REGISTERED NUMBER: OC311705 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Thornton Springer LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S B Ison

N F Springer

S A Kaye

Mrs D J Sutton

A Littlejohn

G Myers

Z Saleem

REGISTERED OFFICE:

67 Westow Street,

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

OC311705 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

221,111

238,987

Investments

6

1,177

1,177

222,288

240,164

CURRENT ASSETS

Debtors

7

500,997

590,459

Cash at bank and in hand

317,703

218,137

818,700

808,596

CREDITORS

Amounts falling due within one year

8

(553,202

)

(491,564

)

NET CURRENT ASSETS

265,498

317,032

TOTAL ASSETS LESS CURRENT LIABILITIES

487,786

557,196

CREDITORS

Amounts falling due after more than one year

9

(144,636

)

(153,729

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

343,150

403,467

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

343,150

403,467

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

343,150

403,467

Amounts due from members

7

(38,743

)

(27,082

)

304,407

376,385

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 8 December 2025 and were signed by:

G Myers - Designated member

1.	STATUTORY INFORMATION

Thornton Springer 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.

Preparation of consolidated financial statements

The financial statements contain information about Thornton Springer LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill. being the amount paid in connection with the acquisition of a number of businesses between 2000 and 2006, is being amortised evenly over an estimated useful life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

364,173

AMORTISATION

At 1 April 2024

and 31 March 2025

364,173

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

413,102

Additions

111,953

Disposals

(131,000

)

At 31 March 2025

394,055

DEPRECIATION

At 1 April 2024

174,115

Charge for year

49,920

Eliminated on disposal

(51,091

)

At 31 March 2025

172,944

NET BOOK VALUE

At 31 March 2025

221,111

At 31 March 2024

238,987

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

316,493

Additions

111,953

Disposals

(131,000

)

Transfer to ownership

(69,357

)

At 31 March 2025

228,089

DEPRECIATION

At 1 April 2024

96,231

Charge for year

31,362

Eliminated on disposal

(51,091

)

Transfer to ownership

(29,193

)

At 31 March 2025

47,309

NET BOOK VALUE

At 31 March 2025

180,780

At 31 March 2024

220,262

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

1,177

NET BOOK VALUE

At 31 March 2025

1,177

At 31 March 2024

1,177

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

446,649

532,423

Other debtors

54,348

58,036

500,997

590,459

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

25,771

19,354

Trade creditors

71,131

69,102

Taxation and social security

319,883

330,845

Other creditors

136,417

72,263

553,202

491,564

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

143,459

152,552

Other creditors

1,177

1,177

144,636

153,729

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members, other than members' capital classified as debt, rank after unsecured creditors..