REGISTERED NUMBER: OC398777 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Mount & Minster LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R A Wyrley - Birch

J A C Ward

REGISTERED OFFICE:

Atton Place

32 Eastgate

Lincoln

Lincolnshire

LN2 1QA

REGISTERED NUMBER:

OC398777 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Intangible assets

4

203,437

209,250

Tangible assets

5

11,317

13,051

214,754

222,301

CURRENT ASSETS

Debtors

6

104,434

114,054

Cash at bank

65,207

45,449

169,641

159,503

CREDITORS

Amounts falling due within one year

7

134,766

131,202

NET CURRENT ASSETS

34,875

28,301

TOTAL ASSETS LESS CURRENT LIABILITIES

249,629

250,602

CREDITORS

Amounts falling due after more than one year

8

-

18,801

NET ASSETS ATTRIBUTABLE TO MEMBERS

249,629

231,801

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

249,629

231,801

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

249,629

231,801

Amounts due from members

6

(34,357

)

(8,337

)

215,272

223,464

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 28 December 2025 and were signed by:

R A Wyrley - Birch - Designated member

J A C Ward - Designated member

1.	STATUTORY INFORMATION

Mount & Minster 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of forty years.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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.

Government grants

Government grants are treated on an accruals basis. Grants in relation to Covid grant funding are recognised as part of grant income in the profit and loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

232,500

AMORTISATION

At 6 April 2024

23,250

Charge for year

5,813

At 5 April 2025

29,063

NET BOOK VALUE

At 5 April 2025

203,437

At 5 April 2024

209,250

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 6 April 2024

11,953

18,554

30,507

Additions

125

208

333

At 5 April 2025

12,078

18,762

30,840

DEPRECIATION

At 6 April 2024

6,878

10,578

17,456

Charge for year

776

1,291

2,067

At 5 April 2025

7,654

11,869

19,523

NET BOOK VALUE

At 5 April 2025

4,424

6,893

11,317

At 5 April 2024

5,075

7,976

13,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,527

100,689

Other debtors

38,907

13,365

104,434

114,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,999

39,662

Taxation and social security

113,101

80,018

Other creditors

3,666

11,522

134,766

131,202

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

18,801

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bounce Back Loan

-

22,908

The Bounce Back Loan scheme is secured by a guarantee from the Government, in which the Government guarantees the repayment of the loan if the client was to default on this loan.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

249,629

231,801

Falling due within one year

249,629

231,801

Loans to members rank equally to other creditors.

11.	ULTIMATE CONTROLLING PARTY

No one member controls the LLP.