Registered number
OC384590
Rhodes and Calvert LLP
Filleted Accounts
30 April 2025
Lynden Consultancy Limited
Accountants
Lynden
Catton
Thirsk
N Yorkshire
YO7 4SH
Rhodes and Calvert LLP
Registered number: OC384590
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 981,371 998,293
Current assets
Cash at bank and in hand 20,685 5,989
Creditors: amounts falling due within one year 4 (7,342) (6,413)
Net current assets/(liabilities) 13,343 (424)
Total assets less current liabilities 994,714 997,869
Net assets attributable to members 994,714 997,869
Represented by:
Loans and other debts due to members 5 994,714 425,660
Members' other interests
Other reserves - 572,209
994,714 997,869
Total members' interests
Loans and other debts due to members 5 994,714 425,660
Members' other interests - 572,209
994,714 997,869
For the year ended 30 April 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 27 June 2025 and signed on their behalf by:
Mr J Rhodes
Designated member
Rhodes and Calvert LLP
Notes to the Accounts
for the year ended 30 April 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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Land & buildings 1% straight line
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2024 1,094,836 11,503 41,490 1,147,829
At 30 April 2025 1,094,836 11,503 41,490 1,147,829
Depreciation
At 1 May 2024 120,432 10,975 18,129 149,536
Charge for the year 10,949 132 5,841 16,922
At 30 April 2025 131,381 11,107 23,970 166,458
Net book value
At 30 April 2025 963,455 396 17,520 981,371
At 30 April 2024 974,404 528 23,361 998,293
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 993 75
Other taxes and social security costs 6,349 6,338
7,342 6,413
5 Loans and other debts due to members 2025 2024
£ £
Loans from members 360,927 425,660
Amounts due to members in respect of profits 633,787 -
994,714 425,660
Amounts falling due within one year 994,714 425,660
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
Rhodes and Calvert LLP is a limited liability partnership incorporated in England. Its registered office is:
If House
Thornton Industrial Estate
Thornton Road
Pickering North Yorkshire
YO18 7JB
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