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Registered Number: OC308051
England and Wales

 

 

 

UNDERWOODS LLP



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Underwoods LLP for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Underwoods LLP, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Underwoods LLP and state those matters that we have agreed to state to the Board of Directors of Underwoods LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Underwoods LLP and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Underwoods LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Underwoods LLP. You consider that Underwoods LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Underwoods LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 March 2025. 








....................................................

Chawton Hector
2 Maules Gardens
Bristol
Avon
BS34 8AN

17 July 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 24,657    36,238 
24,657    36,238 
Current assets      
Stocks 11,500    11,500 
Debtors 133,409    82,865 
Cash at bank and in hand 115,634    639,097 
260,543    733,462 
Creditors: amount falling due within one year (97,337)   (164,487)
Net current assets 163,206    568,975 
 
Total assets less current liabilities 187,863    605,213 
Creditors: amount falling due after more than one year   (17,833)
Net assets 187,863    587,380 
 

Represented by:
Loans and other debts due to members 587,230    462,043 
Amounts due from members (979,349)   (430,841)
Members' other interest
Members' capital 150    150 
Other reserves 579,832    556,028 
579,982    556,178 

187,863    587,380 
 

Total members' interests
Amounts due from members (979,349)   (430,841)
Loans and other debts due to members 587,230    462,043 
Members' other interests 579,982    556,178 
187,863    587,380 
 


For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:


.............................................................................
Robert Keeves
Designated Member
Date approved by the members: 17 July 2025
2
General Information
Underwoods LLP is a limited liability partnership, registered in England and Wales, registration number OC308051, registration address Shire House, Pyramid Close, Northampton, Northamptonshire, NN3 8PH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 5 years Straight Line
Motor Vehicles 33% Reducing Balance
Fixtures and Fittings 15% Straight Line
Computer Equipment 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 15 (2024 : 13).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2024 18,132    106,751    11,323    43,099    179,305 
Additions        
Disposals        
At 31 March 2025 18,132    106,751    11,323    43,099    179,305 
Depreciation
At 01 April 2024 18,132    75,466    11,323    38,146    143,067 
Charge for year   10,324      1,257    11,581 
On disposals        
At 31 March 2025 18,132    85,790    11,323    39,403    154,648 
Net book values
Closing balance as at 31 March 2025   20,961      3,696    24,657 
Opening balance as at 01 April 2024   31,285      4,953    36,238 


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