Cooke, Young & Keidan LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC341464

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		240,229		461,696

			240,229		461,696
CURRENT ASSETS
Debtors	5	3,719,734		2,595,514
Cash at bank and in hand		2,227,028		1,992,877

		5,946,762		4,588,391
Creditors: Amounts Falling Due Within One Year	6	(1,561,626 )		(2,222,539 )

NET CURRENT ASSETS (LIABILITIES)			4,385,136		2,365,852

TOTAL ASSETS LESS CURRENT LIABILITIES			4,625,365		2,827,548

Creditors: Amounts Falling Due After More Than One Year	7		(103,343 )		(192,760 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			4,522,022		2,634,788

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		1,325,000		1,325,000
Other amounts		3,197,022		1,309,788

			4,522,022		2,634,788

			4,522,022		2,634,788

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			4,522,022		2,634,788

			4,522,022		2,634,788

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Cooke, Young & Keidan 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

S O'Callaghan

Designated Member

8 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cooke, Young & Keidan LLP is a limited liability partnership, incorporated in England & Wales, registered number OC341464 . The Registered Office is 21 Lombard Street, London, EC3V 9AH.

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.

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:

Short-term leasehold property	Over lease term
Office equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Cooke, Young & Keidan LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Stocks and Work in Progress

Work in progress are valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress includes labour and attributable overheads and is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At each balance sheet date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its sellling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6. Financial Instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Pensions

The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

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Cooke, Young & Keidan LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 26 (2024: 25)

4. Tangible Assets

	Short-term leasehold property	Office equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,608,648	107,051	1,715,699
Additions	-	4,277	4,277

As at 31 March 2025	1,608,648	111,328	1,719,976

Depreciation
As at 1 April 2024	1,149,634	104,369	1,254,003
Provided during the period	223,110	2,634	225,744

As at 31 March 2025	1,372,744	107,003	1,479,747

Net Book Value
As at 31 March 2025	235,904	4,325	240,229

As at 1 April 2024	459,014	2,682	461,696

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Short-term leasehold property	206,215	399,637

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,714,155	952,684
WIP	1,338,378	753,345
Prepayments and accrued income	616,959	846,089
Other debtors	2,739	5,664
VAT	47,503	37,732

	3,719,734	2,595,514

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Cooke, Young & Keidan LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,096	356,109
Trade creditors	987,229	945,701
Other loans	98,741	101,200
Other taxes and social security	70,508	63,244
Other creditors	11,344	184,318
Accruals and deferred income	380,708	571,967

	1,561,626	2,222,539

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

	2025	2024
	£	£
Other loans	103,343	192,760

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,096	356,109
Later than one year and not later than five years	-	-

	13,096	356,109

	13,096	356,109

9. Pension Commitments

The LLP operates a defined contribution pension scheme for. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £57,197 (2024 - £49,025). At the balance sheet date unpaid contributions of £10,954 (2024 - £Nil) were due to the fund. They are included in Creditors.

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