REGISTERED NUMBER: OC353339 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RON MUECK (ART) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

H R Mueck

C Willing

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

OC353339 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

34,805

66,186

CURRENT ASSETS

Debtors

5

416,373

4,112

Cash at bank

1,924,679

1,925,963

2,341,052

1,930,075

CREDITORS

Amounts falling due within one year

6

(78,183

)

(9,177

)

NET CURRENT ASSETS

2,262,869

1,920,898

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,297,674

1,987,084

MEMBERS' OTHER INTERESTS

7

580,211

497,936

MEMBERS' LOANS AND OTHER DEBTS

Amounts due in respect of

profits

8

1,717,463

1,489,148

2,297,674

1,987,084

TOTAL MEMBERS' INTERESTS

Members' other interests

7

580,211

497,936

Members' Loans and other debts

1,717,463

1,489,148

2,297,674

1,987,084

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 24 September 2025 and were signed by:

H R Mueck - Designated member

1.	STATUTORY INFORMATION

Ron Mueck (Art) LLP is a limited liability partnership incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

The limited liability partnership's principal activities are disclosed in the Members' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in July 2014, together with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to limited liability partnerships subject to the small limited liability partnerships' regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable on the sale of sculptures and artwork, net of VAT.

Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold

Amortised over 12 years

Fixtures, fittings & equipment

3 years straight line

Computer equipment

3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and

intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stock/wip

Any stock or work in progress is held at the lower of cost and net realisable value. The cost of any completed or in progress piece is the cost of the materials used which is minimal and often negligible at any given time. Consequently no stock or work in progress is recognised in the accounts.

Members' participating interests

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. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to

members' and, where such an amount relates to current year profits, they are recognised within 'Members'

remuneration charged as an expense in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

442,038

35,809

5,791

483,638

Additions

-

17,576

-

17,576

At 31 March 2025

442,038

53,385

5,791

501,214

DEPRECIATION

At 1 April 2024

396,248

18,458

2,746

417,452

Charge for year

36,837

10,189

1,931

48,957

At 31 March 2025

433,085

28,647

4,677

466,409

NET BOOK VALUE

At 31 March 2025

8,953

24,738

1,114

34,805

At 31 March 2024

45,790

17,351

3,045

66,186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

414,407

-

Other debtors

1,643

1,643

VAT

-

2,251

Prepayments and accrued income

323

218

416,373

4,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,242

348

VAT

68,780

-

Accruals and deferred income

8,161

8,829

78,183

9,177

7.	MEMBERS' OTHER INTERESTS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

580,211

497,936

Falling due within one year

580,211

497,936

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

There are no restrictions with regards to the ability of members to reduce the amount of 'Members' other interests'.

8.

RESERVES

Amounts

due in

respect

of

profits

£

At 1 April 2024

1,489,148

Drawings

(269,622

)

Other divisions of profit

497,937

At 31 March 2025

1,717,463