REGISTERED NUMBER: NC001210 (Northern Ireland)

PHILIP RODGERS DESIGN LLP

Members' Report and

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

General Information

1

Members' Report

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Philip Rodgers

Timothy Rodgers

REGISTERED OFFICE:

30 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

REGISTERED NUMBER:

NC001210 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

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

DESIGNATED MEMBERS

The designated members during the year under review were:

Philip Rodgers

Timothy Rodgers

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £49,890 (2024 - £32,743 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The members can decide on how much undistributed income will be retained within the LLP as capital.

SPECIAL PROVISIONS RELATING TO SMALL LIMITED LIABILITY PARTNERSHIPS

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, as amended relating to small LLP's.

ON BEHALF OF THE MEMBERS:

Philip Rodgers - Designated member

12 August 2025

We have prepared for your approval the financial statements of Philip Rodgers Design LLP for the year which comprise the Trading, Profit and Loss Account, the Balance Sheet and related notes from the accounting records and information and explanations you have given to us.

This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philip Rodgers Design LLP and state those matters that we have agreed to state to you in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Rodgers Design LLP for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland.

You have approved the Trading, Profit and Loss Account, the Balance Sheet and related notes for the year ended 31 March 2025 and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not been instructed to carry out an audit or a review of the financial statements of Philip Rodgers Design 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 financial information.

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

12 August 2025

REVENUE

332,348

230,466

Cost of sales

(93,348

)

(113,864

)

GROSS PROFIT

239,000

116,602

Administrative expenses

(188,522

)

(83,263

)

OPERATING PROFIT

5

50,478

33,339

Interest payable and similar expenses

(588

)

(596

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

49,890

32,743

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

49,890

32,743

Members' remuneration charged as an expense

6

(49,890

)

(32,743

)

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

-

NON-CURRENT ASSETS

Property, plant and equipment

7

62,978

82,937

CURRENT ASSETS

Inventories

8

138,639

127,520

Receivables

9

20,364

74,812

Cash at bank and in hand

150,748

90,915

309,751

293,247

PAYABLES

Amounts falling due within one year

10

(100,987

)

(109,399

)

NET CURRENT ASSETS

208,764

183,848

TOTAL ASSETS LESS CURRENT LIABILITIES

271,742

266,785

PAYABLES

Amounts falling due after more than one year

11

(25,490

)

(47,485

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

246,252

219,300

LOANS AND OTHER DEBTS DUE TO MEMBERS

12

246,252

219,300

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

12

246,252

219,300

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 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 12 August 2025 and were signed by:

Philip Rodgers - Designated member

1.	STATUTORY INFORMATION

Philip Rodgers Design LLP is registered in Northern Ireland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 of the LLP have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", applying Section 1A of the Standard, issued by the Financial Reporting Council and in accordance with the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the LLP's financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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.

Revenue

The revenue shown in the profit and loss account represents amounts received or receivable for goods and services provided in the normal course of business, exclusive of Value Added Tax.

Members' remuneration

Members' remuneration is treated as a charge against profits. It includes profits that are automatically divided between members by virtue of the members' agreement. A member's share in the profit and loss for the year is accounted for as an allocation of profits.

Cash flow statement

The LLP has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classed as a small LLP.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 5 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1/9/23

Year ended

to

31/3/25

31/3/24

£

£

Depreciation - owned assets

19,959

10,219

6.	INFORMATION IN RELATION TO MEMBERS

Period

1/9/23

Year ended

to

31/3/25

31/3/24

£

£

Members' remuneration charged as an expense

Automatic division of profit

49,890

32,743

7.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

25,403

9,990

78,000

113,393

DEPRECIATION

At 1 April 2024

17,652

4,311

8,493

30,456

Charge for year

1,163

1,419

17,377

19,959

At 31 March 2025

18,815

5,730

25,870

50,415

NET BOOK VALUE

At 31 March 2025

6,588

4,260

52,130

62,978

At 31 March 2024

7,751

5,679

69,507

82,937

8.	INVENTORIES

2025

2024

£

£

Work-in-progress

138,639

127,520

9.	RECEIVABLES

2025

2024

£

£

Trade receivables

18,259

54,162

Other Debtors

-

20,650

VAT

2,105

-

20,364

74,812

10.	PAYABLES LESS THAN ONE YEAR

2025

2024

£

£

Loans

10,061

9,627

Hire purchase contracts

11,500

11,500

Trade payables

54,202

33,732

Social security and other taxes

2,527

2,570

Pension payable

612

529

VAT

-

18,167

Other payables

7,077

3,460

Accruals and deferred income

15,008

29,814

100,987

109,399

11.	PAYABLES MORE THAN ONE YEAR

2025

2024

£

£

Loans

7,282

17,777

Hire purchase contracts

18,208

29,708

25,490

47,485

12.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.