REGISTERED NUMBER: OC304106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

PLATT RUSHTON LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A P Mate

D A Sheekey

G M Powling

REGISTERED OFFICE:

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

OC304106 (England and Wales)

FIXED ASSETS

Intangible assets

4

135,570

135,570

Tangible assets

5

165,550

120,941

301,120

256,511

CURRENT ASSETS

Debtors

6

923,695

895,506

Cash at bank and in hand

17,254

877

940,949

896,383

CREDITORS

Amounts falling due within one year

7

411,012

284,796

NET CURRENT ASSETS

529,937

611,587

TOTAL ASSETS LESS CURRENT LIABILITIES

831,057

868,098

CREDITORS

Amounts falling due after more than one year

8

-

50,513

NET ASSETS ATTRIBUTABLE TO MEMBERS

831,057

817,585

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

821,057

807,585

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

10,000

831,057

817,585

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

821,057

807,585

Members' other interests

10,000

10,000

831,057

817,585

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 20 May 2025 and were signed by:

A P Mate - Designated member

1.	STATUTORY INFORMATION

Platt Rushton 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1989 is not being amortised as the members regard it as having an indefinite useful economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance, Straight line over 15 years and Straight line over 5 - 8 years

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2024 - 30 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

135,570

NET BOOK VALUE

At 5 April 2025

135,570

At 5 April 2024

135,570

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2024

309,638

Additions

85,222

Disposals

(11,245

)

At 5 April 2025

383,615

DEPRECIATION

At 6 April 2024

188,697

Charge for year

37,599

Eliminated on disposal

(8,231

)

At 5 April 2025

218,065

NET BOOK VALUE

At 5 April 2025

165,550

At 5 April 2024

120,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 6 April 2024

88,371

Additions

52,511

At 5 April 2025

140,882

DEPRECIATION

At 6 April 2024

36,755

Charge for year

27,200

At 5 April 2025

63,955

NET BOOK VALUE

At 5 April 2025

76,927

At 5 April 2024

51,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

659,035

591,499

Other debtors

264,660

304,007

923,695

895,506

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

158,994

60,857

Hire purchase contracts

74,473

8,918

Trade creditors

70,218

90,275

Taxation and social security

85,426

78,515

Other creditors

21,901

46,231

411,012

284,796

Included in Other Creditors is £ 1,076 ( 2023 - £ 85,800) due to M J Hallybone dec'd

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

14,167

Hire purchase contracts

-

36,346

-

50,513

Included in Other Creditors is £ Nil (2023 £ 26,274) due to M J Hallybone dec'd

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

50,857

Bank loans

158,994

24,167

158,994

75,024

HSBC Bank Overdraft and Loan are secured by a Fixed and Floating charge over the undertaking and all property and assets present and future

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, loans and other debts to members rank behind preferential and other debts.