Company No: OC304717 (England and Wales)

Contents

• Limited Liability Partnership Information
• Accountants' Report
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	S P Coles
	C Norris

Registered office	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Registered number

OC304717 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of The Woodley Coles LLP for the financial year ended 31 March 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 9 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 at www.icaew.com/regulation.

It is your duty to ensure that The Woodley Coles 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 profit of The Woodley Coles LLP. You consider that The Woodley Coles LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of The Woodley Coles 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.

This report is made solely to the members of The Woodley Coles LLP, as a body, in accordance with the terms of our engagement letter dated 05 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Woodley Coles LLP and state those matters that we have agreed to state to members of The Woodley Coles LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Woodley Coles LLP and its members as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

02 October 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	44,966		58,644
		44,966		58,644
Current assets
Debtors	4	408,308		550,806
Cash at bank and in hand		409,271		226,019
		817,579		776,825
Creditors: amounts falling due within one year	5	( 295,478)		( 305,612)
Net current assets		522,101		471,213
Total assets less current liabilities		567,067		529,857
Creditors: amounts falling due after more than one year	68	( 26,520)		( 30,421)
Net assets attributable to members		540,547		499,436
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		540,547		499,436
		540,547		499,436
Members' other interests
		0		0
		540,547		499,436
Total members' interests
Loans and other debts due to members		540,547		499,436
		540,547		499,436

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of The Woodley Coles LLP (registered number: OC304717) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

S P Coles Designated member

	EQUITY Members' other interests	DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Other reserves	Members' capital (classified as debt)	Total
	£	£	£
Amounts due to members		418,382
Balance at 01 April 2023	0	418,382	418,382
Profit for the financial year available for discretionary division among members	646,928	0	646,928
Members' interest after profit for the financial year	646,928	418,382	1,065,310
Repayment of capital	0	1,624	1,624
Division of profit	(646,928)	646,928	0
Drawings	0	(567,498)	(567,498)
Amounts due to members		499,436
Balance at 31 March 2024	0	499,436	499,436
Profit for the financial year available for discretionary division among members	662,352	0	662,352
Members' interest after profit for the financial year	662,352	499,436	1,161,788
Repayment of capital	0	1,125	1,125
Division of profit	(662,352)	662,352	0
Drawings	0	(622,366)	(622,366)
Amounts due to members		540,547
Balance at 31 March 2025	0	540,547	540,547

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Woodley Coles LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Plant and machinery	4 years straight line
Vehicles	4 years straight line
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Leases

The LLP as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted
salary cost of the future holiday entitlement so accrued at the balance sheet date.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	17		18

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	12,662		69,370		95,825		163		178,020
Additions	0		12,262		0		0		12,262
At 31 March 2025	12,662		81,632		95,825		163		190,282
Accumulated depreciation
At 01 April 2024	12,662		45,055		61,598		61		119,376
Charge for the financial year	0		13,267		12,632		41		25,940
At 31 March 2025	12,662		58,322		74,230		102		145,316
Net book value
At 31 March 2025	0		23,310		21,595		61		44,966
At 31 March 2024	0		24,315		34,227		102		58,644

The Net Book Value of assets held under HP for the year was £15,133 (2024: £27,765)

4. Debtors

	2025		2024
	£		£
Trade debtors	351,660		496,943
Prepayments	55,472		52,687
Other debtors	1,176		1,176
	408,308		550,806

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	13,573		17,107
Accruals	27,711		28,416
Other taxation and social security	102,860		108,771
Obligations under finance leases and hire purchase contracts	3,653		3,137
Other creditors	147,681		148,181
	295,478		305,612

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	26,520		30,421

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	54,102		54,102
between one and five years	77,322		134,489
	131,424		188,591

8. Loans and other debts due to members

	2025		2024
	£		£
Other amounts due to members	533,741		499,436

9. Ultimate controlling party

The LLP is under control of its designated members.