Somerset Escargot LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC429021

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,907		6,542

			4,907		6,542
CURRENT ASSETS
Stocks	5	-		1,000
Debtors	6	-		1,654
Cash at bank and in hand		1,793		3,265

		1,793		5,919
Creditors: Amounts Falling Due Within One Year	7	(3,266 )		(3,266 )

NET CURRENT ASSETS (LIABILITIES)			(1,473 )		2,653

TOTAL ASSETS LESS CURRENT LIABILITIES			3,434		9,195

Creditors: Amounts Falling Due After More Than One Year	8		(2,705 )		(5,651 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			729		3,544

REPRESENTED BY:
Equity
Members' other interests
Members' capital		729		3,544

			729		3,544

TOTAL MEMBERS' INTEREST
Members' other interests			729		3,544

			729		3,544

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Somerset Escargot LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Robert Paxman

Partner

08/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Somerset Escargot LLP is a limited liability partnership, incorporated in England & Wales, registered number OC429021 . The Registered Office is 9 High Street, Wellington, Somerset, TA21 8QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	18,853	1,629	20,482

As at 31 March 2025	18,853	1,629	20,482

...CONTINUED

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Somerset Escargot LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	13,228	712	13,940
Provided during the period	1,406	229	1,635

As at 31 March 2025	14,634	941	15,575

Net Book Value
As at 31 March 2025	4,219	688	4,907

As at 1 April 2024	5,625	917	6,542

5. Stocks

	2025	2024
	£	£
Stock	-	1,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,583
Other debtors	-	71

	-	1,654

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	2,500	2,500
Other creditors	766	766

	3,266	3,266

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,705	5,651

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