REGISTERED NUMBER: OC317663 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AUSTINS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms L Farrow

Mr A Pratt

Mr J M Houghton

REGISTERED OFFICE:

175 High Street

Berkhamsted

Hertfordshire

HP4 3AP

REGISTERED NUMBER:

OC317663 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

2,841

3,683

CURRENT ASSETS

Stocks

36,215

70,247

Debtors

5

195,079

164,971

Cash at bank and in hand

7,326

20,753

238,620

255,971

CREDITORS

Amounts falling due within one year

6

151,585

136,472

NET CURRENT ASSETS

87,035

119,499

TOTAL ASSETS LESS CURRENT LIABILITIES

89,876

123,182

CREDITORS

Amounts falling due after more than one year

7

5,833

15,833

NET ASSETS ATTRIBUTABLE TO MEMBERS

84,043

107,349

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

84,043

107,349

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

84,043

107,349

Amounts due from members

5

(30,243

)

(20,127

)

53,800

87,222

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 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 26 November 2025 and were signed by:

Mr J M Houghton - Designated member

Mr A Pratt - Designated member

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance and 20% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

32,243

66,168

98,411

Additions

-

1,309

1,309

At 31 March 2025

32,243

67,477

99,720

DEPRECIATION

At 1 April 2024

30,579

64,149

94,728

Charge for year

488

1,663

2,151

At 31 March 2025

31,067

65,812

96,879

NET BOOK VALUE

At 31 March 2025

1,176

1,665

2,841

At 31 March 2024

1,664

2,019

3,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

89,977

78,290

Amounts due from members

30,243

20,127

Prepayments

74,859

66,554

195,079

164,971

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Loans

66,215

53,710

Trade creditors

4,024

14,462

Social security and other taxes

1,630

1,805

VAT

63,735

50,639

Former partners' current account

506

506

Accruals and deferred income

5,475

5,350

151,585

136,472

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,833

10,000

Bank loans - 2-5 years

-

5,833

5,833

15,833

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

30,416

28,791

Taxation provision accounts

53,627

78,558

84,043

107,349

Falling due within one year

84,043

107,349

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

9.	ULTIMATE CONTROLLING PARTY

The LLP has no individual controlling party. It is jointly controlled by the designated members.