REGISTERED NUMBER: OC436288 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

PETER HADDON AND PARTNERS LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R C MacNaughton

O C Bazeley

J C Landeman

REGISTERED OFFICE:

The Old Rectory

31 Rectory Lane

Milton Malsor

Northampton

NN7 3AQ

REGISTERED NUMBER:

OC436288 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Tangible assets

4

337,588

402,664

CURRENT ASSETS

Stocks

328,147

526,087

Debtors

5

1,311,406

855,478

Cash at bank and in hand

1,426,589

819,106

3,066,142

2,200,671

CREDITORS

Amounts falling due within one year

6

1,403,554

722,545

NET CURRENT ASSETS

1,662,588

1,478,126

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,000,176

1,880,790

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

2,000,176

1,880,790

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,000,176

1,880,790

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 5 April 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 19 December 2025 and were signed by:

R C MacNaughton - Designated member

O C Bazeley - Designated member

1.	STATUTORY INFORMATION

Peter Haddon And Partners 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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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.

Freehold property

-

20% on reducing balance

Fixtures and fittings

-

50% on reducing balance, 25% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The partners are required to assess whether there is an indication of impairment to the carrying value of

assets. In making that assessment, judgements are made in estimating value in use. The partners consider that the individual carrying values of assets are supportable by their value in use.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of

comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

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 year was 29 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 6 April 2024

115,676

166,481

311,999

594,156

Additions

2,673

45,974

-

48,647

Disposals

-

(25,366

)

-

(25,366

)

At 5 April 2025

118,349

187,089

311,999

617,437

DEPRECIATION

At 6 April 2024

33,517

85,661

72,314

191,492

Charge for year

16,610

36,052

59,921

112,583

Eliminated on disposal

-

(24,226

)

-

(24,226

)

At 5 April 2025

50,127

97,487

132,235

279,849

NET BOOK VALUE

At 5 April 2025

68,222

89,602

179,764

337,588

At 5 April 2024

82,159

80,820

239,685

402,664

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,130,466

635,121

Other debtors

-

5,700

Prepayments and accrued income

180,940

214,657

1,311,406

855,478

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

48,083

43,389

Social security and other taxes

29,353

34,018

VAT

315,796

231,500

Other creditors

995,660

404,219

Wages Creditor

-

(180

)

Accruals and deferred income

14,662

9,599

1,403,554

722,545

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The capital (whether classified as a liability or equity) of an LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.