Chapel Street Boutique LLP

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

Registered number: OC412506

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,150		1,436

			1,150		1,436
CURRENT ASSETS
Stocks	5	51,800		40,380
Cash at bank and in hand		1,626		4,949

		53,426		45,329
Creditors: Amounts Falling Due Within One Year	7	(1,506 )		(1,190 )

NET CURRENT ASSETS (LIABILITIES)			51,920		44,139

TOTAL ASSETS LESS CURRENT LIABILITIES			53,070		45,575

NET ASSETS ATTRIBUTABLE TO MEMBERS			53,070		45,575

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		120,528		82,713

			120,528		82,713

Equity
Members' other interests
Members' capital		(171,257)		(140,937)
Other reserves		103,799		103,799

			(67,458)		(37,138)

			53,070		45,575

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			120,528		82,713
Members' other interests			(67,458)		(37,138)

			53,070		45,575

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Chapel Street Boutique LLP

Balance Sheet (continued)

As At 5 April 2025

For the year ending 5 April 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 Nigel Thomas Bawden

Designated Member

11th November 2025

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

1. General Information

Chapel Street Boutique LLP is a limited liability partnership, incorporated in England & Wales, registered number OC412506 . The Registered Office is Top Barn, Station Road, Carnhell Green, Camborne, TR14 0LY.

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	15% reducing balance
Computer Equipment	25%reducing balance

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: 1 (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 6 April 2024	2,446	2,758	5,204

As at 5 April 2025	2,446	2,758	5,204

...CONTINUED

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Chapel Street Boutique LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

Depreciation
As at 6 April 2024	1,708	2,060	3,768
Provided during the period	111	175	286

As at 5 April 2025	1,819	2,235	4,054

Net Book Value
As at 5 April 2025	627	523	1,150

As at 6 April 2024	738	698	1,436

5. Stocks

	2025	2024
	£	£
Finished goods	51,800	40,380

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	1,506	1,190

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