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R & J LOUSADA LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025






R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Notes to the Financial Statements 7


R & J LOUSADA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DESIGNATED MEMBERS: J I Lousada
R P Lousada





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: OC325304 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST MARCH 2025

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a dog kennel and cattery.

DESIGNATED MEMBERS
The designated members during the year under review were:

J I Lousada
R P Lousada

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £331,370 (2024 - £288,456 profit).

MEMBERS' INTERESTS
Members' profit shares
Members are remunerated solely out of the profits of the LLP, and are personally responsible for funding their own pensions.

The members set their salary appropriations annually and review the allocations of the remaining profits. All profits generated are allocated.

The taxation payable on the LLP's profits is a personal liability of the members during the period. Drawings are restricted to enable taxation payments to be funded on the members' behalf.

Members' capital
Members' capital is repayable on retirement from the LLP. In the event of a winding up, members' capital would rank after unsecured creditors.

ON BEHALF OF THE MEMBERS:





R P Lousada - Designated member


21st August 2025

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2025

2025 2024
Notes £    £   

TURNOVER 993,742 947,067

Cost of sales 46,812 48,820
GROSS PROFIT 946,930 898,247

Administrative expenses 500,221 507,815
OPERATING PROFIT 4 446,709 390,432


Interest payable and similar expenses 115,339 101,976
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




331,370




288,456

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2025

2025 2024
Notes £    £   

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




331,370




288,456


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

331,370

288,456

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 1,568,403 1,591,330
1,568,403 1,591,330

CURRENT ASSETS
Stocks 300 300
Debtors 8 54,868 856
Cash at bank and in hand 287,988 298,874
343,156 300,030
CREDITORS
Amounts falling due within one year 9 211,467 316,934
NET CURRENT ASSETS/(LIABILITIES) 131,689 (16,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,700,092

1,574,426

CREDITORS
Amounts falling due after more than one
year

10

959,935

884,623
NET ASSETS ATTRIBUTABLE TO
MEMBERS

740,157

689,803

LOANS AND OTHER DEBTS DUE TO
MEMBERS

13

740,157

689,803

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 13 740,157 689,803
Amounts due from members 8 (52,222 ) -
687,935 689,803

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 31st 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.

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

BALANCE SHEET - continued
31ST MARCH 2025


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21st August 2025 and were signed by:





R P Lousada - Designated member

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

R & J Lousada 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents kennel services provided, stated net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases are capitalised and depreciated over their useful lives.The lease obligation is treated in the balance sheet as a liability and the interest element of rental obligations is charged to the profit and loss over the period of the lease.

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 11 (2024 - 12 ) .

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Depreciation - owned assets 9,715 17,383

5. INFORMATION IN RELATION TO MEMBERS

The average number of members during the period was two.

6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 25,000
AMORTISATION
At 1st April 2024
and 31st March 2025 25,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

7. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2024 1,538,453 98,466 51,608 11,981 1,700,508
Additions - 1,446 - 1,168 2,614
Disposals - - (36,499 ) - (36,499 )
At 31st March 2025 1,538,453 99,912 15,109 13,149 1,666,623
DEPRECIATION
At 1st April 2024 - 70,734 30,168 8,276 109,178
Charge for year - 7,085 1,404 1,226 9,715
Eliminated on disposal - - (20,673 ) - (20,673 )
At 31st March 2025 - 77,819 10,899 9,502 98,220
NET BOOK VALUE
At 31st March 2025 1,538,453 22,093 4,210 3,647 1,568,403
At 31st March 2024 1,538,453 27,732 21,440 3,705 1,591,330

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 915 611
Amounts due from members 52,222 -
Prepayments and accrued income 1,731 245
54,868 856

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Loans 123,840 215,198
Hire purchase contracts (see note 11) - 8,353
Trade creditors 10,453 26,686
Social security and other taxes 13,438 11,808
Pensions 1,944 1,159
VAT 58,944 51,630
Accrued expenses 2,848 2,100
211,467 316,934

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 959,935 880,997
Hire purchase contracts (see note 11) - 3,626
959,935 884,623

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year - 8,353
Between one and five years - 3,626
- 11,979

Non-cancellable operating leases
2025 2024
£    £   
Within one year 4,908 4,908
Between one and five years 12,679 17,587
17,587 22,495

R & J LOUSADA LLP (REGISTERED NUMBER: OC325304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

12. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts - 11,979

The bank and mortgage loans are secured by a first legal charge over the LLP's freehold premises.

13. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital is repayable on retirement from the LLP. In the event of a winding up, members' capital would rank after unsecured creditors.

14. ULTIMATE CONTROLLING PARTY

The LLP was under the control of Mr R and Mrs J Lousada throughout the whole period.