REGISTERED NUMBER: OC351386 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Survey And Energy Centre LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A F Craig

A F Richardson

D Craig

REGISTERED OFFICE:

Albert House

Albert Drive

Gateshead

Tyne and Wear

NE9 6EH

REGISTERED NUMBER:

OC351386 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS

The designated members during the year under review were:

A F Craig

A F Richardson

D Craig

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £8,871 (2024 - £12,748 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A F Craig - Designated member

17 December 2025

TURNOVER

-

37,231

Cost of sales

-

25,720

GROSS PROFIT

-

11,511

Administrative expenses

8,538

23,612

OPERATING LOSS

4

(8,538

)

(12,101

)

Interest payable and similar expenses

333

647

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(8,871

)

(12,748

)

FIXED ASSETS

Tangible assets

5

9,240

9,720

Investments

6

-

6,200

9,240

15,920

CURRENT ASSETS

Debtors

7

-

8,409

Cash at bank

55,592

63,720

55,592

72,129

CREDITORS

Amounts falling due within one year

8

39,134

40,732

NET CURRENT ASSETS

16,458

31,397

TOTAL ASSETS LESS CURRENT LIABILITIES

25,698

47,317

CREDITORS

Amounts falling due after more than one year

9

1,961

8,509

NET ASSETS ATTRIBUTABLE TO MEMBERS

23,737

38,808

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

23,737

38,808

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

23,737

38,808

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 17 December 2025 and were signed by:

A F Craig - Designated member

1.	STATUTORY INFORMATION

Survey And Energy Centre 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.

Going concern

Notwithstanding the net liabilities of the limited liability partnership, the financial statements have been prepared on the going concern basis as the limited liability partnership will be provided with the ongoing support of the members' connected companies.

The members are confident that the limited liability partnership will continue in operational existence for the foreseeable future.The members are confident that the limited liability partnership has sufficient resources and the support of the connected entities available to continue trading through this period and for at least the next twelve months.

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.

Plant and machinery etc

-

25% on reducing balance per annum

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.

Members' participation rights

Members' participation 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).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.

Conversely, where profits are divided only after a decision by the LLP or its representative, so the LLP has an unconditional right to refuse payment, such profits are classed as equity rather than as liabilities. They are therefore shown as a residual amount available for discretionary division among members in arriving at the result for the year and are shown as appropriations of equity when they are allocated

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 1 ).

4.	OPERATING LOSS

The operating loss is stated after charging:

Period

31/12/22

Year Ended

to

31/3/25

31/3/24

£

£

Depreciation - owned assets

480

655

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

11,371

DEPRECIATION

At 1 April 2024

1,651

Charge for year

480

At 31 March 2025

2,131

NET BOOK VALUE

At 31 March 2025

9,240

At 31 March 2024

9,720

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

6,200

Disposals

(6,200

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

6,200

Unlisted investments represents an investment in Property Group Holdings Ltd of 6,200 ordinary shares of £1 each, representing an equity interest of less than 20%.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

5,922

Other debtors

-

2,487

-

8,409

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,368

7,368

Trade creditors

-

48

Amounts owed to associates

31,766

31,766

Other creditors

-

1,550

39,134

40,732

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,961

8,509

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in ''Loans and other debts due to members'' will rank equally with unsecured creditors.

11.	RELATED PARTY DISCLOSURES

At the year end date, the company owed the following:-

Amounts owed to related parties

2024 2022

£ £

Connected 31,766 31,766

These are related parties of the limited liability partnership as they are under the control of the members of the limited liability partnership.

The amounts outstanding are unsecured, non-interest bearing and will be settled in cash. No guarantees have been given.