Valentine Hollingworth LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC444232

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,898		3,393

			2,898		3,393
CURRENT ASSETS
Debtors	5	103,203		132,897
Cash at bank and in hand		52,526		86,831

		155,729		219,728
Creditors: Amounts Falling Due Within One Year	6	(29,918 )		(45,698 )

NET CURRENT ASSETS (LIABILITIES)			125,811		174,030

TOTAL ASSETS LESS CURRENT LIABILITIES			128,709		177,423

NET ASSETS ATTRIBUTABLE TO MEMBERS			128,709		177,423

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		378,526		-

			378,526		-

Equity
Members' interests
Reserves		(249,817)		177,423

			(249,817)		177,423

			128,709		177,423

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			378,526		-
Members' interests			(249,817)		177,423

			128,709		177,423

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Valentine Hollingworth LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Ms S M Hollingworth Designated Member	Mrs A V Valentine Designated Member
5 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Valentine Hollingworth LLP is a limited liability partnership, incorporated in England & Wales, registered number OC444232 . The Registered Office is C/O Revel Accountants Ltd, Mill House, Liphook Road, Haslemere, Surrey, GU27 3QE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line over 5 years
Computer Equipment	Straight line over 3 years

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Average Number of Employees

The average number of employees, including members, during the year was as follows: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	3,582	1,000	4,582
Additions	-	832	832

As at 31 March 2025	3,582	1,832	5,414

Depreciation
As at 1 April 2024	717	472	1,189
Provided during the period	716	611	1,327

As at 31 March 2025	1,433	1,083	2,516

Net Book Value
As at 31 March 2025	2,149	749	2,898

As at 1 April 2024	2,865	528	3,393

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Valentine Hollingworth LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,277	82,407
Other debtors	64,926	50,490

	103,203	132,897

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,100	2,100
Taxation and social security	27,818	43,598

	29,918	45,698

7. Audit Information

The auditor's report on the accounts of Valentine Hollingworth LLP for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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