REGISTERED NUMBER: OC302708 (England and Wales)

ABRAXAS (UK) LLP

Unaudited Financial Statements

for the Year Ended 5 April 2025

Page

General Information

1

Balance Sheet

2

to

4

Notes to the Financial Statements

5

to

7

Designated members:

Mrs S E George

Ms H M Sparrow

Abraxas Cookshop (Northampton) Limited

Abraxascookshop Limited

Registered office:

A5, Heart of the Shires

Shopping Village

Watling Street

Weedon

Northamptonshire

NN7 4LB

Registered number:

OC302708 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

25,253

31,550

CURRENT ASSETS

Stocks

205,216

192,552

Debtors

5

376,595

333,662

Cash at bank and in hand

615

486

582,426

526,700

CREDITORS

Amounts falling due within one year

6

425,123

335,700

NET CURRENT ASSETS

157,303

191,000

TOTAL ASSETS LESS CURRENT LIABILITIES

182,556

222,550

CREDITORS

Amounts falling due after more than one year

7

2,222

11,667

NET ASSETS ATTRIBUTABLE TO MEMBERS

180,334

210,883

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

40,334

70,883

MEMBERS' OTHER INTERESTS

Capital accounts

140,000

140,000

180,334

210,883

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

40,334

70,883

Members' other interests

140,000

140,000

Amounts due from members

5

(371,818

)

(330,162

)

(191,484

)

(119,279

)

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 5 April 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 December 2025 and were signed by:

Mrs S E George - Designated member

1.	STATUTORY INFORMATION

Abraxas (UK) 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.

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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 31 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 6 April 2024

and 5 April 2025

185,323

Depreciation

At 6 April 2024

153,773

Charge for year

6,297

At 5 April 2025

160,070

Net book value

At 5 April 2025

25,253

At 5 April 2024

31,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

376,595

333,662

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

43,507

55,649

Hire purchase contracts

-

1,944

Trade creditors

260,842

238,153

Taxation and social security

41,195

21,288

Other creditors

79,579

18,666

425,123

335,700

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

2,222

11,667

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

40,334

70,883

Falling due within one year

40,334

70,883

Loans and other debts due to members rank equally with other unsecured debts in the event of a winding up.