Erling's Original Liquorice Co. LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—5

Registered number: OC323100

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,054		1,405

			1,054		1,405
CURRENT ASSETS
Stocks	5	2,240		3,556
Debtors	6	7,263		7,263
Cash at bank and in hand		2,725		3,931

		12,228		14,750
Creditors: Amounts Falling Due Within One Year	7	(15,887 )		(21,317 )

NET CURRENT ASSETS (LIABILITIES)			(3,659 )		(6,567 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,605 )		(5,162 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(2,605 )		(5,162 )

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		8,992		7,611

			8,992		7,611

Equity
Members' other interests
Members' capital		(17,436)		(18,612)
Other reserves		5,839		5,839

			(11,597)		(12,773)

			(2,605)		(5,162)

TOTAL MEMBERS' INTEREST
Amounts due from members			(7,263)		(7,263)
Loans and other debts due to members within one year			8,992		7,611
Members' other interests			(11,597)		(12,773)

			(9,868)		(12,425)

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Erling's Original Liquorice Co. 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 Erling McCracken

Designated Member

17 November 2025

The notes on pages 4 to 5 form part of these financial statements.

	EQUITY			DEBT
	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors
	Members'Capital classified as Equity	Other Reserves	Total Equity	Other amounts	Total members' interest
	£	£	£	£	£
Amounts due to members	-	-	-	6,103	-
Amounts due from members	-	-	-	(7,263)	-

Balance at 1 April 2023	(9,696)	5,839	(3,857)	(1,160)	(5,017)
Profit/(loss) for the financial year available for discretionary division among members	-	1,508	1,508	-	1,508

Members' interests after profit/(loss) for the year	(9,696)	7,347	(2,349)	(1,160)	(3,509)
Other divisions of profits (losses)	-	(1,508)	(1,508)	1,508	-
Drawings	(8,916)	-	(8,916)	-	(8,916)

Amounts due to members	-	-	-	7,611	-
Amounts due from members	-	-	-	(7,263)	-

As at 31 March 2024 and 1 April 2024	(18,612)	5,839	(12,773)	348	(12,425)


Profit/(loss) for the financial year available for discretionary division among members	-	1,381	1,381	-	1,381

Members' interests after profit/(loss) for the year	(18,612)	7,220	(11,392)	348	(11,044)
Other divisions of profits (losses)	-	(1,381)	(1,381)	1,381	-
Drawings	1,176	-	1,176	-	1,176

Amounts due to members	-	-	-	8,992	-
Amounts due from members	-	-	-	(7,263)	-

As at 31 March 2025	(17,436)	5,839	(11,597)	1,729	(9,868)

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Erling's Original Liquorice Co. LLP

Notes to the Financial Statements

For The Year Ended 31 March 2025

1. General Information

Erling's Original Liquorice Co. LLP is a limited liability partnership, incorporated in England & Wales, registered number OC323100 . The Registered Office is Ravensbourne, 7 Arthurs Hill, Shanklin, Isle of Wight, PO37 6EW.

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:

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

There were no employees during the year. NIL (2024: NIL)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	3,569

As at 31 March 2025	3,569

Depreciation
As at 1 April 2024	2,164
Provided during the period	351

As at 31 March 2025	2,515

...CONTINUED

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Erling's Original Liquorice Co. LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,054

As at 1 April 2024	1,405

5. Stocks

	2025	2024
	£	£
Stock	2,240	3,556

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts due from members	7,263	7,263

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,373	1,249
Bank loans and overdrafts	14,162	19,911
Accruals and deferred income	352	157

	15,887	21,317

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