Limited Liability Partnership registration number OC370495 (England and Wales)
TREETOP PRINTING & DESIGN LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TREETOP PRINTING & DESIGN LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
TREETOP PRINTING & DESIGN LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
30 September 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
216,868
199,033
Current assets
Stocks
1,274
8,742
Debtors
4
163,981
247,653
Cash at bank and in hand
25,503
1,810
190,758
258,205
Creditors: amounts falling due within one year
5
(229,585)
(315,404)
Net current liabilities
(38,827)
(57,199)
Total assets less current liabilities
178,041
141,834
Creditors: amounts falling due after more than one year
6
(64,188)
(55,278)
Net assets attributable to members
113,853
86,556
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
81,853
54,556
Members' other interests
Members' capital classified as equity
32,000
32,000
113,853
86,556

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.

For the financial period ended 31 March 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.

TREETOP PRINTING & DESIGN LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the members and authorised for issue on 8 December 2025 and are signed on their behalf by:
08 December 2025
Mr G Lovegrove
Designated member
Limited Liability Partnership Registration No. OC370495
TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

Treetop Printing & Design LLP is a limited liability partnership incorporated in England and Wales. The registered office is Unit 5-6, The Bell Centre Newton Road, Crawley, West Sussex, United Kingdom, RH10 9FZ.

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

1.1
Reporting period

The company has changed its accounting reference date to 31 March, to align with the tax year.

The current reporting period covers the 1 8 month period ended 31 March 2025. The prior reporting period covered the 12 month period ended 3 0 September 2023. Therefore, these financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, 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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

1.3
Going concern

At the period end the company had net current liabilities of £38,827 (2023 - £57,199). The members have confirmed that they will continue to support the company for the foreseeable future and have therefore prepared the accounts on a going concern basis.

1.4
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax. Revenue is recognised when the goods are despatched.

Rental income is recognised on an accruals basis over the period to which the rent relates.

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:

Improvements to property
20% on cost
Plant and equipment
at varying rates on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% on cost
TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.6
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price, after making due allowances for obsolete and slow moving items.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 period was:

March
September
2025
2023
Number
Number
Total
8
9
TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Improvements to property
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
3,447
903,812
31,632
190,594
1,129,485
Additions
3,340
15,310
1,042
80,748
100,440
Disposals
-
-
-
(61,045)
(61,045)
At 31 March 2025
6,787
919,122
32,674
210,297
1,168,880
Depreciation and impairment
At 1 October 2023
3,447
760,443
25,327
141,235
930,452
Depreciation charged in the period
278
34,377
2,246
31,308
68,209
Eliminated in respect of disposals
-
-
-
(46,649)
(46,649)
At 31 March 2025
3,725
794,820
27,573
125,894
952,012
Carrying amount
At 31 March 2025
3,062
124,302
5,101
84,403
216,868
At 30 September 2023
-
143,369
6,305
49,359
199,033
4
Debtors
March
September
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
156,606
239,613
Other debtors
7,375
8,040
163,981
247,653
5
Creditors: amounts falling due within one year
March
September
2025
2023
£
£
Bank loans and overdrafts
10,462
19,598
Trade creditors
170,014
232,868
Taxation and social security
7,899
6,918
Other creditors
41,210
56,020
229,585
315,404
TREETOP PRINTING & DESIGN LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due after more than one year
March
September
2025
2023
Notes
£
£
Bank loans and overdrafts
7
1,205
16,589
Obligations under finance leases
8
62,983
38,689
64,188
55,278
7
Loans and overdrafts
March
September
2025
2023
£
£
Bank loans
11,667
26,666
Bank overdrafts
-
9,521
11,667
36,187
Payable within one year
10,462
19,598
Payable after one year
1,205
16,589
8
Finance lease obligations
March
September
2025
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
10,859
20,330
Within two and five years
62,983
38,689
73,842
59,019

Finance lease creditors relating to hire purchase agreements are secured over the assets to which they relate.

9
Loans and other debts due to members

In the event of winding up the LLP any surplus of the LLP over its liabilities remaining at the conclusion of the winding up (after all money due to the creditors of the LLP and all expenses of the winding up) shall be payable by the liquidator to the Members, first in paying to the Members their capital contributions and secondly, in paying to the Members the balance remaining, in accordance with the respective proportions to which the Members would be entitled if they were all Outgoing Members.

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