REGISTERED NUMBER: OC359450 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

Shipton & Co. Jewellers LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J.P. Daly

The Lord May

REGISTERED OFFICE:

27 - 33 Spencer Street

Hockley

Birmingham

West Midlands

B18 6DL

REGISTERED NUMBER:

OC359450 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

CURRENT ASSETS

Debtors

5

17,460

72,157

Cash at bank and in hand

36,730

82,682

54,190

154,839

CREDITORS

Amounts falling due within one year

6

36,317

50,126

NET CURRENT ASSETS

17,873

104,713

TOTAL ASSETS LESS CURRENT LIABILITIES

17,873

104,713

CREDITORS

Amounts falling due after more than one year

7

25,003

31,880

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS

(7,130

)

72,833

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

209,447

222,013

MEMBERS' OTHER INTERESTS

Other reserves

(216,577

)

(149,180

)

(7,130

)

72,833

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

209,447

222,013

Members' other interests

(216,577

)

(149,180

)

(7,130

)

72,833

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:

The Lord May - Designated member

1.	STATUTORY INFORMATION

Shipton & Co. Jewellers 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.	STATEMENT OF COMPLIANCE

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. There we no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Divisible profits and members' remuneration

Members share of profits and losses which have not been allocated until after the balance sheet are treated in these financial statements as unallocated at the balance sheet date and included within equity reserves or deficit.

The cash flow requirement of the LLP are taken into account when assessing the level of drawings taken by members

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Accounting period

The LLP has extended its financial year-end therefore these financial statements are for a duration of fifteen months. Consequently, the results for the current period are not directly comparable with those of the previous year which covered twelve months.

4.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

-

625

Amounts owed by group undertakings

13,730

63,763

Other debtors

105

375

Prepayments and accrued income

3,625

7,394

17,460

72,157

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans and overdrafts

5,519

5,339

Trade creditors

3,125

3,533

Amounts owed to group undertakings

10,286

11,466

Social security and other taxes

12,964

22,115

Other creditors

73

3,573

Accruals and deferred income

4,350

4,100

36,317

50,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Bank loans - 2-5 years

23,470

22,750

Bank loans more 5 yr by instal

1,533

9,130

25,003

31,880

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,533

9,130

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due totalling £416,875 (2023 - £471,250).

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors. The legal opinion given in the appendix to the SORP, Accounting for Limited Liability Partnerships, is that members' other interests rank after unsecured creditors.

10.	CAPITAL COMMITMENTS

31.3.25

31.12.23

£

£

Contracted but not provided for in the

financial statements

-

-

11.	RELATED PARTY DISCLOSURES

In the year under review the Board passed a resolution to appropriate profits of £10,305 in respect of the previous period to members of the limited liability partnership.

12.	CONSIGNMENT STOCK

Shipton & Co Limited provides trading stock to Shipton & Co Jewellers LLP on a consignment basis. Shipton & Co. Jewellers LLP has the right to return stock held to Shipton & Co. Limited at any time and has not paid a deposit for the stock therefore the stock is considered an asset of the supplier and is not reflected in these financial statements.