Davidson Eakins LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NC001725

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		104,533		41,058

			104,533		41,058
CURRENT ASSETS
Debtors	5	111,256		51,525
Cash at bank and in hand		48,662		51,786

		159,918		103,311
Creditors: Amounts Falling Due Within One Year	6	(27,532 )		(14,205 )

NET CURRENT ASSETS (LIABILITIES)			132,386		89,106

TOTAL ASSETS LESS CURRENT LIABILITIES			236,919		130,164

Creditors: Amounts Falling Due After More Than One Year	7		(86,697 )		(33,853 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			150,222		96,311

REPRESENTED BY:
Equity
Members' other interests
Other reserves		150,222		96,311

			150,222		96,311

TOTAL MEMBERS' INTEREST
Members' other interests			150,222		96,311

			150,222		96,311

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Davidson Eakins LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

The financial statements were approved by the members on 16 December 2025 and were signed on their behalf by:

Mr Daniel Davidson

Designated Member

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Davidson Eakins LLP is a limited liability partnership, incorporated in Northern Ireland, registered number NC001725 . The Registered Office is 21 Woburn Drive, Millisle, Newtownards, Down, BT22 2HU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

The level of rounding is to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Motor Vehicles	Straight line 20%
Computer Equipment	Straight line 20%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Financial Instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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Davidson Eakins LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current an prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	44,245	849	45,094
Additions	74,000	1,048	75,048

As at 31 March 2025	118,245	1,897	120,142

Depreciation
As at 1 April 2024	3,937	99	4,036
Provided during the period	11,316	257	11,573

As at 31 March 2025	15,253	356	15,609

Net Book Value
As at 31 March 2025	102,992	1,541	104,533

As at 1 April 2024	40,308	750	41,058

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	27,704	10,536
Other debtors	62,730	33,034
Other taxes and social security	20,822	7,955

	111,256	51,525

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	19,989	6,950
Trade creditors	6,751	4,915
Other creditors	792	2,340

	27,532	14,205

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Davidson Eakins LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	86,697	33,853

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	19,989	6,950
Later than one year and not later than five years	86,697	33,853

	106,686	40,803

	106,686	40,803

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