V B Evans LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NC000529

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	5	330,935		323,047
Debtors	6	117,541		95,125
Cash at bank and in hand		376		446

		448,852		418,618
Creditors: Amounts Falling Due Within One Year	7	(249,125 )		(211,607 )

NET CURRENT ASSETS (LIABILITIES)			199,727		207,011

TOTAL ASSETS LESS CURRENT LIABILITIES			199,727		207,011

NET ASSETS ATTRIBUTABLE TO MEMBERS			199,727		207,011

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		109,759		20,194
Other amounts		89,968		186,817

			199,727		207,011

			199,727		207,011

TOTAL MEMBERS' INTEREST
Amounts due from members			(24,947)		-
Loans and other debts due to members			199,727		207,011

			174,780		207,011

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V B Evans LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs Lorna Auld Designated Member	Mr Lewis Porter Designated Member
29/05/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

V B Evans LLP is a limited liability partnership, incorporated in Northern Ireland, registered number NC000529 . The Registered Office is 3 Pilot's View, 18 Heron Road, Belfast, BT3 9LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight Line
Fixtures & Fittings	25% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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V B Evans LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 13 (2024: 13)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	36,682	238,608	275,290

As at 31 March 2025	36,682	238,608	275,290

Depreciation
As at 1 April 2024	36,682	238,608	275,290

As at 31 March 2025	36,682	238,608	275,290

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	-	-

5. Stocks

	2025	2024
	£	£
Stock - Stationary & Brochures	3,000	3,000
Work in progress	327,935	320,047

	330,935	323,047

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	78,024	82,293
Other debtors	39,517	12,832

	117,541	95,125

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V B Evans LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	20,743	42,574
Bank loans and overdrafts	29,546	45,909
Amounts owed to participating interests	-	6,200
Other creditors	137,850	67,949
Taxation and social security	60,986	48,975

	249,125	211,607

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	14,000	11,232
Later than one year and not later than five years	-	20,556

	14,000	31,788

9. Related Party Transactions

There were no related payrty transactions during the year, other than drawings made by the members.

10. Ultimate Controlling Party

The LLP is controlled by its members and as such there is no one controlling party.

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