REGISTERED NUMBER: OC438287 (England and Wales)

Members' Report and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Aavagard LLP

Page

General Information

1

Members' Report

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

7

Notes to the Financial Statements

9

Designated members:

Ms H I Roos

Roos Law Ltd

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Registered number:

OC438287 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

Designated members

The designated members during the year under review were:

Ms H I Roos

Roos Law Ltd

Results for the year and allocation to members

The loss for the year before members' remuneration and profit shares was £291,700 (2024 - £325,334 profit).

Members' interests

On behalf of the members:

Ms H I Roos - Designated member

25 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Aavagard LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Aavagard LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aavagard LLP and state those matters that we have agreed to state to the members of Aavagard LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aavagard LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Aavagard LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aavagard LLP. You consider that Aavagard LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aavagard LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

25 September 2025

Turnover

215,049

841,081

Cost of sales

(10,245

)

(194,080

)

Gross profit

204,804

647,001

Administrative expenses

(495,286

)

(321,667

)

(290,482

)

325,334

Other operating income

274

-

Operating (loss)/profit

5

(290,208

)

325,334

Interest payable and similar expenses

(1,492

)

-

(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members

(291,700

)

325,334

Fixed assets

Intangible assets

6

10,320

13,200

Tangible assets

7

206,217

205,232

216,537

218,432

Current assets

Debtors

8

728,542

167,045

Cash at bank

3,562

215,190

732,104

382,235

Creditors

Amounts falling due within one year

9

(622,558

)

(245,322

)

Net current assets

109,546

136,913

Total assets less current liabilities

and

Net assets attributable to members

326,083

355,345

Loans and other debts due to members

10

326,083

355,345

Total members' interests

Loans and other debts due to members

10

326,083

355,345

Amounts due from members

8

(462,209

)

-

(136,126

)

355,345

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 September 2025 and were signed by:

Ms H I Roos - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

355,345

Amount due from members

-

Balance at 1 April 2024

-

355,345

355,345

Loss for the financial year available for discretionary division among members

(291,700

)

-

(291,700

)

Members' interests after loss for the year

(291,700

)

355,345

63,645

Other divisions of loss

291,700

(291,700

)

-

Introduced by members

-

42,145

42,145

Drawings on account and distributions of profit

-

(241,916

)

(241,916

)

Amount due to members

326,083

Amount due from members

(462,209

)

Balance at 31 March 2025

-

(136,126

)

(136,126

)

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

428,523

Amount due from members

-

Balance at 1 April 2023

-

428,523

428,523

Profit for the financial year available for discretionary division among members

325,334

-

325,334

Members' interests after profit for the year

325,334

428,523

753,857

Other divisions of profit

(325,334

)

325,334

-

Introduced by members

-

109,735

109,735

Drawings on account and distributions of profit

-

(508,247

)

(508,247

)

Amount due to members

355,345

Amount due from members

-

Balance at 31 March 2024

-

355,345

355,345

1.	Statutory information

Aavagard 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention or historic cost modified by revaluation of financial assets and financial liabilities held at fair value through profit and loss, except for the financial instruments that are measured at their fair values at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal accounting policies adopted are set out below. All accounting policies have been applied consistently, other than where new policies have been adopted.

Going Concern

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future and have therefore accordingly prepared these financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements in conformity with FRS 102 requires management to make

judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements

are continually reviewed and are based on experience and other factors, including expectations of future

events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic

lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See notes to the accounts for the carrying amount of tangible assets and the useful economic lives for each class of assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is stated net of discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover from a sale can be recognised:

Turnover from the provision of legal and other professional related services is recognised when the service has been completed according to the job requirement, whereby at this point, the turnover can be measured reliably, it is probable that economic benefits will flow to the entity and the costs in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

6% p.a. reducing balance

Computer equipment

-

20% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Cash and cash equivalents

Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short term high liquid investments with original maturities of three months or less.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits)

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

4.	Employee information

The average number of employees during the year was 1 (2024 - NIL ) .

5.	Operating (loss)/profit

The operating loss (2024 - operating profit) is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

1,081

466

Website development amortisation

2,880

1,200

6.	Intangible fixed assets

Website

development

£

Cost

At 1 April 2024

and 31 March 2025

14,400

Amortisation

At 1 April 2024

1,200

Amortisation for year

2,880

At 31 March 2025

4,080

Net book value

At 31 March 2025

10,320

At 31 March 2024

13,200

7.	Tangible fixed assets

Freehold

Computer

property

equipment

Totals

£

£

£

Cost

At 1 April 2024

200,952

4,845

205,797

Additions

-

2,066

2,066

At 31 March 2025

200,952

6,911

207,863

Depreciation

At 1 April 2024

-

565

565

Charge for year

-

1,081

1,081

At 31 March 2025

-

1,646

1,646

Net book value

At 31 March 2025

200,952

5,265

206,217

At 31 March 2024

200,952

4,280

205,232

8.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

57,831

154,794

Other debtors

670,711

12,251

728,542

167,045

9.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade creditors

864

29,388

Taxation and social security

50,610

5,471

Other creditors

571,084

210,463

622,558

245,322

10.

Loans and other debts due to members

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

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.

11.	Related party disclosures

No transactions were undertaken with the related parties such as are required to be disclosed under the Financial Reporting Standard 102, Section 1A.