Jones Lambell Ellis Studio LLP

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

Registered number: OC359520

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,255		3,129

			1,255		3,129
CURRENT ASSETS
Stocks	5	22,920		22,368
Debtors	6	146,079		226,809
Investments	7	75,000		75,000
Cash at bank and in hand		18,014		2,873

		262,013		327,050
Creditors: Amounts Falling Due Within One Year	8	(240,054 )		(253,762 )

NET CURRENT ASSETS (LIABILITIES)			21,959		73,288

TOTAL ASSETS LESS CURRENT LIABILITIES			23,214		76,417

Creditors: Amounts Falling Due After More Than One Year	9		(3,610 )		(38,054 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			19,604		38,363

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		10,257		8,393

			10,257		8,393

Equity
Members' other interests
Members' capital		9,347		(2,648)
Other reserves		-		32,618

			9,347		29,970

			19,604		38,363

TOTAL MEMBERS' INTEREST
Amounts due from members			-		(32,618)
Loans and other debts due to members within one year			10,257		8,393
Members' other interests			9,347		29,970

			19,604		5,745

Page 1

Page 2

Jones Lambell Ellis Studio 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

Mr G M Ellis

Designated Member

25 September 2025

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

1. General Information

Jones Lambell Ellis Studio LLP is a limited liability partnership, incorporated in England & Wales, registered number OC359520 . The Registered Office is Unit 2, 1 Eastfield Avenue, Riverside Quarter, London, SW18 1FQ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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	25% Straight Line
Motor Vehicles	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 6 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	54,820	10,999	5,574	71,393

As at 31 March 2025	54,820	10,999	5,574	71,393

...CONTINUED

Page 3

Page 4

Jones Lambell Ellis Studio LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	54,340	10,999	2,925	68,264
Provided during the period	480	-	1,394	1,874

As at 31 March 2025	54,820	10,999	4,319	70,138

Net Book Value
As at 31 March 2025	-	-	1,255	1,255

As at 1 April 2024	480	-	2,649	3,129

5. Stocks

	2025	2024
	£	£
Work in progress	22,920	22,368

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	55,339	90,263
Prepayments and accrued income	14,432	14,810
Deposits	5,000	5,000
Staff loans	-	55
OTC	900	900
Amounts owed by group undertakings	70,408	83,163
Amounts due from members	-	32,618

	146,079	226,809

7. Current Asset Investments

	2025	2024
	£	£
Listed investments	75,000	75,000

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	171,812	198,801
Bank loans and overdrafts	34,445	34,445
Other taxes and social security	9,661	8,039
VAT	22,305	10,112
Other creditors (2)	1,141	1,643
Accruals and deferred income	690	722

	240,054	253,762

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,610	38,054

Page 4