J. Passey And Son LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC401704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

J. PASSEY AND SON LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

E J Saunders

Mrs C S Saunders

REGISTERED OFFICE:

Wessex Farm

Wantage Road

Great Shefford

Berkshire

RG17 7DQ

REGISTERED NUMBER:

OC401704 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

990,940

935,877

CURRENT ASSETS

Debtors

5

68,007

146,489

Cash at bank

153,319

40,241

221,326

186,730

CREDITORS

Amounts falling due within one year

6

72,439

121,514

NET CURRENT ASSETS

148,887

65,216

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,139,827

1,001,093

CREDITORS

Amounts falling due after more than one
year

7

21,265

49,095

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,118,562

951,998

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

581,107

414,543

MEMBERS' OTHER INTERESTS

Capital accounts

537,455

1,118,562

951,998

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

581,107

414,543

Members' other interests

537,455

1,118,562

951,998

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 31st 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 29th December 2025 and were signed by:

E J Saunders - Designated member

1.	STATUTORY INFORMATION

J. Passey And Son 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 each asset over its estimated useful life.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Fixtures

Totals

£

COST

At 1st April 2024

827,716

137,950

186,359

8,851

1,160,876

Additions

43,506

-

54,026

-

97,532

Disposals

-

(5,000

)

-

(5,000

)

At 31st March 2025

871,222

137,950

235,385

8,851

1,253,408

DEPRECIATION

At 1st April 2024

-

108,100

113,421

3,478

224,999

Charge for year

-

7,462

30,921

805

39,188

Eliminated on disposal

-

(1,719

)

-

(1,719

)

At 31st March 2025

-

115,562

142,623

4,283

262,468

NET BOOK VALUE

At 31st March 2025

871,222

22,388

92,762

4,568

990,940

At 31st March 2024

827,716

29,850

72,938

5,373

935,877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

46,585

68,670

Other debtors

21,422

77,819

68,007

146,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

22,000

Hire purchase contracts

6,903

8,483

Trade creditors

5,821

65,298

Taxation and social security

22,278

21,656

Other creditors

15,437

4,077

72,439

121,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

21,265

45,936

Hire purchase contracts

-

3,159

21,265

49,095

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.