Philip Harper LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC338200

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,276		20,020

			17,276		20,020
CURRENT ASSETS
Debtors	5	289,776		292,439
Investments	6	670,314		982,131
Cash at bank and in hand		1,113,483		693,027

		2,073,573		1,967,597
Creditors: Amounts Falling Due Within One Year	7	(234,971 )		(211,947 )

NET CURRENT ASSETS (LIABILITIES)			1,838,602		1,755,650

TOTAL ASSETS LESS CURRENT LIABILITIES			1,855,878		1,775,670

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,855,878		1,775,670

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		1,755,564		1,666,694

			1,755,564		1,666,694

Equity
Members' other interests
Revaluation reserve		100,314		108,976

			100,314		108,976

			1,855,878		1,775,670

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			1,755,564		1,666,694
Members' other interests			100,314		108,976

			1,855,878		1,775,670

Page 1

Page 2

Philip Harper LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

The financial statements were approved by the members on 22 December 2025 and were signed on their behalf by:

Mr Philip Harper

Designated Member

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Philip Harper LLP is a limited liability partnership, incorporated in England & Wales, registered number OC338200 . The Registered Office is Penn Barn, By the Pond, Elm Road, Penn, Buckinghamshire, HP10 8LB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% on cost and 20% on cost

2.4. Leasing and Hire Purchase Contracts

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

2.5. Current asset investments

Investments are included at cost and are revised to open market value where this differs significantly.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 8 (2024: 7)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	223,927
Additions	6,088
Disposals	(34,950 )

As at 31 March 2025	195,065

Depreciation
As at 1 April 2024	203,907
Provided during the period	(26,118 )

As at 31 March 2025	177,789

Net Book Value
As at 31 March 2025	17,276

As at 1 April 2024	20,020

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Page 4

Philip Harper LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	256,175	255,500
Other debtors	33,601	36,939

	289,776	292,439

6. Current Asset Investments

	31 March 2025	31 March 2024
	£	£
Short term deposits	670,314	982,131

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	18,004	22,768
Other taxes and social security	9,733	15,903
Other creditors	207,234	173,276

	234,971	211,947

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