REGISTERED NUMBER: OC341462 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

SHORESTONE FINANCIAL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S L Evans

Mrs A Gallizzi

REGISTERED OFFICE:

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

REGISTERED NUMBER:

OC341462 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

FIXED ASSETS

Tangible assets

4

28,854

38,472

CURRENT ASSETS

Debtors

5

64,611

37,763

Cash at bank and in hand

30,023

33,376

94,634

71,139

CREDITORS

Amounts falling due within one year

6

15,483

17,904

NET CURRENT ASSETS

79,151

53,235

TOTAL ASSETS LESS CURRENT LIABILITIES

108,005

91,707

CREDITORS

Amounts falling due after more than one year

7

19,222

26,429

NET ASSETS ATTRIBUTABLE TO MEMBERS

88,783

65,278

LOANS AND OTHER DEBTS DUE TO MEMBERS

88,783

65,278

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

88,783

65,278

Amounts due from members

5

(10,691

)

-

78,092

65,278

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 31st December 2024.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28th August 2025 and were signed by:

S L Evans - Designated member

Mrs A Gallizzi - Designated member

1.	STATUTORY INFORMATION

Shorestone Financial 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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

650

42,040

10,802

53,492

DEPRECIATION

At 1st January 2024

260

4,379

10,381

15,020

Charge for year

98

9,415

105

9,618

At 31st December 2024

358

13,794

10,486

24,638

NET BOOK VALUE

At 31st December 2024

292

28,246

316

28,854

At 31st December 2023

390

37,661

421

38,472

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

50,173

34,616

Amounts due from members

10,691

-

Other debtors

1,000

-

Prepayments

2,747

3,147

64,611

37,763

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

7,208

7,208

Trade creditors

4,396

4,702

Social security and other taxes

325

299

Other creditors

1,154

3,295

Accrued expenses

2,400

2,400

15,483

17,904

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

19,222

26,429