| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| FOR |
| ELGC LLP |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| FOR |
| ELGC LLP |
| ELGC LLP (REGISTERED NUMBER: OC371234) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| ELGC LLP (REGISTERED NUMBER: OC371234) |
| BALANCE SHEET |
| 5TH APRIL 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | 54,956 | 47,684 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 54,956 | 47,684 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 54,956 | 47,684 |
| 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. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| ELGC LLP (REGISTERED NUMBER: OC371234) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| ELGC LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £1. |
| The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated. |
| At the time of signing these accounts, having considered the economic climate, the partners expectations and intentions for the next 12 months, and the availability of working capital, the are of partners the opinion that the LLP will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| When the outcome of a transaction can be estimated reliably, turnover from consultancy is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to number of days completed. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows. |
| Plant & machinery | - 10% on cost |
| Motor Vehicles | - 25% on reducing balance |
| ELGC LLP (REGISTERED NUMBER: OC371234) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The LLP only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the LLP's balance sheet when it becomes party to the contractual provisions of the instrument. |
| Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised. |
| Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised. |
| Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Leases |
| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. |
| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 6th April 2024 |
| and 5th April 2025 |
| DEPRECIATION |
| At 6th April 2024 |
| Charge for year |
| At 5th April 2025 |
| NET BOOK VALUE |
| At 5th April 2025 |
| At 5th April 2024 |
| ELGC LLP (REGISTERED NUMBER: OC371234) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 54,956 | 47,684 |
| Falling due within one year | 54,956 | 47,684 |
| In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank subject to the provisions of the Insolvency Act 1986 as amended by the Act and the Regulations. As to payment of preferential and other debts (including advances), any surplus remaining shall be distributed among the Members rateably in the proportions in which they shared profits immediately prior to commencement of the winding up. |
| For the avoidance of doubt, no Member has agreed with other Members or with the LLP that they shall in the event of winding up the LLP contribute in any way to the assets of the LLP in accordance with Section 74 of the Insolvency Act. |