Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Elgee Pinks LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

J E Elgee

N H Pinks

REGISTERED OFFICE:

1st Floor

78-80 High Street

Reigate

Surrey

RH2 9AP

REGISTERED NUMBER:

OC356174 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

3,429

5,958

CURRENT ASSETS

Debtors

5

173,527

164,821

Cash in hand

1,961

1,690

175,488

166,511

CREDITORS

Amounts falling due within one year

6

91,611

101,690

NET CURRENT ASSETS

83,877

64,821

TOTAL ASSETS LESS CURRENT LIABILITIES

87,306

70,779

CREDITORS

Amounts falling due after more than one year

7

5,848

15,935

NET ASSETS ATTRIBUTABLE TO MEMBERS

81,458

54,844

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

81,458

54,844

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

81,458

54,844

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.

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 8 September 2025 and were signed by:

N H Pinks - Designated member

1.	STATUTORY INFORMATION

Elgee Pinks LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

41,413

14,319

55,732

Additions

-

128

128

At 31 March 2025

41,413

14,447

55,860

DEPRECIATION

At 1 April 2024

37,473

12,301

49,774

Charge for year

985

1,672

2,657

At 31 March 2025

38,458

13,973

52,431

NET BOOK VALUE

At 31 March 2025

2,955

474

3,429

At 31 March 2024

3,940

2,018

5,958

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

60,788

35,886

Accrued Income

88,200

102,272

Prepayments and accrued income

24,539

26,663

173,527

164,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

51,456

67,071

Other loans (see note 8)

17,310

20,077

Trade creditors

1

-

Social security and other taxes

2,369

2,920

VAT

12,168

4,138

Accrued expenses

8,307

7,484

91,611

101,690

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

5,848

15,935

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

41,369

56,906

Bank loans - less than 1 yr

10,087

10,165

Loans

17,310

20,077

68,766

87,148

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,848

10,087

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

5,848

The company has a loan which is repayable over 12m and unsecured.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

41,369

56,906

The bank hold a debenture over the assets of the business. The members have given personal guarantees for the bank overdraft.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members, other than members' capital classified as debt, rank after amounts due to other creditors.

11.	ULTIMATE CONTROLLING PARTY

The LLP is under the control of J Elgee and N Pinks.