REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MANHIRE LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

C B C Manhire

Mrs L Manhire

REGISTERED OFFICE:

4 Elm Grove South

Barnham

Bognor Regis

West Sussex

PO22 0EL

REGISTERED NUMBER:

OC416142 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

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

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS

The designated members during the year under review were:

C B C Manhire

Mrs L Manhire

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £48,619 (2024 - £56,903 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

C B C Manhire - Designated member

30th November 2025

TURNOVER

130,473

216,826

Cost of sales

28,172

96,329

GROSS PROFIT

102,301

120,497

Distribution costs

1,572

642

Administrative expenses

49,838

61,735

51,410

62,377

OPERATING PROFIT

4

50,891

58,120

Interest payable and similar expenses

2,272

1,217

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

48,619

56,903

FIXED ASSETS

Tangible assets

5

15,102

41,789

CURRENT ASSETS

Stocks

7,883

-

Debtors

6

9,411

12,128

Cash at bank

11,494

-

28,788

12,128

CREDITORS

Amounts falling due within one year

7

23,118

25,577

NET CURRENT ASSETS/(LIABILITIES)

5,670

(13,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,772

28,340

CREDITORS

Amounts falling due after more than one year

8

10,347

12,726

NET ASSETS ATTRIBUTABLE TO MEMBERS

10,425

15,614

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

10,325

15,514

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

10,425

15,614

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

10,325

15,514

Members' other interests

100

100

10,425

15,614

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 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 30th November 2025 and were signed by:

C B C Manhire - Designated member

Mrs L Manhire - Designated member

1.	STATUTORY INFORMATION

Manhire 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1.3.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

1,206

(7,755

)

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

68,910

Disposals

(40,889

)

At 31st March 2025

28,021

DEPRECIATION

At 1st April 2024

27,121

Charge for year

6,244

Eliminated on disposal

(20,446

)

At 31st March 2025

12,919

NET BOOK VALUE

At 31st March 2025

15,102

At 31st March 2024

41,789

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

58,549

DEPRECIATION

At 1st April 2024

22,089

Charge for year

5,038

At 31st March 2025

27,127

NET BOOK VALUE

At 31st March 2025

31,422

At 31st March 2024

36,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,411

12,128

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,136

5,582

Hire purchase contracts

2,140

6,105

Trade creditors

4,215

3,074

Taxation and social security

5,552

8,166

Other creditors

8,075

2,650

23,118

25,577

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

532

3,500

Hire purchase contracts

4,815

9,226

Other creditors

5,000

-

10,347

12,726

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up amounts due to unsecured creditors would be discharged in full before the loans and other debts due to members were repaid.

There are no restrictions or limitations in respect of the ability of members to reduce the amount of their other interest.