to members rank equally with debts to unsecured creditors in the event of a winding up. |
| 14. | RELATED PARTY DISCLOSURES |
| During the year no management fees were charged to RREIL (2024: £nil). Professional fees and management charges of £83,333 (2024: £110,000) were charged by RREIL. During the year RREIL incurred costs on behalf of Roebuck AM LLP totalling £24,021.Transactions were conducted in line with the terms of the LLP Partnership Agreement between H Macdonald-Brown, N Rhodes and GFH Financial Group Ltd. |
| The members, H Macdonald-Brown and N Rhodes each control 50% of Roebuck Carry GP LP. During the year income was received from Roebuck Carry GP LP totalling £16,667. At the balance sheet date there is £6,250 within the accrued income owed from Roebuck AM LLP to RREIL. |
| At the balance sheet date a total balance of £24,458 (2024: £7,663) included within debtors was owed to Roebuck AM LLP from associated Roebuck companies. |
| Roebuck A M LLP (Registered number: OC403844) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 15. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The address of GFH Financial Group B.S.C. is: |
| Bahrain Financial Harbour, East Tower - 28th Floor, PO Box 10006, Manama, Kingdom of Bahrain. |
| On the 23rd December 2020, GFH Financial Group B.S.C. purchased 60% holdings of Roebuck AM LLP making it the ultimate controlling party by virtue of its holding. |
| On 6th January 2022, GFH Financial Group Ltd (previously named GFH UK Holdco Limited), a UK company which was 100% owned by GFH Financial Group B.S.C. was assigned the majority holding. |
| During the prior year GFH Partners Ltd, which is owned 100% by GFH Financial Group B.S.C. was registered in Dubai and was assigned 100% ownership of GFH Financial Group Ltd. Consequently GFH Financial Group B.S.C. remains the ultimate controlling party. |
| The smallest group in which the company accounts are consolidated is that of GFH Financial Group Limited, the consolidated accounts are available from 1 Blossom Yard, Fourth Floor, London, United Kingdom E1 6RS |