REGISTERED NUMBER: OC365025 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st January 2025

for

Eccles Heddon LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D A Shackleton

N J White

O Riley

REGISTERED OFFICE:

5 Westgate

Ripon

North Yorkshire

HG4 2AT

REGISTERED NUMBER:

OC365025 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

CURRENT ASSETS

Debtors

3

617,644

978,459

Cash at bank

-

128,817

617,644

1,107,276

CREDITORS

Amounts falling due within one year

4

-

128,817

NET CURRENT ASSETS

617,644

978,459

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

617,644

978,459

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

617,644

978,459

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

617,644

978,459

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 31st January 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 31st October 2025 and were signed by:

D A Shackleton - Designated member

1.	ACCOUNTING POLICIES

General information and basis of preparing the financial statements

Eccles Heddon LLP is a Limited Liability Partnership incorporated in England within the United Kingdom. The address of the registered office is given in the LLP information on General Information page of these financial statements.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting for Limited Liability Partnerships.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cessation of trade and going concern basis

The LLP transferred its business to Eccles Heddon Solicitors Ltd at the close of business on 31st January 2024. The business was transferred as a going concern and the LLP ceased to trade at this date. The members plan to wind up the LLP. The accounts have not been prepared using a going concern basis.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for recognition of turnover are as follows:

Rendering of services

Turnover represents fee income due from the normal activities of the LLP. Revenue is recognised when the value of the fee income can be measured reliably and it is probable that the economic benefits from the services provided will be received by the LLP. At the end of each accounting period an assessment is made of the value of revenue that it is appropriate to recognise for services that have been provided but that have not be invoiced at the balance sheet date. This assessment is made by taking into account the stage of completion of the service being provided, the value of the time incurred in providing the services at the balance sheet date, whether it is probable that an invoice will be raised for these services and the reliability with which the value of the invoice can be measured. The value of revenue recognised that has not been invoiced at the balance sheet date is disclosed on the balance sheet as Uninvoiced Debtors.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property

- 10% straight line

- straight line over 7 years

Fixtures, fittings and equipment

- 25% straight line

- 20% straight line

- 50% straight line

Provisions

Provisions are recognised when the LLP has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Tax that is paid on member's remuneration is a personal liability of the members and does not appear in the profit and loss account.

2.	EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the year was NIL (2024 - 45 ).

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

617,644

978,459

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Social security and other taxes

-

128,817

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.1.25

31.1.24

£

£

Amounts owed to members in respect of profits

205,918

566,733

Capital account

411,726

411,726

617,644

978,459

Falling due within one year

617,644

978,459

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

There is no protection afforded to creditors.