Limited Liability Partnership registration number OC376720 (England and Wales)
AVERIL BLUNDELL INTERIOR DESIGN LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
AVERIL BLUNDELL INTERIOR DESIGN LLP
CONTENTS
Page
Balance sheet
1 - 2
Reconciliation of members' interests
3 - 4
Notes to the financial statements
5 - 8
AVERIL BLUNDELL INTERIOR DESIGN LLP
BALANCE SHEET
AS AT 5 APRIL 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
50,648
55,070
Current assets
Stocks
23,175
25,101
Debtors
4
861,875
366,485
Cash at bank and in hand
1,776
33,863
886,826
425,449
Creditors: amounts falling due within one year
5
(102,176)
(108,099)
Net current assets
784,650
317,350
Total assets less current liabilities
835,298
372,420
Creditors: amounts falling due after more than one year
6
(11,570)
(16,536)
Net assets attributable to members
823,728
355,884
Represented by:
Members' other interests
Members' capital classified as equity
873,603
873,603
Other reserves classified as equity
(49,875)
(517,719)
823,728
355,884
Total members' interests
Amounts due from members
(859,891)
(362,383)
Members' other interests
823,728
355,884
(36,163)
(6,499)
AVERIL BLUNDELL INTERIOR DESIGN LLP
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2025
05 April 2025
- 2 -

For the financial year ended 5 April 2025 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 2 September 2025 and are signed on their behalf by:
2025-09-02
Ms A Gornall
Designated member
Limited Liability Partnership registration number OC376720 (England and Wales)
AVERIL BLUNDELL INTERIOR DESIGN LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 6 April 2024
873,603
-
873,603
(362,383)
(362,383)
511,220
Loss for the financial year available for discretionary division among members
-
(49,875)
(49,875)
-
-
(49,875)
Members' interests after loss for the year
873,603
(49,875)
823,728
(362,383)
(362,383)
461,345
Other divisions of profits
-
-
-
(517,719)
(517,719)
(517,719)
Introduced by members
-
-
-
30,711
30,711
30,711
Drawings on account and distributions of profit
-
-
-
(10,500)
(10,500)
(10,500)
Members' interests at 5 April 2025
873,603
(49,875)
823,728
(859,891)
(859,891)
(36,163)
Amounts due to members
-
Amounts due from members, included in debtors
(859,891)
(859,891)
AVERIL BLUNDELL INTERIOR DESIGN LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 4 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2024
£
£
£
£
£
£
Members' interests at 6 April 2023
873,603
-
873,603
(451,220)
(451,220)
422,383
Loss for the financial year available for discretionary division among members
-
(517,719)
(517,719)
-
-
(517,719)
Members' interests after loss for the year
873,603
(517,719)
355,884
(451,220)
(451,220)
(95,336)
Other divisions of profits
-
-
-
37,480
37,480
37,480
Introduced by members
-
-
-
90,500
90,500
90,500
Drawings on account and distributions of profit
-
-
-
(39,143)
(39,143)
(39,143)
Members' interests at 5 April 2024
873,603
(517,719)
355,884
(362,383)
(362,383)
(6,499)
Amounts due to members
-
Amounts due from members, included in debtors
(362,383)
(362,383)
AVERIL BLUNDELL INTERIOR DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 5 -
1
Accounting policies
Limited liability partnership information

Averil Blundell Interior Design LLP is a limited liability partnership incorporated in England and Wales. The registered office is Mount St John, Felixkirk, Thirsk, North Yorkshire, YO7 2DT.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the true limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover represents net invoiced sales of services excluding value added tax.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement.

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

AVERIL BLUNDELL INTERIOR DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 6 -

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33.3% on cost and 15% reducing balance
Motor vehicles
Straight line over 6 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

All fixed assets are originally recorded at cost.

1.6
Stocks

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

1.7
Financial instruments
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

AVERIL BLUNDELL INTERIOR DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 7 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
1
1
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 6 April 2024
24,236
63,944
88,180
Additions
-
12,324
12,324
At 5 April 2025
24,236
76,268
100,504
Depreciation and impairment
At 6 April 2024
19,789
13,321
33,110
Depreciation charged in the year
1,467
15,279
16,746
At 5 April 2025
21,256
28,600
49,856
Carrying amount
At 5 April 2025
2,980
47,668
50,648
At 5 April 2024
4,447
50,623
55,070
AVERIL BLUNDELL INTERIOR DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
3
Tangible fixed assets
(Continued)
- 8 -

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
(1)
-
0
Amounts owed by members
859,891
362,383
Prepayments and accrued income
1,985
4,102
861,875
366,485
5
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
10,297
10,077
Other borrowings
74,000
74,000
Trade creditors
1,823
5,536
Other taxation and social security
12,222
3,029
Other creditors
2,203
2,203
Accruals and deferred income
1,631
13,254
102,176
108,099
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
11,570
16,536
7
Loans and other debts due to members

In the event of a winding up amounts included in loans and other debts due to members will rank equally with unsecured creditors.

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