Limited Liability Partnership registration number OC302724 (England and Wales)
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
209,563
214,048
Current assets
Debtors
4
75,950
70,320
Cash at bank and in hand
160,189
178,657
236,139
248,977
Creditors: amounts falling due within one year
5
(113,919)
(110,048)
Net current assets
122,220
138,929
Total assets less current liabilities
331,783
352,977
Creditors: amounts falling due after more than one year
6
(27,546)
(42,894)
Net assets attributable to members
304,237
310,083
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
20,800
20,800
Other amounts
283,437
289,283
304,237
310,083

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

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.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 26 August 2025 and are signed on their behalf by:
26 August 2025
Mr G Robb
Designated member
Limited Liability Partnership registration number OC302724 (England and Wales)
- 1 -
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
Limited liability partnership information

Recognition Marketing and Public Relations LLP is a limited liability partnership incorporated in England and Wales. The registered office is 4 Pioneer Court, Morton Palms, Darlington, DL1 4WD. The company number is OC302724.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

 

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The reporting period is 12 months. The previous year has been shortened from 31 August 2024 to 31 March 2024 resulting in a 7 month accounting period in the comparative year, therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.4
Turnover

Turnover represents the receivable for goods and services net of VAT.

Revenue from the sale of services is recognised when the significant risks and rewards of ownership have passed to the buyer (usually on completion of services), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
50 years straight line
Plant and equipment
3 years straight line
Fixtures and fittings
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.6
Financial instruments

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

 

- 2 -
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
Basic financial assets

Basic financial assets, which include debtors, cash and bank balances and loans with related parties are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.7
Leases

Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
12
13
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
251,963
31,235
283,198
Additions
-
3,361
3,361
Disposals
-
(8,229)
(8,229)
At 31 March 2025
251,963
26,367
278,330
Depreciation and impairment
At 1 April 2024
52,076
17,074
69,150
Depreciation charged in the year
5,039
2,345
7,384
Eliminated in respect of disposals
-
(7,767)
(7,767)
At 31 March 2025
57,115
11,652
68,767
Carrying amount
At 31 March 2025
194,848
14,715
209,563
At 31 March 2024
199,887
14,161
214,048
- 3 -
RECOGNITION MARKETING AND PUBLIC RELATIONS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
59,465
66,358
Other debtors
16,485
3,962
75,950
70,320
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loan
15,471
14,204
Trade creditors
8,866
6,830
Other taxation and social security
84,071
81,021
Other creditors
5,511
7,993
113,919
110,048
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
27,546
42,894
7
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with ordinary creditors.

8
Operating lease commitments
Lessee

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
33,039
39,105
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