Redmere Group LLP - Filleted accounts

Registered number

OC413653

Redmere Group LLP

Filleted Accounts

5 April 2025

Redmere Group LLP
Registered number:		OC413653
Balance Sheet
as at 5 April 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	40,310		746
Investments	4	770,440		770,440
		810,750		771,186
Current assets
Debtors	5	1,889		1,296
Cash at bank and in hand		9,241		377
		11,130		1,673

Creditors: amounts falling due within one year	6	(984)		(960)

Net current assets		10,146		713

Total assets less current liabilities		820,896		771,899



Net assets attributable to members		820,896		771,899

Represented by:
Loans and other debts due to members	7	820,896		771,899


		820,896		771,899

Total members' interests
Loans and other debts due to members	7	820,896		771,899

		820,896		771,899

For the year ended 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 5 December 2025 and signed on their behalf by:


Adam Mairs
Designated member

Redmere Group LLP
Notes to the Accounts
for the year ended 5 April 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years
	Motor vehicles	20% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the LLP			0		0


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 6 April 2024	4,283		-		4,283
	Additions	599		49,764		50,363
	At 5 April 2025	4,882		49,764		54,646

	Depreciation
	At 6 April 2024	3,537		-		3,537
	Charge for the year	846		9,953		10,799
	At 5 April 2025	4,383		9,953		14,336

	Net book value
	At 5 April 2025	499		39,811		40,310
	At 5 April 2024	746		-		746


4	Fixed asset investments

Other
investments
£
	Cost
	At 6 April 2024					770,440

	At 5 April 2025					770,440


5	Debtors			2025		2024
£					£

	Trade debtors			275		135
	Other debtors			1,614		1,161
				1,889		1,296


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Other creditors			984		960


7	Loans and other debts due to members			2025		2024
£					£

	Members capital classified as debt			596,701		596,701
	Loans from members			39,273		21,335
	Amounts due to members in respect of profits			184,922		153,863
				820,896		771,899

	Amounts falling due within one year			224,195		175,198
	Amounts falling due after more than one year			596,701		596,701
				820,896		771,899

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


8	Controlling party

	The ultimate controlling party is Mr Adam Mairs.


9	Other information

	Redmere Group LLP is a limited liability partnership incorporated in England. Its registered office is:
	255 Poulton Road
	Wallasey
	Wirral
	CH44 4BT