REGISTERED NUMBER: OC324049 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TIM O'HARE ASSOCIATES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T J O' Hare

Mrs N J O' Hare

REGISTERED OFFICE:

The Inovation Centre

Howbery Park

Wallingford

Oxfordshire

OX10 8BA

REGISTERED NUMBER:

OC324049 (England and Wales)

ACCOUNTANTS:

Partridges Accountancy Services Limited

Chartered Certified Accountants

2nd Floor - Robert House

19 Station Road

Chinnor

Oxfordshire

OX39 4PU

FIXED ASSETS

Tangible assets

4

16,195

13,910

CURRENT ASSETS

Debtors

5

297,464

290,146

Prepayments and accrued income

16,654

6,883

Cash at bank

552,205

353,568

866,323

650,597

CREDITORS

Amounts falling due within one year

6

457,348

347,229

NET CURRENT ASSETS

408,975

303,368

TOTAL ASSETS LESS CURRENT LIABILITIES

425,170

317,278

ACCRUALS AND DEFERRED INCOME

48,128

35,650

NET ASSETS ATTRIBUTABLE TO MEMBERS

377,042

281,628

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

377,042

281,628

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

377,042

281,628

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2025 and were signed by:

T J O' Hare - Designated member

Mrs N J O' Hare - Designated member

1.	STATUTORY INFORMATION

Tim O'Hare 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

Turnover 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

20% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

22,370

25,445

47,815

Additions

-

9,066

9,066

Disposals

(10,546

)

-

(10,546

)

At 31 March 2025

11,824

34,511

46,335

DEPRECIATION

At 1 April 2024

15,589

18,316

33,905

Charge for year

1,548

4,646

6,194

Eliminated on disposal

(9,959

)

-

(9,959

)

At 31 March 2025

7,178

22,962

30,140

NET BOOK VALUE

At 31 March 2025

4,646

11,549

16,195

At 31 March 2024

6,781

7,129

13,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

297,464

290,146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

88,564

96,167

Taxation and social security

365,820

243,172

Other creditors

2,964

7,890

457,348

347,229

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

As at 31st March 2025, loans and other debts due to members amount to £377,042 (2024: £281,628).