Richard Utting Associates LLP

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

Registered number: OC368281

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		63,123		67,674

			63,123		67,674
CURRENT ASSETS
Debtors	5	629,540		676,244
Cash at bank and in hand		759,824		614,674

		1,389,364		1,290,918
Creditors: Amounts Falling Due Within One Year	6	(1,146,693 )		(1,087,926 )

NET CURRENT ASSETS (LIABILITIES)			242,671		202,992

TOTAL ASSETS LESS CURRENT LIABILITIES			305,794		270,666

NET ASSETS ATTRIBUTABLE TO MEMBERS			305,794		270,666

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		53,124		53,124
Other amounts		252,670		217,542

			305,794		270,666

			305,794		270,666

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			305,794		270,666

			305,794		270,666

Page 1

Page 2

Richard Utting Associates 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 Richard Utting

Designated Member

23/09/2025

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

1. General Information

Richard Utting Associates LLP is a limited liability partnership, incorporated in England & Wales, registered number OC368281 . The Registered Office is Union Suite, 51-59 Rose Lane, Norwich, Norfolk, NR1 1BY.

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:

Leasehold	- 20% reducing balance
Motor Vehicles	- 25% reducing balance
Fixtures & Fittings	- 15% reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 25 (2024: 30)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	12,200	25,500	157,197	194,897
Additions	-	-	545	545

As at 31 March 2025	12,200	25,500	157,742	195,442

Depreciation
As at 1 April 2024	10,200	21,892	95,131	127,223
Provided during the period	150	271	4,675	5,096

As at 31 March 2025	10,350	22,163	99,806	132,319

...CONTINUED

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Richard Utting Associates LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,850	3,337	57,936	63,123

As at 1 April 2024	2,000	3,608	62,066	67,674

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	585,443	620,857
Other debtors	44,097	55,387

	629,540	676,244

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to participating interests	982,349	902,736
Other creditors	5,283	9,169
Taxation and social security	159,061	176,021

	1,146,693	1,087,926

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