Registered number
OC443638
Razorvibe Barbers LLP
Filleted Accounts
31 March 2025
Razorvibe Barbers LLP
Registered number: OC443638
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 19,006 21,971
Current assets
Debtors 4 198 198
Cash at bank and in hand 22,802 10,671
23,000 10,869
Creditors: amounts falling due within one year 5 (866) (1,711)
Net current assets 22,134 9,158
Total assets less current liabilities 41,140 31,129
Net assets attributable to members 41,140 31,129
Represented by:
Loans and other debts due to members 6 57 14,478
Members' other interests
Other reserves 41,083 16,651
41,140 31,129
Total members' interests
Loans and other debts due to members 6 57 14,478
Members' other interests 41,083 16,651
41,140 31,129
For the year ended 31 March 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 22 August 2025 and signed on their behalf by:
F P Richards
Designated member
Razorvibe Barbers LLP
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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
Plant and machinery Fixture & fittings Total
£ £ £
Cost
At 1 April 2024 3,872 25,522 29,394
Additions 389 - 389
At 31 March 2025 4,261 25,522 29,783
Depreciation
At 1 April 2024 948 6,475 7,423
Charge for the year 497 2,857 3,354
At 31 March 2025 1,445 9,332 10,777
Net book value
At 31 March 2025 2,816 16,190 19,006
At 31 March 2024 2,924 19,047 21,971
4 Debtors 2025 2024
£ £
Other debtors 198 198
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 866 1,711
6 Loans and other debts due to members 2025 2024
£ £
Amounts due to members in respect of profits 57 14,478
Amounts falling due within one year 57 14,478
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Razorvibe Barbers LLP is a limited liability partnership incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
Razorvibe Barbers LLP OC443638 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 F P Richards No description of principal activity OC443638 2023-09-01 2024-03-31 OC443638 core:WithinOneYear 2024-03-31 OC443638 1 2024-03-31 OC443638 core:RetainedEarningsAccumulatedLosses 2024-03-31 OC443638 2024-04-01 2025-03-31 OC443638 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC443638 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC443638 bus:PartnerLLP20 2024-04-01 2025-03-31 OC443638 3 2024-04-01 2025-03-31 OC443638 1 2024-04-01 2025-03-31 OC443638 2 2024-04-01 2025-03-31 OC443638 4 2024-04-01 2025-03-31 OC443638 core:PlantMachinery 2024-04-01 2025-03-31 OC443638 core:Vehicles 2024-04-01 2025-03-31 OC443638 countries:England 2024-04-01 2025-03-31 OC443638 bus:FRS102 2024-04-01 2025-03-31 OC443638 bus:FilletedAccounts 2024-04-01 2025-03-31 OC443638 2025-03-31 OC443638 core:WithinOneYear 2025-03-31 OC443638 1 2025-03-31 OC443638 core:RetainedEarningsAccumulatedLosses 2025-03-31 OC443638 core:PlantMachinery 2025-03-31 OC443638 core:Vehicles 2025-03-31 OC443638 2024-03-31 OC443638 core:PlantMachinery 2024-03-31 OC443638 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure