Registered No. OC338405 (England and Wales)
M R Horn & Partners LLP
Unaudited accounts
for the year ended 30 April 2025
M R Horn & Partners LLP
LLP Information
for the year ended 30 April 2025
Designated members
Mrs Jacqueline Heather Horn
Registered Number
OC338405 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
Accountants
H W Martin & Co LLP
Lloyds Bank Chambers
High Street
Crediton
Devon
EX17 3AH
M R Horn & Partners LLP
Statement of financial position
as at 30 April 2025
Intangible assets
15,300
20,400
Tangible assets
340,384
334,809
Investment property
593,687
-
Creditors: amounts falling due within one year
(542,197)
(532,881)
Net current liabilities
(119,900)
(86,550)
Total assets less current liabilities
829,471
268,659
Creditors: amounts falling due after more than one year
(243,110)
(94,385)
Net assets attributable to members
586,361
174,274
Loans and other debts due to members
271,645
(140,442)
Members' capital classified as equity
314,716
314,716
Loans and other debts due to members
271,645
(140,442)
Members' other interests
314,716
314,716
For the year ending 30 April 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 12 December 2025.
Mr Martyn Raymond Horn
Designated member
Limited Liability Partnership Registration No. OC338405
M R Horn & Partners LLP
Notes to the Accounts
for the year ended 30 April 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
M R Horn & Partners LLP is a limited liability partnership, incorporated in England and Wales, registration number OC338405. Its registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
3
Intangible fixed assets
Goodwill
M R Horn & Partners LLP
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
302,558
58,160
81,476
442,194
Additions
12,025
-
-
12,025
At 30 April 2025
314,583
58,160
81,476
454,219
At 1 May 2024
-
40,265
67,120
107,385
Charge for the year
-
1,569
4,881
6,450
At 30 April 2025
-
41,834
72,001
113,835
At 30 April 2025
314,583
16,326
9,475
340,384
At 30 April 2024
302,558
17,895
14,356
334,809
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
167,182
134,861
Trade creditors
84,662
160,379
Other creditors
288,462
235,750
7
Creditors: amounts falling due after more than one year
2025
2024
8
Loans and other debts due to members
2025
2024
Loans from members
271,645
(140,442)
Amounts falling due within one year
271,645
(140,442)
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
9
Average number of employees
During the year the average number of employees was 0 (2024: 8).