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Registration number: OC424128

Trevor Lahiff Architects LLP

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Trevor Lahiff Architects LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 7

Balance Sheet

2

Notes to the Financial Statements

4

 

Trevor Lahiff Architects LLP

Limited liability partnership information

Designated members

Mrs CE Lahiff

Mr PC Lahiff
 

Registered office

320 Garratt Lane
Earlsfield
London
SW18 4EJ

Principal place of business

Geneva House
99 Knatchbull Road
London
SE5 9QU

Accountants

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

Trevor Lahiff Architects LLP

(Registration number: OC424128)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

873

1,164

Current assets

 

Debtors

4

80,701

67,739

Cash and short-term deposits

 

16,986

59,940

 

97,687

127,679

Creditors: Amounts falling due within one year

5

(686,309)

(816,560)

Net current liabilities

 

(588,622)

(688,881)

Net liabilities attributable to members

 

(587,749)

(687,717)

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(587,749)

(687,717)

   

(587,749)

(687,717)

Total members' interests

 

Loans and other debts due to members

 

(587,749)

(687,717)

   

(587,749)

(687,717)

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Trevor Lahiff Architects LLP

(Registration number: OC424128)
Balance Sheet as at 31 March 2025

The financial statements of Trevor Lahiff Architects LLP (registered number OC424128) were approved by the Board and authorised for issue on 29 July 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mrs CE Lahiff
Designated member

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Trevor Lahiff Architects LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2024 - 0).

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3

Tangible fixed assets

Fixtures and fittings
 £

Motor vehicles
 £

Total
£

Cost

At 1 April 2024

1,852

24,000

25,852

At 31 March 2025

1,852

24,000

25,852

Depreciation

At 1 April 2024

1,852

22,836

24,688

Charge for the year

-

291

291

At 31 March 2025

1,852

23,127

24,979

Net book value

At 31 March 2025

-

873

873

At 31 March 2024

-

1,164

1,164

4

Debtors

2025
£

2024
£

Trade debtors

74,436

57,121

Other debtors

75

475

Prepayments and accrued income

6,190

10,143

Total current trade and other debtors

80,701

67,739

5

Creditors: Amounts falling due within one year

2025
£

2024
£

Bank loans and overdrafts

31,824

37,523

Trade creditors

186,085

281,125

Other creditors

1,114

3,028

Accruals and deferred income

465,250

493,000

Taxation and social security

2,036

1,884

686,309

816,560

 

Trevor Lahiff Architects LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.