| R & J LOUSADA LLP |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31ST MARCH 2025 |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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: |
| 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 & J LOUSADA LLP (REGISTERED NUMBER: OC325304) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| 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 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| R & J LOUSADA LLP (REGISTERED NUMBER: OC325304) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| 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 |
| AMORTISATION |
| At 1st April 2024 |
| and 31st March 2025 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 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 |
| Amounts due from members | 52,222 | - |
| Prepayments and accrued income |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Loans |
| Hire purchase contracts (see note 11) |
| Trade creditors |
| Social security and other taxes |
| Pensions | 1,944 | 1,159 |
| VAT | 58,944 | 51,630 |
| Accrued expenses |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 11) |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 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. |