Rider Hunt Construction Consultants LLP

Notes to the Financial Statements

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Rider Hunt Construction Consultants LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Government grants

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Rider Hunt Construction Consultants LLP

Notes to the Financial Statements

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Tangible fixed assets

Individual fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	20% reducing balance
Motor Vehicles	25% reducing balance

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Rider Hunt Construction Consultants LLP

Notes to the Financial Statements

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Members' interests

Members' capital is repayable on retirement of the member and is therefore classified as a liability. Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 4 (2024 - 4).

3	Tangible fixed assets

	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost
At 1 April 2024	21,994	141,552	163,546
Additions	10,104	-	10,104
Disposals	(7,414)	-	(7,414)
At 31 March 2025	24,684	141,552	166,236
Depreciation
At 1 April 2024	12,948	42,784	55,732
Charge for the year	2,773	24,692	27,465
Eliminated on disposals	(6,413)	-	(6,413)
At 31 March 2025	9,308	67,476	76,784
Net book value
At 31 March 2025	15,376	74,076	89,452
At 31 March 2024	9,046	98,768	107,814

Rider Hunt Construction Consultants LLP

Notes to the Financial Statements

4	Work In Progress

	2025 £	2024 £
Work in progress	129,689	107,675

5

Debtors

	2025 £	2024 £
Trade debtors	399,761	580,534
Prepayments and accrued income	11,663	11,258
Total current trade and other debtors	411,424	591,792

6	Current asset investments

	2025 £	2024 £
Shares in group undertakings	140	140

7	Creditors: Amounts falling due within one year

	2025 £	2024 £
Trade creditors	71,135	181,622
Other creditors	20,349	23,385
Accruals and deferred income	39,719	60,921
Taxation and social security	115,149	184,886
	246,352	450,814

8

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.