IRIS Accounts Production v25.2.0.378 OC345710 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC345710 2024-03-31 OC345710 2025-03-31 OC345710 2024-04-01 2025-03-31 OC345710 2023-06-30 OC345710 2023-07-01 2024-03-31 OC345710 2024-03-31 OC345710 ns15:EnglandWales 2024-04-01 2025-03-31 OC345710 ns14:PoundSterling 2024-04-01 2025-03-31 OC345710 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC345710 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC345710 ns10:SmallEntities 2024-04-01 2025-03-31 OC345710 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC345710 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC345710 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC345710 ns10:FullAccounts 2024-04-01 2025-03-31 OC345710 1 2024-04-01 2025-03-31 OC345710 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC345710 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC345710 ns10:PartnerLLP4 2024-04-01 2025-03-31 OC345710 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC345710 ns5:CurrentFinancialInstruments 2025-03-31 OC345710 ns5:CurrentFinancialInstruments 2024-03-31 OC345710 ns5:Non-currentFinancialInstruments 2025-03-31 OC345710 ns5:Non-currentFinancialInstruments 2024-03-31 OC345710 ns5:NetGoodwill 2024-04-01 2025-03-31 OC345710 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 OC345710 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 OC345710 ns5:FurnitureFittings 2024-04-01 2025-03-31 OC345710 ns5:NetGoodwill 2024-03-31 OC345710 ns5:NetGoodwill 2025-03-31 OC345710 ns5:NetGoodwill 2024-03-31 OC345710 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 OC345710 ns5:FurnitureFittings 2024-03-31 OC345710 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 OC345710 ns5:FurnitureFittings 2025-03-31 OC345710 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 OC345710 ns5:FurnitureFittings 2024-03-31 OC345710 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC345710 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 OC345710 ns5:CurrentFinancialInstruments 2024-04-01 2025-03-31 OC345710 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 OC345710 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 OC345710 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 OC345710 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 OC345710 ns5:WithinOneYear 2025-03-31 OC345710 ns5:WithinOneYear 2024-03-31 OC345710 ns5:BetweenOneFiveYears 2025-03-31 OC345710 ns5:BetweenOneFiveYears 2024-03-31 OC345710 ns5:MoreThanFiveYears 2025-03-31 OC345710 ns5:MoreThanFiveYears 2024-03-31 OC345710 ns5:AllPeriods 2025-03-31 OC345710 ns5:AllPeriods 2024-03-31 OC345710 ns5:Secured 2025-03-31 OC345710 ns5:Secured 2024-03-31

REGISTERED NUMBER: OC345710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RANDALL & PAYNE LLP

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

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 |

RANDALL & PAYNE LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | T J Watkins

| W J Abbott

| R I Case

| O A Newbold

| REGISTERED OFFICE: | Chargrove House

| Shurdington Road

| Shurdington

| Cheltenham

| Glos

| GL51 4GA

| REGISTERED NUMBER: | OC345710 (England and Wales)

| ACCOUNTANTS: | Randall & Payne LLP

| Chartered Accountants

| Chargrove House

| Shurdington Road

| Cheltenham

| Gloucestershire

| GL51 4GA

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 593,559 |  | 748,846 |  |

Tangible assets | 5 | 35,586 |  | 39,855 |  |

629,145 |  | 788,701 |  |

CURRENT ASSETS

Debtors | 6 | 1,309,331 |  | 1,446,114 |  |

CREDITORS

Amounts falling due within one year | 7 | 802,933 |  | 1,243,721 |  |

NET CURRENT ASSETS | 506,398 |  | 202,393 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,135,543 |  | 991,094 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 232,754 |  | 108,045 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 902,789 |  | 883,049 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 11 | 822,789 |  | 803,049 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 80,000 |  | 80,000 |  |

902,789 |  | 883,049 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 11 | 822,789 |  | 803,049 |  |

Members' other interests | 80,000 |  | 80,000 |  |

Amounts due from members | 6 | (732,664 | ) | (697,746 | ) |

170,125 |  | 185,303 |  |

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.

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

BALANCE SHEET - continued

31 MARCH 2025

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 24 June 2025 and were signed by:

T J Watkins - Designated member

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Randall & Payne 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 comprises revenue recognised by the LLP in respect of goods and services supplied, exclusive of Value Added Tax. Work in progress is valued at selling price and is included as turnover and accrued income.

| Goodwill

| Goodwill represents amounts paid in connection with past acquisitions and is being written off evenly over its estimated useful life of 5 or 10 years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 10% 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.

| Going concern

| The members have considered the risks and issues concerning the LLP and it's activities and no material uncertainties that may cast significant doubt about the LLPs ability to continue as a going concern have been identified by the members.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024 | 1,912,454 |  |

| Additions | 925 |  |

| At 31 March 2025 | 1,913,379 |  |

| AMORTISATION

| At 1 April 2024 | 1,163,608 |  |

| Charge for year | 156,212 |  |

| At 31 March 2025 | 1,319,820 |  |

| NET BOOK VALUE

| At 31 March 2025 | 593,559 |  |

| At 31 March 2024 | 748,846 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | and |

| leasehold |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 195,441 |  | 117,171 |  | 312,612 |  |

| DEPRECIATION

| At 1 April 2024 | 184,582 |  | 88,175 |  | 272,757 |  |

| Charge for year | 1,369 |  | 2,900 |  | 4,269 |  |

| At 31 March 2025 | 185,951 |  | 91,075 |  | 277,026 |  |

| NET BOOK VALUE

| At 31 March 2025 | 9,490 |  | 26,096 |  | 35,586 |  |

| At 31 March 2024 | 10,859 |  | 28,996 |  | 39,855 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 375,033 |  | 369,812 |  |

| Amounts due from members | 732,664 |  | 697,746 |  |

| Other debtors | 18,063 |  | 5,770 |  |

| Prepayments and accrued income | 183,571 |  | 372,786 |  |

1,309,331 |  | 1,446,114 |  |

| 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.

RANDALL & PAYNE LLP (REGISTERED NUMBER: OC345710)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 162,803 |  | 249,019 |  |

| Trade creditors | 401,411 |  | 584,650 |  |

| VAT | 200,525 |  | 208,145 |  |

| Other creditors | 29,872 |  | 198,805 |  |

| Accrued expenses | 8,322 |  | 3,102 |  |

802,933 |  | 1,243,721 |  |

| Short term creditors are measured at 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.

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans repayable between

| one and two years | 124,293 |  | 93,742 |  |

| Bank loans repayable between

| two and five years | 108,461 |  | - |  |

| Other creditors | - |  | 14,303 |  |

232,754 |  | 108,045 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 192,692 |  | 144,882 |  |

| Between one and five years | 729,909 |  | 718,968 |  |

| In more than five years | 469,333 |  | 645,333 |  |

1,391,934 |  | 1,509,183 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 66,017 |  | 128,687 |  |

| Bank loans | 329,540 |  | 214,074 |  |

395,557 |  | 342,761 |  |

| The bank overdraft and bank loans are secured by means of a fixed and floating charge over the assets of the LLP.

11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| In the event of the LLP winding up, creditors interests will be met first and interests of the members will be met last.