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REGISTERED NUMBER: OC382133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lucid Partnership LLP
Lucid Partnership LLP (Registered number: OC382133)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lucid Partnership LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: RAF Affinity Ltd
Codeweb Software Ltd
1Touch Productions Limited
Iain Scott Limited
Frontier Applications Limited





REGISTERED OFFICE: Ground Floor, Woodland House
Woodland Park
Bradford Road
Cleckheaton
West Yorkshire
BD19 6BW





REGISTERED NUMBER: OC382133 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Woodland House
Woodland Park
Bradford Road
Cleckheaton
BD19 6BW
1
Lucid Partnership LLP (Registered number: OC382133)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,349 19,033

CURRENT ASSETS
Debtors 5 245,756 205,530
Cash at bank 275,755 60,379
521,511 265,909
CREDITORS
Amounts falling due within one year 6 212,866 197,541
NET CURRENT ASSETS 308,645 68,368
TOTAL ASSETS LESS CURRENT
LIABILITIES
328,994
87,401

CREDITORS
Amounts falling due after more than one year 7 9,167 19,167
NET ASSETS ATTRIBUTABLE TO
MEMBERS
319,827
68,234

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
219,827
58,234

MEMBERS' OTHER INTERESTS
Capital accounts 100,000 10,000
319,827 68,234

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 219,827 58,234
Members' other interests 100,000 10,000
319,827 68,234

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 notes form part of these financial statements

2 continued...
Lucid Partnership LLP (Registered number: OC382133)

Balance Sheet - continued
31 March 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 October 2025 and were signed by:





RAF Affinity Ltd - Designated member

The notes form part of these financial statements

3
Lucid Partnership LLP (Registered number: OC382133)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% reducing balance
Computer equipment - 25% reducing balance

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.

Post retirement payments to members
Members are not entitled to receive any share of profit of the LLP after their retirement date. The profits of the LLP in the period of retirement are apportioned on a time basis in respect of the periods before and after the retirement date. The balance on the retiring member's capital and current accounts are shown in the accounts at the date of retirement.The retiring member is also entitled to a goodwill payment being 1.5 times their average annual profit share for the previous three years, provided they have been a member for at least 3 years.
The balance on the current account has to be made within one month of the approval of the accounts.
The balance on the capital account has to be made within twelve months of the retirement date.
The goodwill share payment has to be made within twelve months of the retirement date.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2024 - 11 ) .

4 continued...
Lucid Partnership LLP (Registered number: OC382133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024 6,385 65,701 72,086
Additions - 6,708 6,708
At 31 March 2025 6,385 72,409 78,794
DEPRECIATION
At 1 April 2024 2,816 50,237 53,053
Charge for year 892 4,500 5,392
At 31 March 2025 3,708 54,737 58,445
NET BOOK VALUE
At 31 March 2025 2,677 17,672 20,349
At 31 March 2024 3,569 15,464 19,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 136,345 86,484
Amounts recoverable on contract 83,216 109,240
Other debtors 4,596 4,369
Prepayments 21,599 5,437
245,756 205,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 45,792 8,988
Social security and other taxes 21,040 22,328
VAT 26,844 24,555
Other creditors 95,205 122,148
Employee expense claims 214 393
Pension creditor 2,379 2,540
Credit card 5,055 -
Accrued expenses 6,337 6,589
212,866 197,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 9,167 10,000
Bank loans - 2-5 years - 9,167
9,167 19,167

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank behind other secured creditors in the event of a winding up.

5 continued...
Lucid Partnership LLP (Registered number: OC382133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. ULTIMATE CONTROLLING PARTY

The controlling party is RAF Affinity Ltd.

The ultimate controlling party is R A Foy.

6