Registered No. OC343678 (England and Wales)
Gentle Mathias LLP
Unaudited accounts
for the year ended 31 March 2025
Gentle Mathias LLP
Statement of financial position
as at 31 March 2025
Tangible assets
16,175
25,278
Cash at bank and in hand
707,906
454,902
Creditors: amounts falling due within one year
(262,073)
(202,994)
Net current assets
963,206
714,464
Net assets attributable to members
979,381
739,742
Loans and other debts due to members
979,381
739,742
Loans and other debts due to members
979,381
739,742
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 8 December 2025.
Mr Robert Page
Designated member
Limited Liability Partnership Registration No. OC343678
Gentle Mathias LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for services net of VAT.
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amount chargeable to the clients.
Fee income that is contingent on events outside the control of the LLP is recognised when the contingent event occurs.
Members' participating interests
Members' participating rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Fixtures & fittings
20% reducing balance
Computer equipment
25% on cost
The limited liability partnership has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instruments.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Rental payable under operating leases are charged to the profit and loss account on a straight line basis over the life of the lease.
Gentle Mathias LLP
Notes to the Accounts
for the year ended 31 March 2025
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
The LLP holds Client monies in the client bank account which has not been stated in these accounts because they represents amounts not beneficially belonging to the LLP and are not included in the balance sheet.
Gentle Mathias LLP is a limited liability partnership, incorporated in England and Wales, registration number OC343678. Its registered office is 59 Charlotte Street, London, W1T 4PE.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
15,918
139,370
155,288
At 31 March 2025
15,918
139,370
155,288
At 1 April 2024
10,310
119,700
130,010
Charge for the year
1,592
7,511
9,103
At 31 March 2025
11,902
127,211
139,113
At 31 March 2025
4,016
12,159
16,175
At 31 March 2024
5,608
19,670
25,278
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
84,987
49,635
Taxes and social security costs
85,817
55,741
Other creditors
13,258
52,149
5
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
979,381
739,742
Amounts falling due within one year
979,381
739,742
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 11 (2024: 10).