Robert Whowell & Partners LLP

(Registration number: OC446306)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements of Robert Whowell & Partners LLP (registered number OC446306) were approved by the Board and authorised for issue on 17 September 2025. They were signed on behalf of the limited liability partnership by:

......................................... DC Potter Limited Designated member

......................................... JR Whowell Limited Designated member

......................................... Johnson B Limited Designated member

.........................................
G Cook Limited
Designated member

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Robert Whowell & Partners LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 17 September 2025 was Robert Stafford BA (Hons) FCA, who signed for and on behalf of SCCA Ltd T/A Stafford & Co.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

Taxation

The taxation payable on the partnership's profits is the personal liability of the members Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

Tangible fixed assets

Tangible fixed assets are measured at cost or valuation, net of any depreciation and any impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10% straight line
Fixtures, fittings and equipment	10% and 20% straight line
Motor vehicles	20% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for irrecoverable work in progress. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 28 (2023 - 27).

3	Tangible fixed assets

	Leasehold improvements £	Fixtures, fittings and equipment £	Motor vehicles £	Total £
Cost
At 1 January 2024	56,447	12,147	13,410	82,004
Additions	-	21,683	-	21,683
At 31 December 2024	56,447	33,830	13,410	103,687
Depreciation
At 1 January 2024	2,486	1,140	1,341	4,967
Charge for the year	5,645	4,083	2,682	12,410
At 31 December 2024	8,131	5,223	4,023	17,377
Net book value
At 31 December 2024	48,316	28,607	9,387	86,310
At 31 December 2023	53,961	11,007	12,069	77,037

Robert Whowell & Partners LLP

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Stocks

	31 December 2024  £	31 December 2023  £
Work in progress	153,373	127,510

5

Debtors

	31 December 2024  £	31 December 2023  £
Trade debtors	616,231	681,934
Other debtors	-	19,143
Prepayments and accrued income	45,112	36,625
Total current trade and other debtors	661,343	737,702

6	Creditors: Amounts falling due within one year

	31 December 2024  £	31 December 2023  £
Trade creditors	19,284	9,735
Other creditors	4,027	5,476
Accruals and deferred income	410	1,879
Taxation and social security	160,456	170,715
	184,177	187,805

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.

The parent of the largest group in which results are consolidated is ETL Holdings (UK) Ltd.
Consolidated financial statements are available from:
1 Pavilion Square, Westhoughton, Bolton, BL5 3AJ

The ultimate parent is ETL Holdings (UK) Ltd.