CJK & RA Yates LLP Accounts






CJK & RA Yates LLP

	Registered No. OC376091
	Information for Filing with the Registrar
		31 March 2025

at	31 March 2025

Registered No.			OC376091	Notes	2025	2024
					£	£
Fixed assets

	Tangible assets			5	407,329	413,237


					407,329	413,237
Current assets
	Stocks			6	-	3,300
	Debtors			7	13,958	13,618

	Cash at bank and in hand				1,271	878
					15,229	17,796
Creditors: Amounts falling due within one year				8	(35,127)	(42,698)
Net current liabilities					(19,898)	(24,902)
Total assets less current liabilities					387,431	388,335
Creditors: Amounts falling due after more than one year				9	(18,258)	(30,633)

Net assets attributable to members					369,173	357,702

Represented by:

	Members' other interests
		Members' capital			383,703	383,703

		Other reserves			(14,530)	(26,001)
					369,173	357,702

					369,173	357,702



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the period ended 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) relating to small 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 25 September 2025 and signed on its behalf by:
C.J.K. Yates
Designated member
25 September 2025

for the period ended 31 March 2025

General information

CJK & RA Yates LLP is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC376091

Its registered office is:

The Long Barn

Church Close

Todber

Dorset

DT10 1JH

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Members' remuneration and division of profits

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the 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. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the 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.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

3	Information in relation to members
		2025	2024
		Number	Number
	The average number of members during the period :	2	2

4	Employees
		2025	2024
		Number	Number

	The average number of persons employed during the period was:	0	0

5	Tangible fixed assets
		Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
		£	£	£	£	£
	Cost
	At 1 July 2024	404,567	112,854	29,900	5,707	553,028



	Disposals	-	(112,854)	-	-	(112,854)
	At 31 March 2025	404,567	-	29,900	5,707	440,174
	Depreciation
	At 1 July 2024	-	107,583	26,727	5,481	139,791
	Charge for the year	-	-	595	42	637


	Disposals	-	(107,583)	-	-	(107,583)
	At 31 March 2025	-	-	27,322	5,523	32,845
	Net book values
	At 31 March 2025	404,567	-	2,578	184	407,329
	At 30 June 2024	404,567	5,271	3,173	226	413,237

6	Stocks
		2025	2024
		£	£


	Finished goods	-	3,300
		-	3,300

7	Debtors
		2025	2024
		£	£
	Trade debtors	2,197	4,297


	VAT recoverable	957	731
	Other debtors	8,590	8,590
	Prepayments and accrued income	2,214	-
		13,958	13,618

8	Creditors:
	amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	25,330	33,081

	Obligations under finance lease and hire purchase contracts	-	1,481
	Trade creditors	3,137	431


	Other creditors	5,749	5,749
	Accruals and deferred income	911	1,956
		35,127	42,698

9	Creditors:
	amounts falling due after more than one year
		2025	2024
		£	£
	Bank loans and overdrafts	18,258	26,492

	Obligations under finance lease and hire purchase contracts	-	4,141




		18,258	30,633