REGISTERED NUMBER: OC430201 (England and Wales)

Levett Ventures LLP

Financial Statements

for the Year Ended 31st March 2025

Page

General information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

5

Designated members:

T R Levett

Mrs D L Levett

Registered office:

14a Belsize Square

London

NW3 4HT

Registered number:

OC430201 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

4

8,467

2,002

Creditors

Amounts falling due within one year

5

8,465

2,000

Net current assets

2

2

Total assets less current liabilities

and

Net assets attributable to members

2

2

Loans and other debts due to members

-

-

Members' other interests

Capital accounts

2

2

2

2

Total members' interests

Members' other interests

2

2

Amounts due from members

4

(7,882

)

(1,362

)

(7,880

)

(1,360

)

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 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 Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12th November 2025 and were signed by:

T R Levett - Designated member

1.	Statutory information

Levett Ventures 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Financial instruments

The following assets and liabilities are classified as financial instruments - accruals and members loans.

Members' loans (being repayable on demand), and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

Members remuneration

Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

Going concern

The members have considered the LLP's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they adopt the going concern basis in preparing these financial statements.

3.	Employee information

The average number of employees during the year was 1 (2024 - NIL ) .

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

8,467

2,002

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

6,465

-

Other creditors

2,000

2,000

8,465

2,000