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REGISTERED NUMBER: OC347982 (England and Wales)


















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LXL LLP

LXL LLP (REGISTERED NUMBER: OC347982)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LXL LLP

GENERAL INFORMATION
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: A M Jones
L J M Jones





REGISTERED OFFICE: 1 Blake Mews
Kew Gardens
Richmond
Surrey
TW9 3GA





REGISTERED NUMBER: OC347982 (England and Wales)





ACCOUNTANTS: CLS Accountants Limited
Chartered Certified Accountants
2 Rythe Close
Esher
Surrey
KT10 9DD

LXL LLP (REGISTERED NUMBER: OC347982)

STATEMENT OF FINANCIAL POSITION
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,778 11,270

CURRENT ASSETS
Debtors 5 17,848 604,159
Cash at bank 317,491 515,703
335,339 1,119,862
CREDITORS
Amounts falling due within one year 6 195,329 310,496
NET CURRENT ASSETS 140,010 809,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,788

820,636

CREDITORS
Amounts falling due after more than one
year

7

-

37,108
NET ASSETS ATTRIBUTABLE TO
MEMBERS

147,788

783,528

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

147,788

783,528

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 147,788 783,528

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.

LXL LLP (REGISTERED NUMBER: OC347982)

STATEMENT OF FINANCIAL POSITION - 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 7 July 2025 and were signed by:





A M Jones - Designated member

LXL LLP (REGISTERED NUMBER: OC347982)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

LXL 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 net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 20% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 1 (2024 - 2 ) .

LXL LLP (REGISTERED NUMBER: OC347982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 129,445
Additions 2,386
Disposals (24,433 )
At 31 March 2025 107,398
DEPRECIATION
At 1 April 2024 118,175
Charge for year 4,916
Eliminated on disposal (23,471 )
At 31 March 2025 99,620
NET BOOK VALUE
At 31 March 2025 7,778
At 31 March 2024 11,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 12,060 403,331
Amounts recoverable on contract - 163,542
Other debtors 5,788 37,286
17,848 604,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 37,055 111,111
Trade creditors 12,436 46,071
Taxation and social security 1,644 1,484
Other creditors 144,194 151,830
195,329 310,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 37,108

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.