R & S Parry LLP - LLP accounts 24.3

REGISTERED NUMBER: OC373682 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

R & S PARRY LLP

Page

General Information

1

Report of the Members

2

Report of the Accountants

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

R J Parry

Mrs S A Parry

REGISTERED OFFICE:

55 East Street

Faversham

Kent

ME13 8AF

REGISTERED NUMBER:

OC373682 (England and Wales)

ACCOUNTANTS:

Kemp Carr Brown & Co.

55 East Street

Faversham

Kent

ME13 8AF

BANKERS:

Barclays

4 Court Street

Faversham

Kent

ME13 7AN

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of building contractors.

DESIGNATED MEMBERS

The designated members during the year under review were:

R J Parry

Mrs S A Parry

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £71,057 (2024 - £130,842 profit).

MEMBERS' INTERESTS

Members are required to contribute capital to the LLP. Capital requirements are agreed by the members and reviewed regularly. On retirement members' capital accounts are to be repaid immediately or over such period as decided by mutual agreement.

Members can receive periodic drawings during the financial year, representing payments in respect of profit allocated to them. The amount of such drawings is decided taking into account the anticipated cash needs of the LLP. The profit distributed to members is discretionary and these amounts have been disclosed in the financial statements under the heading 'Profit for the financial year available for discretionary division among members'.

On retirement current accounts are repaid over a period decided by mutual agreement.

During the financial year there were no transfers of members' interests from capital to debt.

ON BEHALF OF THE MEMBERS:

R J Parry - Designated member

30 December 2025

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 pages four to nine 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.

Kemp Carr Brown & Co.

55 East Street

Faversham

Kent

ME13 8AF

9 January 2026

TURNOVER

269,176

1,107,907

Cost of sales

169,767

969,291

GROSS PROFIT

99,409

138,616

Administrative expenses

26,247

6,973

OPERATING PROFIT

4

73,162

131,643

Interest receivable and similar income

2

-

73,164

131,643

Interest payable and similar expenses

2,107

801

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

71,057

130,842

FIXED ASSETS

Tangible assets

5

5,317

6,701

CURRENT ASSETS

Stocks

2,500

Debtors

6

46,673

116,809

Cash at bank

72

70

49,245

119,379

CREDITORS

Amounts falling due within one year

7

32,008

103,382

NET CURRENT ASSETS

17,237

15,997

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,554

22,698

CREDITORS

Amounts falling due after more than
one year

8

2,380

12,698

NET ASSETS ATTRIBUTABLE TO
MEMBERS

20,174

10,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

20,174

10,000

TOTAL MEMBERS' INTERESTS

Loans and other debts due to
members

20,174

10,000

Amounts due from members

6

(46,673

)

(110,445

)

(26,499

)

(100,445

)

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30 December 2025 and were signed by:

R J Parry - Designated member

Mrs S A Parry - Designated member

1.	STATUTORY INFORMATION

R & S Parry 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - 2 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

1,773

5,098

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

-

63,764

9,199

72,963

Additions

389

-

389

At 31 March 2025

389

63,764

9,199

73,352

DEPRECIATION

At 1 April 2024

-

61,328

4,934

66,262

Charge for year

98

609

1,066

1,773

At 31 March 2025

98

61,937

6,000

68,035

NET BOOK VALUE

At 31 March 2025

291

1,827

3,199

5,317

At 31 March 2024

-

2,436

4,265

6,701

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

3,200

Amounts due from members

46,673

110,445

Other debtors

-

1,828

Prepayments

-

1,336

46,673

116,809

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

26,132

14,909

Payments on account

-

36,823

Trade creditors

(1

)

34,872

VAT

3,377

9,078

Other creditors

-

5,200

Accrued expenses

2,500

32,008

103,382

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

2,380

12,698