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REGISTERED NUMBER: OC374767 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRANE AND WALTON LLP

CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRANE AND WALTON LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: Andrew Klimowicz Limited
Matthew Needham Limited
Mrs R M Taylor
Ms P M Crane





REGISTERED OFFICE: 21-25
London Road
Coalville
Leicestershire
LE67 3JB





REGISTERED NUMBER: OC374767 (England and Wales)

CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,532 74,919

CURRENT ASSETS
Debtors 5 1,108,790 991,316
Cash at bank and in hand 421,176 172,722
1,529,966 1,164,038
CREDITORS
Amounts falling due within one year 6 449,566 423,776
NET CURRENT ASSETS 1,080,400 740,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,932

815,181

CREDITORS
Amounts falling due after more than one
year

7

22,272

94,383
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,125,660

720,798

CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

BALANCE SHEET - continued
31 MARCH 2025

2025 2024
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

1,121,660

716,798

MEMBERS' OTHER INTERESTS
Capital accounts 4,000 4,000
1,125,660 720,798

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 1,121,660 716,798
Members' other interests 4,000 4,000
1,125,660 720,798

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 31 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.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 July 2025 and were signed by:




Matthew Needham Limited - Designated member




Andrew Klimowicz Limited - Designated member


CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

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


1. STATUTORY INFORMATION

Crane and Walton LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amounts chargeable to clients for the provision of professional services that have been provided during the year. These amounts include direct recoverable expenses incurred but exclude Value Added Tax. The LLP recognises income, including expenses, at the point where it obtains the right to consideration. The excess of the right to consideration over invoiced amounts is shown within accrued income. Turnover in respect of contingent fee assignments is only recognised when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 15% reducing bal. and 20% straight line

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

Operating lease incentives - the benefit of the incentive is allocated 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

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


3. EMPLOYEE INFORMATION

The average number of employees during the year was 36 (2024 - 43 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2024 56,431 296,331 352,762
Additions - 10,470 10,470
At 31 March 2025 56,431 306,801 363,232
DEPRECIATION
At 1 April 2024 33,858 243,985 277,843
Charge for year 5,643 12,214 17,857
At 31 March 2025 39,501 256,199 295,700
NET BOOK VALUE
At 31 March 2025 16,930 50,602 67,532
At 31 March 2024 22,573 52,346 74,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 474,007 275,679
Other debtors 634,783 715,637
1,108,790 991,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 8) 166,034 250,257
Trade creditors 69,360 44,179
Taxation and social security 200,516 123,879
Other creditors 13,656 5,461
449,566 423,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 8) 22,272 94,383

CRANE AND WALTON LLP (REGISTERED NUMBER: OC374767)

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


8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 73,347
Bank loans - less than 1 yr 166,034 176,910
166,034 250,257

Amounts falling due between one and two years:
Bank loans - 1-2 years 22,272 94,383

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 30,000 30,000
Between one and five years 62,500 92,500
92,500 122,500

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft - 73,347
Bank loans 188,306 271,293
188,306 344,640

The bank loan outstanding to Lloyds is secured by a debenture over the assets of the LLP.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included with loans and other amounts due to members would rank equally with amounts due to other unsecured creditors.