REGISTERED NUMBER: OC385282 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Charcroft Baker LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

10,000

Tangible assets

5

-

525

Investments

6

-

100

-

10,625

CURRENT ASSETS

Stocks

-

146,690

Debtors

7

96,798

151,761

Cash at bank

48,728

55,890

145,526

354,341

CREDITORS

Amounts falling due within one year

8

44,586

136,915

NET CURRENT ASSETS

100,940

217,426

TOTAL ASSETS LESS CURRENT LIABILITIES

100,940

228,051

CREDITORS

Amounts falling due after more than one year

9

-

11,667

NET ASSETS ATTRIBUTABLE TO MEMBERS

100,940

216,384

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

100,940

216,384

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

100,940

216,384

Amounts due from members

7

(986

)

-

99,954

216,384

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 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 30 December 2025 and were signed by:

M P Chaffe - Designated member

M Baker - Designated member

1.	STATUTORY INFORMATION

Charcroft Baker LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC385282

Registered office:

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

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.

Preparation of consolidated financial statements

The financial statements contain information about Charcroft Baker LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

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 represents the amount paid for the acquisition of part of the business. This goodwill is being written off over 10 years from 1st April 2016.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overhead.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

40,000

Charge for year

10,000

At 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

9,090

DEPRECIATION

At 1 April 2024

8,565

Charge for year

525

At 31 March 2025

9,090

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

525

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

100

Disposals

(100

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

84,739

109,549

Other debtors

12,059

42,212

96,798

151,761

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

32,115

35,872

Taxation and social security

1,553

54,969

Other creditors

10,918

36,074

44,586

136,915

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

11,667

10.

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.

11.	OTHER FINANCIAL COMMITMENTS

At the year end the partnership had total commitments under non-cancellable operating leases over the remaining life of those leases of £Nil (2024 - £44,502).