Fox & Fox Mayfield LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC354574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

FOX & FOX MAYFIELD LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs J M M Fox

G I Fox

REGISTERED OFFICE:

8b Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

REGISTERED NUMBER:

OC354574 (England and Wales)

ACCOUNTANTS:

Waight & Company Ltd

Trading as WaightSharnock

8 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

128,844

125,774

CURRENT ASSETS

Stocks

32,490

Debtors

5

7,917

6,560

Cash at bank

44,346

8,427

84,753

47,477

CREDITORS

Amounts falling due within one year

6

5,332

10,942

NET CURRENT ASSETS

79,421

36,535

TOTAL ASSETS LESS CURRENT
LIABILITIES

208,265

162,309

CREDITORS

Amounts falling due after more than one year

7

966

5,035

NET ASSETS ATTRIBUTABLE TO
MEMBERS

207,299

157,274

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

207,299

157,274

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

207,299

157,274

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 12 December 2025 and were signed by:

G I Fox - Designated member

Mrs J M M Fox - Designated member

1.	STATUTORY INFORMATION

Fox & Fox Mayfield 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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Vines

-

Straight line over 15 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 6 April 2024

117,059

154,324

271,383

Additions

-

8,579

Disposals

-

(17,194

)

(17,194

)

At 5 April 2025

117,059

145,709

262,768

DEPRECIATION

At 6 April 2024

-

145,609

Charge for year

-

5,202

Eliminated on disposal

-

(16,887

)

(16,887

)

At 5 April 2025

-

133,924

NET BOOK VALUE

At 5 April 2025

117,059

11,785

128,844

At 5 April 2024

117,059

8,715

125,774

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Trade debtors

5,925

-

Other debtors

1,992

6,560

7,917

6,560

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

Bank loans and overdrafts

4,259

Trade creditors

338

91

Other creditors

735

6,592

5,332

10,942

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

5.4.25

5.4.24

£

Bank loans

966

5,035

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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