REGISTERED NUMBER: OC423529 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

EARLSGATE MLG LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs K L Flowers

Mr G J Flowers

REGISTERED OFFICE:

5 The Quadrant

Coventry

United Kingdom

CV1 2EL

REGISTERED NUMBER:

OC423529 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of general consultancy advice, HR and insolvency support for the leisure industry.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs K L Flowers

Mr G J Flowers

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £9,323 (2024 - £36,853 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr G J Flowers - Designated member

10 December 2025

TURNOVER

156,022

90,690

Cost of sales

7,344

4,327

GROSS PROFIT

148,678

86,363

Administrative expenses

136,097

112,401

OPERATING PROFIT/(LOSS)

4

12,581

(26,038

)

Interest payable and similar expenses

21,904

10,815

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(9,323

)

(36,853

)

FIXED ASSETS

Intangible assets

5

28,333

35,416

Tangible assets

6

59,302

79,474

87,635

114,890

CURRENT ASSETS

Debtors

7

193,581

121,423

Cash at bank and in hand

8,769

30,063

202,350

151,486

CREDITORS

Amounts falling due within one year

8

181,637

124,778

NET CURRENT ASSETS

20,713

26,708

TOTAL ASSETS LESS CURRENT LIABILITIES

108,348

141,598

CREDITORS

Amounts falling due after more than one year

9

108,348

139,112

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

2,486

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

-

2,486

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

-

2,486

Amounts due from members

7

(150,237

)

(100,712

)

(150,237

)

(98,226

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 10 December 2025 and were signed by:

Mr G J Flowers - Designated member

1.	STATUTORY INFORMATION

Earlsgate Mlg LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% Straight line

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 1 ).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

Period

1/8/23

Year ended

to

31/3/25

31/3/24

£

£

Depreciation - owned assets

20,589

14,742

Goodwill amortisation

7,083

7,084

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

70,833

AMORTISATION

At 1 April 2024

35,417

Amortisation for year

7,083

At 31 March 2025

42,500

NET BOOK VALUE

At 31 March 2025

28,333

At 31 March 2024

35,416

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

915

110,540

5,393

116,848

Additions

-

-

417

417

At 31 March 2025

915

110,540

5,810

117,265

DEPRECIATION

At 1 April 2024

92

34,454

2,828

37,374

Charge for year

123

19,022

1,444

20,589

At 31 March 2025

215

53,476

4,272

57,963

NET BOOK VALUE

At 31 March 2025

700

57,064

1,538

59,302

At 31 March 2024

823

76,086

2,565

79,474

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

42,903

20,711

Other debtors

150,678

100,712

193,581

121,423

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

3,010

17,091

Amounts owed to group undertakings

62,758

45,358

Taxation and social security

16,036

4,440

Other creditors

89,833

47,889

181,637

124,778

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

Other creditors

106,681

127,445

108,348

139,112

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.