REGISTERED NUMBER: OC382058 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stratas Business Solutions LLP

Page

General Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

D Wilson

M P Brown

A Hamer

M H Wells

REGISTERED OFFICE:

4 Greenfield Road

Holmfirth

HD9 2JT

REGISTERED NUMBER:

OC382058 (England and Wales)

ACCOUNTANTS:

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Langricks (Holmfirth) Limited

4 Greenfield Road

Holmfirth

West Yorkshire

HD9 2JT

23 December 2025

FIXED ASSETS

Tangible assets

4

2,039

8,743

CURRENT ASSETS

Debtors

5

1,421,485

2,302,926

Cash at bank and in hand

165,905

561,773

1,587,390

2,864,699

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

883,558

2,228,597

NET CURRENT ASSETS

703,832

636,102

TOTAL ASSETS LESS CURRENT LIABILITIES

705,871

644,845

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

25,000

125,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

680,871

519,845

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

680,871

519,845

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

680,871

519,845

Amounts due from members

5

(344,845

)

(1,331,240

)

336,026

(811,395

)

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.

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:

D Wilson - Designated member

M H Wells - Designated member

1.	STATUTORY INFORMATION

Stratas Business Solutions LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

20% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

40,454

Additions

2,360

Disposals

(40,454

)

At 31 March 2025

2,360

DEPRECIATION

At 1 April 2024

31,711

Charge for year

321

Eliminated on disposal

(31,711

)

At 31 March 2025

321

NET BOOK VALUE

At 31 March 2025

2,039

At 31 March 2024

8,743

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

778,199

Amounts owed by associates

877,870

-

Amounts due from members

344,845

1,331,240

Prepayments and accrued income

198,770

193,487

1,421,485

2,302,926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

100,000

100,000

Trade creditors

29,629

501,670

Social security and other taxes

1,267

18,016

VAT

3,748

131,973

Amounts due to members

-

764,936

Accruals and deferred income

748,914

712,002

883,558

2,228,597

The CBILS loan was taken out in May 2020. As with other loans of this nature, 80% of the loan is guaranteed by HM Government. The remaining 20% is secured by way of fixed and floating charges over all undertakings of the LLP. HM Government covered the first year's interest payments. The capital repayments on the loan began in July 2021 and the repayments are being made over a six year period. Interest is charged at 3% per annum.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

25,000

125,000

The bank loans of £25,000 (2024: £125,000) represent the long term element of the CBILS loan referred to in the previous note.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

9.	RELATED PARTY DISCLOSURES

During 2020, the LLP received a loan of £757,245 from A J Fitzpatrick. Interest of £25,873 (2024: £75,902) was charged on this loan during the year.

On 1 August 2024, the trade and some assets of the LLP were sold to a connected company for consideration of £1,400,000. Part of the consideration was paid by the transfer of the A J Fitzpartick loan of £757,245 to the connected company.

During the year to 31 March 2025 the LLP made loans of £1,118,854 to the connected company, of which £285,644 was repaid. The LLP invoiced the connected company £181,230 for management charges and disbursements. The LLP received £6,373 on behalf of the connected company. At 31 March 2025 the connected company owed the LLP £877,870, which is included in debtors.

.