REGISTERED NUMBER: OC414990 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SMETHURST & CO LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr L A E Brown

REGISTERED OFFICE:

12 Abbey Road

GRIMSBY

DN32 0HL

REGISTERED NUMBER:

OC414990 (England and Wales)

FIXED ASSETS

Intangible assets

4

535,000

535,000

Tangible assets

5

9,347

8,648

544,347

543,648

CURRENT ASSETS

Debtors

781,087

747,733

Cash at bank and in hand

224,309

253,264

1,005,396

1,000,997

CREDITORS

Amounts falling due within one year

197,978

189,161

NET CURRENT ASSETS

807,418

811,836

TOTAL ASSETS LESS CURRENT LIABILITIES

1,351,765

1,355,484

CREDITORS

Amounts falling due after more than one year

142,840

213,058

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,208,925

1,142,426

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

1,108,925

1,042,426

MEMBERS' OTHER INTERESTS

Capital accounts

100,000

100,000

1,208,925

1,142,426

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,108,925

1,042,426

Members' other interests

100,000

100,000

1,208,925

1,142,426

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 December 2025 and were signed by:

Mr L A E Brown - Designated member

1.	STATUTORY INFORMATION

Smethurst & Co 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.

The financial statements have been compiled on a basis which provides sufficient and relevant information to enable the completion of a tax return.

Goodwill

Goodwill was acquired in 2017 for £535,000 and was being amortised over ten years. During 2022/23 goodwill was amended to reflect to changes in the partnership.

An impairment review is carried out annually at the reporting date by the members.

Tangible fixed assets

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

Fixtures and Fittings - 20% Straight Line

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.

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.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

535,000

NET BOOK VALUE

At 31 March 2025

535,000

At 31 March 2024

535,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

45,306

Additions

4,064

At 31 March 2025

49,370

DEPRECIATION

At 1 April 2024

36,658

Charge for year

3,365

At 31 March 2025

40,023

NET BOOK VALUE

At 31 March 2025

9,347

At 31 March 2024

8,648

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.03.25

31.03.24

£

£

Amounts owed to members

1,108,925

1,042,426

Falling due within one year

1,108,925

1,042,426

Amounts included in loans and other debts due to members would rank pari passu to other unsecured creditors in the event of a winding up.