Nicholas Jacob Architects LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC416031

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,505		7,634

			6,505		7,634
CURRENT ASSETS
Stocks	5	69,031		65,870
Debtors	6	62,478		67,235
Cash at bank and in hand		48		48

		131,557		133,153
Creditors: Amounts Falling Due Within One Year	7	(99,194 )		(93,995 )

NET CURRENT ASSETS (LIABILITIES)			32,363		39,158

TOTAL ASSETS LESS CURRENT LIABILITIES			38,868		46,792

Creditors: Amounts Falling Due After More Than One Year	8		(3,084 )		(13,270 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			35,784		33,522

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		35,784		33,522

			35,784		33,522

			35,784		33,522

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			35,784		33,522

			35,784		33,522

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Nicholas Jacob Architects 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

Mr Shaun Soanes Designated Member	Mr Nicholas Jacob Designated Member
15/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Nicholas Jacob Architects LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416031 . The Registered Office is The Christies, 5 Wherry Quay, Ipswich, Suffolk, IP4 1AS.

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:

Plant & Machinery	15% Reducing Balance
Computer Equipment	33% 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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 8 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	12,664	37,186	49,850
Additions	1,030	-	1,030

As at 31 March 2025	13,694	37,186	50,880

...CONTINUED

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Nicholas Jacob Architects LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	6,916	35,300	42,216
Provided during the period	1,018	1,141	2,159

As at 31 March 2025	7,934	36,441	44,375

Net Book Value
As at 31 March 2025	5,760	745	6,505

As at 1 April 2024	5,748	1,886	7,634

5. Stocks

	2025	2024
	£	£
Work in progress	69,031	65,870

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	40,441	47,944
Prepayments and accrued income	21,984	19,291
Other debtors	53	-

	62,478	67,235

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,993	11,671
Bank loans and overdrafts	58,134	44,795
Other taxes and social security	5,078	5,274
VAT	24,806	27,976
Other creditors	821	1,216
Accruals and deferred income	2,362	3,063

	99,194	93,995

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,084	13,270

9. Secured Creditors

Of the creditors the following amounts are secured by a guarantee from the partners.

	2025		2024
	£		£
Bank loans and overdrafts	48,134		34,795

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