REGISTERED NUMBER: OC360911 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2024 to 31 March 2025

for

BILBO LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr W A M Breckenridge

Ms S C Fish

REGISTERED OFFICE:

58 Heathwood Rd

Cardiff

CF14 4JP

REGISTERED NUMBER:

OC360911 (England and Wales)

ACCOUNTANTS:

Advantage Accountancy & Advisory Ltd

Avalon House

5-7 Cathedral Road

Cardiff

CF11 9HA

FIXED ASSETS

Tangible assets

4

2,202

2,753

CURRENT ASSETS

Debtors

5

36,296

32,402

Cash at bank

62

32

36,358

32,434

CREDITORS

Amounts falling due within one year

6

20,056

12,412

NET CURRENT ASSETS

16,302

20,022

TOTAL ASSETS LESS CURRENT LIABILITIES

18,504

22,775

CREDITORS

Amounts falling due after more than one year

7

18,504

22,775

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

5

(36,297

)

(32,401

)

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 period 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 23 December 2025 and were signed by:

Mr W A M Breckenridge - Designated member

1.	STATUTORY INFORMATION

Bilbo 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 March 2025

7,811

DEPRECIATION

At 1 February 2024

5,058

Charge for period

551

At 31 March 2025

5,609

NET BOOK VALUE

At 31 March 2025

2,202

At 31 January 2024

2,753

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts due from members

36,297

32,402

36,297

32,402

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,551

3,551

Taxation and social security

12,935

7,481

Other creditors

3,570

1,380

20,056

12,412

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

18,504

22,775