The Laurel Partnership Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08067380

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		8,000
Tangible Assets	5		343,915		299,851

			343,915		307,851
CURRENT ASSETS
Stocks	6	28,445		43,966
Debtors	7	151,214		88,499
Cash at bank and in hand		-		10,427

		179,659		142,892
Creditors: Amounts Falling Due Within One Year	8	(167,985 )		(120,715 )

NET CURRENT ASSETS (LIABILITIES)			11,674		22,177

TOTAL ASSETS LESS CURRENT LIABILITIES			355,589		330,028

Creditors: Amounts Falling Due After More Than One Year	9		(226,715 )		(231,268 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,759 )		(8,118 )

NET ASSETS			107,115		90,642

CAPITAL AND RESERVES
Called up share capital	10		80		80
Share premium account			50,000		50,000
Revaluation reserve	11		78,120		33,120
Capital redemption reserve			20		20
Profit and Loss Account			(21,105 )		7,422

SHAREHOLDERS' FUNDS			107,115		90,642

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The Laurel Partnership Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Aldous

Director

15/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Laurel Partnership Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08067380 . The registered office is 16 Broad Street, Eye, Suffolk, IP23 7AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is the revenue earned from the rendering of accoutancy and advisory services.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Revaluation
Leasehold	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Work-in-progress is reflected in the accounts on a client by client basis by recording turnover and related costs as client activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 11)

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The Laurel Partnership Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	80,000

As at 31 March 2025	80,000

Amortisation
As at 1 April 2024	72,000
Provided during the period	8,000

As at 31 March 2025	80,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	8,000

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	290,000	28,922	10,809	329,731
Additions	-	-	2,036	2,036
Revaluation	45,000	-	-	45,000

As at 31 March 2025	335,000	28,922	12,845	376,767

Depreciation
As at 1 April 2024	-	22,291	7,589	29,880
Provided during the period	-	1,658	1,314	2,972

As at 31 March 2025	-	23,949	8,903	32,852

Net Book Value
As at 31 March 2025	335,000	4,973	3,942	343,915

As at 1 April 2024	290,000	6,631	3,220	299,851

6. Stocks

	2025	2024
	£	£
Work in progress	28,445	43,966

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The Laurel Partnership Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	140,445	78,499
Other debtors	10,769	10,000

	151,214	88,499

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	58,179	1,106
Bank loans and overdrafts	27,560	21,017
Corporation tax	24,463	35,512
Other taxes and social security	7,026	3,350
VAT	48,530	24,474
Other creditors	2,227	1,206
Directors' loan accounts	-	1,819
Amounts owed to associates	-	32,231

	167,985	120,715

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	126,715	131,268
Amounts owed to parent undertaking	100,000	100,000

	226,715	231,268

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	80	80

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The Laurel Partnership Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	33,120
Transfer to profit and loss	45,000

As at 31 March 2025	78,120

The freehold property occupied by the company is revalued annual to market value with the movement recognised in revaluation reserves.

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