L & R Bath LLP

(Registration number: OC403821)
Balance Sheet as at 31 March 2025

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

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. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and 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.

The financial statements of L & R Bath LLP (registered number OC403821) were approved by the Board and authorised for issue on 11 December 2025. They were signed on behalf of the limited liability partnership by:

......................................... F T Hobbs Designated member

......................................... K P Elliott Designated member

L & R Bath LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

L & R Bath LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the Limited Liability Partnership information page.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material depatures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Tunover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance Sheet date, completion of contractual obligations is dependant on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance Sheet date are carried forward as work in progress.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Computer equipment	- 25% on cost

Page 4

L & R Bath LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing

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

Members' participating interests

Members' participation rights are the rights of members against the LLP that arise under the Members' Agreement (for example, in respect of amount subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings of 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.

3	Employee information

The average number of persons employed by the limited liability partnership during the year was 0 (2024 - 0).

L & R Bath LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible fixed assets

	Computer equipment  £	Total £
Cost
At 1 April 2024	6,155	6,155
Additions	3,864	3,864
At 31 March 2025	10,019	10,019
Depreciation
At 1 April 2024	5,437	5,437
Charge for the year	1,039	1,039
At 31 March 2025	6,476	6,476
Net book value
At 31 March 2025	3,543	3,543
At 31 March 2024	718	718

5

Debtors

	2025 £	2024 £
Other debtors	306,757	331,658
Prepayments and accrued income	120,955	68,123
	427,712	399,781
Amounts falling due after more than one year:
Other debtors	(300,000)	(331,658)
	127,712	68,123

L & R Bath LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Creditors

	2025 £	2024 £
Bank loans and overdrafts	8,561	8,561
Trade creditors	4,355	3,658
Other creditors	108,305	72,174
Accruals and deferred income	8,238	5,710
Taxation and social security	-	10,287
	129,459	100,390

Due after one year	2025 £	2024 £
Bank loans and overdrafts	1,701	10,262

Included in bank loans is a combined balance of £10,262 (2024 - £18,823) which is guaranteed by the government and unsecured.