Mortimer Isaacs Consultancy LLP

REGISTERED NUMBER: OC321150 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

A Isaacs

Mrs D Isaacs

REGISTERED OFFICE:

The Old School

Exton Street

London

SE1 8UE

REGISTERED NUMBER:

OC321150 (England and Wales)

ACCOUNTANTS:

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

A Isaacs

Mrs D Isaacs

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £785,465 (2024 - £682,093 profit).

MEMBERS' INTERESTS

POLITICAL DONATIONS AND EXPENDITURE

The Donations of £2,400 are charitable donations and not political donations.

ON BEHALF OF THE MEMBERS:

A Isaacs - Designated member

25 July 2025

TURNOVER

1,333,753

1,213,208

Cost of sales

36,085

52,605

GROSS PROFIT

1,297,668

1,160,603

Administrative expenses

514,130

480,896

783,538

679,707

Other operating income

-

2,386

OPERATING PROFIT

783,538

682,093

Interest receivable and similar income

1,927

-

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

785,465

682,093

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

785,465

682,093

Members' remuneration charged as an
expense

4

(785,465

)

(682,093

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

CURRENT ASSETS

Debtors

6

199,121

192,421

Cash at bank

228,915

191,013

428,036

383,434

CREDITORS

Amounts falling due within one year

7

61,241

89,924

NET CURRENT ASSETS

366,795

293,510

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

366,795

293,510

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

366,795

293,510

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

366,795

293,510

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 31 March 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 July 2025 and were signed by:

A Isaacs - Designated member

Mrs D Isaacs - Designated member

1.	STATUTORY INFORMATION

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme 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 NIL (2024 - 6 ).

4.	INFORMATION IN RELATION TO MEMBERS

31.3.25

31.3.24

£

Members' remuneration charged as an expense

Automatic division of profit

785,465

682,093

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

18,953

DEPRECIATION

At 1 April 2024

and 31 March 2025

18,953

NET BOOK VALUE

At 31 March 2025

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

195,621

188,921

Other debtors

3,500

199,121

192,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

(2

)

Taxation and social security

61,330

87,799

Other creditors

(89

)

2,127

61,241

89,924

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The Loans and other debts due to members is due in more than one year