REGISTERED NUMBER: OC413431 (England and Wales)

EWBANK'S LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Chartered Accountants' Report

9

Designated members:

L Ewbank

A Ewbank

T W Duggan

Registered office:

Burnt Common Auction Rooms

London Road

Send

Woking

GU23 7LN

Registered number:

OC413431 (England and Wales)

Accountants:

JPS Accountancy Limited

Chartered Accountants

Thorncroft Manor

Thorncroft Drive

Leatherhead

Surrey

KT22 8JB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58,034

62,070

58,034

62,070

CURRENT ASSETS

Debtors

6

531,299

516,788

Cash at bank

361,835

429,262

893,134

946,050

CREDITORS

Amounts falling due within one year

7

(651,559

)

(603,561

)

NET CURRENT ASSETS

241,575

342,489

TOTAL ASSETS LESS CURRENT LIABILITIES

299,609

404,559

CREDITORS

Amounts falling due after more than one year

8

(218,175

)

(259,177

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

81,434

145,382

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

52,684

74,132

MEMBERS' OTHER INTERESTS

Capital accounts

28,750

71,250

81,434

145,382

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

52,684

74,132

Members' other interests

28,750

71,250

Amounts due from members

6

(32,904

)

(88,421

)

48,530

56,961

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 September 2025 and were signed by:

L Ewbank - Designated member

A Ewbank - Designated member

1.	STATUTORY INFORMATION

Ewbank's 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below.

Turnover

Revenue is measured as the fair value of consideration receivable for the supply of auction services excluding discounts, rebates and value added tax.

Goodwill

Goodwill relates to the purchase of a business in prior years which has been transferred to the LLP on incorporation at 1 September 2016. This goodwill has been amortised over 5 years from the date of incorporation.

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% on reducing balance

Motor vehicles

-

25% on cost

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit or loss, and included in administrative expenses.

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price, including transaction cost. The LLP has no financial assets at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost. The LLP has no non-basic financial instruments.

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.

Members remuneration

Remuneration paid under a contractual arrangement has been charged against profits in the year as "Members remuneration charged as an expense".

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 payable under operating leases are charged to profit and loss on a straight line basis over the lease term.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 35 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

20,000

Amortisation

At 1 April 2024

and 31 March 2025

20,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

84,279

133,754

130,063

348,096

Additions

-

12,663

-

12,663

Disposals

-

-

(89,071

)

(89,071

)

At 31 March 2025

84,279

146,417

40,992

271,688

Depreciation

At 1 April 2024

84,279

86,027

115,720

286,026

Charge for year

-

14,038

2,661

16,699

Eliminated on disposal

-

-

(89,071

)

(89,071

)

At 31 March 2025

84,279

100,065

29,310

213,654

Net book value

At 31 March 2025

-

46,352

11,682

58,034

At 31 March 2024

-

47,727

14,343

62,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

304,686

270,603

Other debtors

226,613

246,185

531,299

516,788

Included within other debtors is £32,904 (2024: £88,421) owed by members.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,627

13,861

Hire purchase contracts

3,596

13,507

Trade creditors

405,177

396,122

Taxation and social security

160,456

148,065

Other creditors

65,703

32,006

651,559

603,561

The aggregate amount of creditors falling due within one year for which security has been given amounts to £20,223 (2024: £27,368).

There is a fixed and floating charge over the assets of the LLP as security for the bank loan.

The hire purchase contracts are secured over the assets to which they relate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

210,370

228,025

Hire purchase contracts

7,805

31,152

218,175

259,177

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

127,855

159,235

The aggregate amount of creditors falling due after more than one year for which security has been given amounts to £218,175 (2024: £259,177).

There is a fixed and floating charge over the assets of the LLP as security for the bank loan.

The hire purchase contracts are secured over the assets to which they relate.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

52,684

74,132

Falling due within one year

52,684

74,132

In the event of winding up, the amounts included in 'Loans and other debts due to members' will rank below unsecured creditors. Individual members' capital contributions are not repayable until the member retires from the LLP.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ewbank's LLP for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Ewbank's LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ewbank's LLP and state those matters that we have agreed to state to the members of Ewbank's LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ewbank's LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Ewbank's LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ewbank's LLP. You consider that Ewbank's LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ewbank's LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JPS Accountancy Limited

Chartered Accountants

Thorncroft Manor

Thorncroft Drive

Leatherhead

Surrey

KT22 8JB

1 September 2025