REGISTERED NUMBER: OC353893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

FRASER DAWBARNS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I R Grimes

S Lamb

J J Ball

N C John

H M Jarvis

REGISTERED OFFICE:

21 Tuesday Market Place

King’s Lynn

Norfolk

PE30 1JW

REGISTERED NUMBER:

OC353893 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

344,350

393,466

344,350

393,466

CURRENT ASSETS

Stocks

15,000

12,000

Debtors

6

3,482,784

3,364,509

Cash at bank and in hand

934,239

807,517

4,432,023

4,184,026

CREDITORS

Amounts falling due within one year

7

1,438,030

1,232,686

NET CURRENT ASSETS

2,993,993

2,951,340

TOTAL ASSETS LESS CURRENT LIABILITIES

3,338,343

3,344,806

CREDITORS

Amounts falling due after more than one year

8

65,321

237,011

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,273,022

3,107,795

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

3,273,022

3,107,795

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

3,273,022

3,107,795

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 30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19 September 2025 and were signed by:

I R Grimes - Designated member

1.	STATUTORY INFORMATION

Fraser Dawbarns LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

The members believe that the LLP 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. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Goodwill

Goodwill represents the amount paid in connection with the acquisition of a business in 2018.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

Straight line over 20 years

Plant and machinery

-

33% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Amounts recoverable on contracts

Amounts recoverable on contracts represents work done at the year end where a continuing right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

The LLP operates defined contribution pension schemes. Contributions payable to the LLP's pension schemes are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 115 (2024 - 112 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

5,000

AMORTISATION

At 1 May 2024

and 30 April 2025

5,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

Totals

£

£

£

£

COST

At 1 May 2024

446,015

501,730

113,564

1,061,309

Additions

24,135

18,112

11,015

53,262

Disposals

-

(197,361

)

(46,735

)

(244,096

)

At 30 April 2025

470,150

322,481

77,844

870,475

DEPRECIATION

At 1 May 2024

240,059

333,798

93,986

667,843

Charge for year

37,599

50,292

6,542

94,433

Eliminated on disposal

-

(190,568

)

(45,583

)

(236,151

)

At 30 April 2025

277,658

193,522

54,945

526,125

NET BOOK VALUE

At 30 April 2025

192,492

128,959

22,899

344,350

At 30 April 2024

205,956

167,932

19,578

393,466

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

£

COST

At 1 May 2024

and 30 April 2025

178,130

DEPRECIATION

At 1 May 2024

70,099

Charge for year

33,693

At 30 April 2025

103,792

NET BOOK VALUE

At 30 April 2025

74,338

At 30 April 2024

108,031

6.

DEBTORS

30.4.25

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

1,109,982

1,035,787

Amounts recoverable on

contracts

2,098,270

2,098,443

Other debtors

269,532

225,279

3,477,784

3,359,509

Amounts falling due after more than one year:

Other debtors

5,000

5,000

Aggregate amounts

3,482,784

3,364,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

166,474

109,091

Finance leases (see note 9)

34,866

32,020

Trade creditors

74,155

111,045

Taxation and social security

351,174

302,852

Other creditors

811,361

677,678

1,438,030

1,232,686

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

-

109,091

Finance leases (see note 9)

65,321

99,995

Other creditors

-

27,925

65,321

237,011

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

34,866

32,020

Between one and five years

65,321

99,995

100,187

132,015

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

214,756

222,429

Between one and five years

217,660

415,272

432,416

637,701

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

166,474

218,182

Finance leases

100,187

132,015

266,661

350,197

The bank loans are secured by a debenture over the book debts of the LLP. The finance leases are secured on the assets to which they relate.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, loans and other debts due to members and members' other interests rank subordinate to other unsecured creditors.