Langley Walker LLP - Filleted accounts

Langley Walker LLP
Registered number:	OC395126
Balance Sheet
as at 30 March 2025
Notes		2025		2023
£			£
Fixed assets
Tangible assets	3	11,478		17,490
Current assets
Debtors	4	1,537		5,575
Cash at bank and in hand		3,648		15,998
		5,185		21,573

Creditors: amounts falling due within one year	5	(550)		(550)

Net current assets		4,635		21,023

Total assets less current liabilities		16,113		38,513



Net assets attributable to members		16,113		38,513

Represented by:

Members' other interests
Members' capital classified as equity		38,513		(22,300)
Other reserves		(22,400)		60,813
		16,113		38,513

		16,113		38,513

Total members' interests
Members' other interests		16,113		38,513

		16,113		38,513

For the period ended 30 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 14 September 2025 and signed on their behalf by:


N W Kaula
Designated member

Langley Walker LLP
Notes to the Accounts
for the period from 1 October 2023 to 30 March 2025

1	Accounting policies

	Basis of preparation
	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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% written down value
	Fixtures, fittings, tools and equipment	25% written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees		2025		2023
Number				Number

	Average number of persons employed by the LLP		1		1


3	Tangible fixed assets
					Motor vehicles
£
	Cost
	At 1 October 2023				17,490
	At 30 March 2025				17,490

	Depreciation
	Charge for the period				6,012
	At 30 March 2025				6,012

	Net book value
	At 30 March 2025				11,478
	At 30 September 2023				17,490


4	Debtors		2025		2023
£				£

	Trade debtors		1,537		5,575


5	Creditors: amounts falling due within one year		2025		2023
£				£

	Other creditors		550		550


6	Other information

	Langley Walker LLP is a limited liability partnership incorporated in England. Its registered office is:
	Lingwood
	Eglinton Road
	Farnham
	Surrey GU10 2DH