REGISTERED NUMBER: OC383653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HUGH KOCH ASSOCIATES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Dr H Koch

Mrs M S Koch

REGISTERED OFFICE:

Fourth Floor St James House

St. James Square

Cheltenham

Gloucestershire

GL50 3PR

REGISTERED NUMBER:

OC383653 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

44,773

60,098

CURRENT ASSETS

Debtors

5

4,178,022

4,479,034

Cash at bank

176,169

122,255

4,354,191

4,601,289

CREDITORS

Amounts falling due within one year

6

3,229,084

3,515,710

NET CURRENT ASSETS

1,125,107

1,085,579

TOTAL ASSETS LESS CURRENT LIABILITIES

1,169,880

1,145,677

CREDITORS

Amounts falling due after more than one year

7

(27,888

)

(35,213

)

PROVISIONS FOR LIABILITIES

(26,700

)

(21,700

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,115,292

1,088,764

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,115,292

1,088,764

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,115,292

1,088,764

Amounts due from members

5

(65,548

)

(51,794

)

1,049,744

1,036,970

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 November 2025 and were signed by:

Dr H Koch - Designated member

1.	STATUTORY INFORMATION

Hugh Koch Associates 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

Revenue 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on 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.

Provisions for liabilities

Provisions are made where an event has taken place that gives the LLP a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the LLP becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2024 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

93,754

93,940

91,158

278,852

Additions

-

3,794

-

3,794

At 31 March 2025

93,754

97,734

91,158

282,646

Depreciation

At 1 April 2024

90,816

77,104

50,834

218,754

Charge for year

2,938

6,101

10,080

19,119

At 31 March 2025

93,754

83,205

60,914

237,873

Net book value

At 31 March 2025

-

14,529

30,244

44,773

At 31 March 2024

2,938

16,836

40,324

60,098

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,081,350

4,396,023

Other debtors

96,672

83,011

4,178,022

4,479,034

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

51,959

133,611

Hire purchase contracts (see note 8)

7,324

6,916

Trade creditors

2,634,625

2,798,037

Taxation and social security

511,716

553,330

Other creditors

23,460

23,816

3,229,084

3,515,710

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

27,888

35,213

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

7,324

6,916

Between one and five years

27,888

35,213

35,212

42,129

Non-cancellable

operating leases

2025

2024

£

£

Within one year

89,880

84,450

Between one and five years

184,420

249,500

274,300

333,950

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr H Koch.

11.	PROVISION FOR DILAPIDATION

The LLP is required to perform dilapidation repairs and restore property to agreed specifications prior to the properties being vacated at the end of their lease term. These amounts are based on estimates of repair and restoration costs at a future date and therefore a degree of uncertainty exists over the future outflows, given that these are subject to repair and restoration cost price fluctuations and the extent of repairs to be completed.