Fanshawe (London) LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC317812

Fanshawe (London) LLP

Filleted Unaudited Financial Statements

27 March 2025

Fanshawe (London) LLP

Financial Statements

Year ended 27 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Fanshawe (London) LLP

Statement of Financial Position

27 March 2025

	2025		2024
Note	£	£	£	£

Current assets

Debtors	5	–	785,841
Cash at bank and in hand		–	59,134
		----	---------
		–	844,975

Creditors: amounts falling due within one year	6	–		71,870
		----		---------
Net current assets			–		773,105
			----		---------
Total assets less current liabilities			–		773,105
			----		---------

Represented by:

Loans and other debts due to members

Members' capital classified as a liability	7	–	573,105
Other amounts	7	–	–
		----	---------
		–	573,105

Members' other interests

Members' capital classified as equity	–	200,000
Other reserves	–	–
	----	---------
	–	773,105
	----	---------

Total members' interests

Loans and other debts due to members	7	–	573,105
Members' other interests		–	200,000
		----	---------
		–	773,105
		----	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

The LLP did not trade during the year and has not made either a profit or loss.

For the year ending 27 March 2025 the LLP was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to dormant LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Fanshawe (London) LLP

Statement of Financial Position (continued)

27 March 2025

These financial statements were approved by the members and authorised for issue on 3 December 2025 , and are signed on their behalf by:

Mr D J Trott	Mr R G Symmons
Designated Member	Designated Member

Registered number: OC317812

Fanshawe (London) LLP

Notes to the Financial Statements

Year ended 27 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 5-11 2nd Floor, Worship Street, London, EC2A 2BH, England.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The LLP is dormant as defined by section 1169 of the Companies Act 2006as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The LLP received no income and incurred no expenditure during the current year.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

The limited liability partnership only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to Nil (2024: 9 ).

5.	Debtors

	2025	2024
	£	£
Trade debtors	–	651,574
Other debtors	–	134,267
	----	---------
	–	785,841
	----	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	427
Social security and other taxes	–	56,579
Accruals and deferred income	–	10,200
Other creditors	–	4,664
	----	--------
	–	71,870
	----	--------

7.	Loans and other debts due to members

	2025	2024
	£	£
Other amounts	–	573,105
	----	---------

8.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	529,993
	----	---------