REGISTERED NUMBER: OC347263 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bards Shellfish LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Chilcott

B Chilcott

REGISTERED OFFICE:

Lonicera Rhododendron Avenue

Meopham

Gravesend

Kent

DA13 0TT

REGISTERED NUMBER:

OC347263 (England and Wales)

ACCOUNTANT:

L. A. Horsfall

Lonicera

Rhododendron Avenue

Meopham

Kent

DA13 0TT

FIXED ASSETS

Tangible assets

4

57,027

76,036

CURRENT ASSETS

Stocks

1,824

1,794

Debtors

5

418,257

393,147

Cash at bank and in hand

526,199

285,560

946,280

680,501

CREDITORS

Amounts falling due within one year

6

717,668

676,923

NET CURRENT ASSETS

228,612

3,578

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

285,639

79,614

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

285,639

79,614

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

285,639

79,614

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 4 December 2025 and were signed by:

S Chilcott - Designated member

B Chilcott - Designated member

1.	STATUTORY INFORMATION

Bards Shellfish 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.

Revenue recognition

Turnover is represented by amounts derived from the provision of goods and services falling within the company's activities, after the deduction of trade discounts and value added tax.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

149,144

DEPRECIATION

At 1 April 2024

73,108

Charge for year

19,009

At 31 March 2025

92,117

NET BOOK VALUE

At 31 March 2025

57,027

At 31 March 2024

76,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

414,138

382,512

Other debtors

4,119

10,635

418,257

393,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

709,878

669,046

Taxation and social security

3,483

3,604

Other creditors

4,307

4,273

717,668

676,923

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Of Loans and other debts due to members £285,639 (2024: £79,614) is subordinated to

unsecured creditors. The rest ranks pari passu with unsecured creditors in the event of a winding up.

There are no restrictions on the ability for the Board of members to reduce Members’ other interests.