REGISTERED NUMBER: OC326489 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

MICHAEL EYRES PARTNERSHIP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P A Douglas

N C Slack

M J Twigger

REGISTERED OFFICE:

208/210 Keighley Road

Bradford

BD9 4JZ

REGISTERED NUMBER:

OC326489 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

4

94,934

55,195

CURRENT ASSETS

Debtors

5

191,398

194,984

Cash at bank

284,901

304,286

476,299

499,270

CREDITORS

Amounts falling due within one year

6

203,650

67,580

NET CURRENT ASSETS

272,649

431,690

TOTAL ASSETS LESS CURRENT LIABILITIES

367,583

486,885

CREDITORS

Amounts falling due after more than one year

7

-

1,174

NET ASSETS ATTRIBUTABLE TO MEMBERS

367,583

485,711

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

367,583

485,711

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

367,583

485,711

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 15 December 2025 and were signed by:

N C Slack - Designated member

1.	STATUTORY INFORMATION

Michael Eyres Partnership 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.

Technical equipment

20%

-

of cost

Office furniture and equipment

15%

-

of net book amount

Motor vehicles

25%

-

of cost or net book amount

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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation

The tax payable on the profits of the limited liability partnership is the liability of the individual members. An amount is retained from each member to cover the members' estimated liability for income tax and social security contributions on their profit share. The amounts retained from allocated profits are shown as a separate component of 'loans and other debts due to members'.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

furniture

Technical

and

Motor

equipment

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

64,701

18,636

101,404

184,741

Additions

3,501

1,618

59,999

65,118

Disposals

-

-

(14,970

)

(14,970

)

At 31 March 2025

68,202

20,254

146,433

234,889

DEPRECIATION

At 1 April 2024

57,997

16,726

54,823

129,546

Charge for year

2,075

412

19,339

21,826

Eliminated on disposal

-

-

(11,417

)

(11,417

)

At 31 March 2025

60,072

17,138

62,745

139,955

NET BOOK VALUE

At 31 March 2025

8,130

3,116

83,688

94,934

At 31 March 2024

6,704

1,910

46,581

55,195

Motor vehicles with a total net book amount of £7,748 (2024 - £10,331) are held under hire purchase contracts. Total depreciation charged in respect of these vehicles for the year amounted to £2,583 (2024 - £6,105).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

146,015

112,514

Due from former member

4,079

4,079

Accrued income

30,000

63,898

Prepayments

11,304

14,493

191,398

194,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,174

3,395

Trade creditors

909

2,037

Social security and other taxes

58,118

54,977

Amounts owed to former members

136,409

825

Accruals and deferred income

7,040

6,346

203,650

67,580

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

1,174

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

284,820

483,744

Taxation provision accounts

82,763

1,967

367,583

485,711

Falling due within one year

367,583

485,711

Members' capital classified as a liability is unsecured and ranks equally with debts owed to other unsecured creditors.

9.	ULTIMATE CONTROLLING PARTY

In the opinion of the members there is no controlling party.