REGISTERED NUMBER: OC365042 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KAY & PASCOE LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs SL Kay

L O Pascoe

Mrs F L Hartwright

Mrs T Sanger

REGISTERED OFFICE:

56a High Street

Heathfield

East Sussex

TN21 8JB

REGISTERED NUMBER:

OC365042 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

7,496

12,390

CURRENT ASSETS

Stocks

5

3,780

3,075

Debtors

6

140,927

189,519

Cash at bank and in hand

68,698

17,518

213,405

210,112

CREDITORS

Amounts falling due within one year

7

(70,102

)

(78,441

)

NET CURRENT ASSETS

143,303

131,671

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

150,799

144,061

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

150,799

144,061

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

150,799

144,061

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 26 November 2025 and were signed by:

L O Pascoe - Designated member

Mrs SL Kay - Designated member

1.	STATUTORY INFORMATION

Kay & Pascoe 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

12,988

13,780

24,962

51,730

DEPRECIATION

At 1 April 2024

7,793

10,853

20,694

39,340

Charge for year

1,298

586

3,010

4,894

At 31 March 2025

9,091

11,439

23,704

44,234

NET BOOK VALUE

At 31 March 2025

3,897

2,341

1,258

7,496

At 31 March 2024

5,195

2,927

4,268

12,390

5.

STOCKS

2025

2024

£

£

Work-in-progress

3,780

3,075

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

104,624

174,474

Other debtors

36,303

15,045

140,927

189,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,441

Trade creditors

6,340

5,009

Taxation and social security

54,729

58,882

Other creditors

9,033

7,109

70,102

78,441

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

21,460

21,460

Between one and five years

50,782

72,242

72,242

93,702

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.

10.	CLIENT ACCOUNTS

The LLP held one client bank account during the year, the balance of which is wholly represented by balances due to client.

2025

2024

£

£

Client account

120,504

266,358