REGISTERED NUMBER: OC395326 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CUNNINGTONS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr J P Bradshaw

Miss K E Hunt

Miss B R Wilmshurst

Miss K E Horsted

Mr M B Taylor

REGISTERED OFFICE:

Great Square

Braintree

Essex

CM7 1UD

REGISTERED NUMBER:

OC395326 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3rd Floor

Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

434,085

412,853

CURRENT ASSETS

Debtors

5

911,153

971,114

Cash at bank and in hand

1,072,770

612,757

1,983,923

1,583,871

CREDITORS

Amounts falling due within one year

6

710,670

611,271

NET CURRENT ASSETS

1,273,253

972,600

TOTAL ASSETS LESS CURRENT LIABILITIES

1,707,338

1,385,453

CREDITORS

Amounts falling due after more than one year

7

(420,577

)

(488,907

)

PROVISIONS FOR LIABILITIES

(307,869

)

(331,912

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

978,892

564,634

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

978,892

564,634

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

978,892

564,634

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 20 August 2025 and were signed by:

Miss K E Horsted - Designated member

Mr J P Bradshaw - Designated member

1.	STATUTORY INFORMATION

Cunningtons 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 represents fees earned net of VAT, fees being accounted for as work is performed. Income from conditional assignments is recognised when it can be estimated reliably, revenue is calculated by reference to the stage of completion on the transaction at the end of the reporting period.

Tangible fixed assets

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

Fixtures and Fittings

- 20% on cost

Motor Vehicles

- 20% on cost

Computer Equipment

- 25% on reducing balance

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Amounts recoverable on contracts

Amounts recoverable on contracts represents the estimated selling value of work done by the balance sheet date where the LLP has not yet raised an invoice for the work done.

Taxation

Taxation payable on the profits of the LLP is a personal liability of the members. As such, no provision is made in these accounts.

Allocation of profits and drawings

On approval of the annual financial statements, all profits/losses for the period are allocated to members.

The level and timing of any drawings is decided by the members, taking into account the LLP's cash requirements for operating and investing activities. Drawings represent payments on account of current period profits or draw down of the Members Account.

Pensions

The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the firm in an independently administered fund. The pension contributions payable are charged to the profit and loss account.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 93 (2024 - 96 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

272,149

624,977

897,126

Additions

-

82,099

82,099

At 31 March 2025

272,149

707,076

979,225

DEPRECIATION

At 1 April 2024

-

484,273

484,273

Charge for year

-

60,867

60,867

At 31 March 2025

-

545,140

545,140

NET BOOK VALUE

At 31 March 2025

272,149

161,936

434,085

At 31 March 2024

272,149

140,704

412,853

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

56,513

DEPRECIATION

At 1 April 2024

12,558

Charge for year

18,838

At 31 March 2025

31,396

NET BOOK VALUE

At 31 March 2025

25,117

At 31 March 2024

43,955

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

216,203

179,229

Amounts recoverable on contract

378,701

470,595

Other debtors

316,249

321,290

911,153

971,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,034

46,424

Taxation and social security

285,958

181,396

Other creditors

388,678

383,451

710,670

611,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

237,052

262,500

Deferred income

183,525

226,407

420,577

488,907

Bank loans are secured by a floating charge over the assets of the limited liability partnership.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

9.	OTHER FINANCIAL COMMITMENTS

The total future minimum payment under non-cancellable operating leases were £857,882 (2024: £965,384).

10.	RELATED PARTY DISCLOSURES

The LLP rents premises whose owners include the member J P Bradshaw and the former members D N Drake and A P Fenton. The LLP paid rent of £47,000 (2024: £47,000) in respect of these premises for the year ended 31 March 2025.

At the balance sheet date, other creditors includes amounts of £6,032 (2024: £24,247) due to M Moula following his resignation from the firm on 31st March 2023.

11.	ULTIMATE CONTROLLING PARTY

In the opinion of the members there is no ultimate controlling party.