LCPAccounting LLP Accounts






LCPAccounting LLP

	Registered No. OC400346
	Information for Filing with the Registrar
		31 March 2025

at	31 March 2025

Registered No.		OC400346	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		5	(1)	6,934
	Tangible assets		6	772	1,268


				771	8,202
Current assets

	Debtors		7	26,100	23,639

	Cash at bank and in hand			25,234	39,685
				51,334	63,324
Creditors: Amounts falling due within one year			8	(22,889)	(21,275)
Net current assets				28,445	42,049
Total assets less current liabilities				29,216	50,251


Net assets attributable to members				29,216	50,251

Represented by:
	Loans and other debts due to members			29,216	50,251
	Members' other interests





				29,216	50,251



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 31 March 2025 and signed on its behalf by:
L. Chuter
Designated member
31 March 2025

for the year ended 31 March 2025

General information

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

Its registered number is: OC400346

Its registered office is:

The Rectory Rooms

Glaston Hill Road

Eversley

Hants

RG27 0LX

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.

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'.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles

25% Straight Line

Furniture, fittings and equipment

25% Straight Line

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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

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.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Information in relation to members
		2025	2024
		Number	Number
	The average number of members during the year :	2	2

4	Employees
		2025	2024
		Number	Number

	The average number of persons employed during the year was:	3	3

5	Intangible fixed assets
		Goodwill	Total
		£	£
	Cost
	At 1 April 2024	69,346	69,346


	At 31 March 2025	69,346	69,346
	Amortisation
	At 1 April 2024	62,412	62,412
	Charge for the year	6,935	6,935


	At 31 March 2025	69,347	69,347
	Net book values
	At 31 March 2025	(1)	(1)
	At 31 March 2024	6,934	6,934

6	Tangible fixed assets
		Motor vehicles	Fixtures, fittings and equipment	Total
		£	£	£
	Cost
	At 1 April 2024	26,600	7,242	33,842
	Additions	-	315	315



	At 31 March 2025	26,600	7,557	34,157
	Depreciation
	At 1 April 2024	26,600	5,974	32,574
	Charge for the year	-	811	811



	At 31 March 2025	26,600	6,785	33,385
	Net book values
	At 31 March 2025	-	772	772
	At 31 March 2024	-	1,268	1,268

7	Debtors
		2025	2024
		£	£
	Trade debtors	18,005	18,220




	Prepayments and accrued income	8,095	5,419
		26,100	23,639

8	Creditors:
	amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	-	-


	Trade creditors	1,531	2,885

	Other taxes and social security	18,496	16,099

	Accruals and deferred income	2,862	2,291
		22,889	21,275

9	Loans and other debts due to members
		2025	2024
		£	£



	Amounts due to members in respect of profits	29,216	50,251
		29,216	50,251

	Amounts falling due within one year	29,216	-

		29,216	50,251