Registered number
OC326201
Sheppard Architects LLP
Filleted Accounts
31 March 2025
Sheppard Architects LLP
LLP Information
Designated members
Charles Sheppard
Kyra Sheppard
Accountants
J W Grogan
95 Headstone Lane
Harrow
Middlesex
HA2 6JL
Registered office
54 Warrington Road
Harrow
Middlesex
HA1 1SY
Registered number
OC326201
Sheppard Architects LLP
Registered number: OC326201
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 10,973 16,479
Investments 4 5,940 5,940
16,913 22,419
Current assets
Debtors 5 6,500 -
Cash at bank and in hand 11,406 992
17,906 992
Creditors: amounts falling due within one year 6 (1,201) (2,401)
Net current assets/(liabilities) 16,705 (1,409)
Total assets less current liabilities 33,618 21,010
Net assets attributable to members 33,618 21,010
Represented by:
Members' other interests
Members' capital classified as equity 33,618 21,010
33,618 21,010
Total members' interests
Members' other interests 33,618 21,010
33,618 21,010
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 9 June 2025 and signed on their behalf by:
C Sheppard
Designated member
Sheppard Architects 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 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 accumulative depreciation and any accumulative 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:
Motor vehicles over 4 years
Computer equipment over 3 years
Fixtures and fittings over 4 years
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of work in progress sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP - 1
3 Tangible fixed assets
Office Furniture Computer Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 5,144 17,992 21,628 44,764
At 31 March 2025 5,144 17,992 21,628 44,764
Depreciation
At 1 April 2024 5,143 17,735 5,407 28,285
Charge for the year - 99 5,407 5,506
At 31 March 2025 5,143 17,834 10,814 33,791
Net book value
At 31 March 2025 1 158 10,814 10,973
At 31 March 2024 1 257 16,221 16,479
4 Fixed asset investments
Other
investments
£
Cost
At 1 April 2024 5,940
At 31 March 2025 5,940
5 Debtors 2025 2024
£ £
Trade debtors 6,500 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors - accruals 1,201 2,401
7 Other information
Sheppard Architects LLP is a limited liability partnership incorporated in England. Its registered office is:
54 Warrington Road
Harrow
Middlesex
HA1 1SY
Sheppard Architects LLP OC326201 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 C Sheppard No description of principal activity OC326201 2023-04-01 2024-03-31 OC326201 core:WithinOneYear 2024-03-31 OC326201 core:ShareCapital 2024-03-31 OC326201 2024-04-01 2025-03-31 OC326201 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC326201 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC326201 bus:PartnerLLP1 2024-04-01 2025-03-31 OC326201 bus:PartnerLLP2 2024-04-01 2025-03-31 OC326201 bus:PartnerLLP20 2024-04-01 2025-03-31 OC326201 3 2024-04-01 2025-03-31 OC326201 1 2024-04-01 2025-03-31 OC326201 2 2024-04-01 2025-03-31 OC326201 4 2024-04-01 2025-03-31 OC326201 core:LandBuildings 2024-04-01 2025-03-31 OC326201 core:PlantMachinery 2024-04-01 2025-03-31 OC326201 core:Vehicles 2024-04-01 2025-03-31 OC326201 countries:England 2024-04-01 2025-03-31 OC326201 bus:FRS102 2024-04-01 2025-03-31 OC326201 bus:FilletedAccounts 2024-04-01 2025-03-31 OC326201 2025-03-31 OC326201 core:WithinOneYear 2025-03-31 OC326201 core:ShareCapital 2025-03-31 OC326201 core:LandBuildings 2025-03-31 OC326201 core:PlantMachinery 2025-03-31 OC326201 core:Vehicles 2025-03-31 OC326201 2024-03-31 OC326201 core:LandBuildings 2024-03-31 OC326201 core:PlantMachinery 2024-03-31 OC326201 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure