Handley Roberts LLP Accounts






Handley Roberts LLP

	Registered No. OC383429
	Information for Filing with the Registrar
		31 March 2025

at	31 March 2025

Registered No.			OC383429	Notes	2025	2024
					£	£
Fixed assets

	Tangible assets			4	1	1


					1	1
Current assets
	Stocks			5	67,616	83,000
	Debtors			6	63,515	18,267

	Cash at bank and in hand				5,187	-
					136,318	101,267
Creditors: Amounts falling due within one year				7	(75,441)	(49,463)
Net current assets					60,877	51,804
Total assets less current liabilities					60,878	51,805
Creditors: Amounts falling due after more than one year				8	(1,100)	-

Net assets attributable to members					59,778	51,805

Represented by:

	Members' other interests
		Members' capital			65,426	58,390

		Other reserves			(5,648)	(6,585)
					59,778	51,805

					59,778	51,805



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the year ended 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) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 22 December 2025 and signed on its behalf by:
J.D. Shanks
Designated member
22 December 2025

for the year ended 31 March 2025

General information

Handley Roberts LLP is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC383429

Its registered office is:

1 The Courtyard

Chalvington

East Sussex

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Members' remuneration and division of profits

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Work in Progress

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

3	Employees
		2025	2024
		Number	Number

	The average number of persons employed during the year was:	1	1

4	Tangible fixed assets
		Fixtures, fittings and equipment	Total
		£	£
	Cost
	At 1 April 2024	54,025	54,025




	At 31 March 2025	54,025	54,025
	Depreciation
	At 1 April 2024	54,024	54,024




	At 31 March 2025	54,024	54,024
	Net book values
	At 31 March 2025	1	1
	At 31 March 2024	1	1

5	Stocks
		2025	2024
		£	£

	Work in progress	67,616	83,000

		67,616	83,000

6	Debtors
		2025	2024
		£	£
	Trade debtors	32,550	-



	Other debtors	30,965	18,267

		63,515	18,267

7	Creditors:
	amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	-	6,719




	Other taxes and social security	13,137	17,323
	Other creditors	20,604	25,420
	Accruals and deferred income	41,700	1
		75,441	49,463

8	Creditors:
	amounts falling due after more than one year
		2025	2024
		£	£





	Other creditors	1,100	-

		1,100	-

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.