REGISTERED NUMBER: OC443875 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

Heather & Bear Gift and Interior LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

Mr D J Flux

Mrs L J Flux

Miss A J Flux

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Registered number:

OC443875 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Fixed assets

Tangible assets

4

16,610

3,285

Current assets

Stocks

34,699

31,880

Debtors

5

1,053

2,591

Cash at bank and in hand

8,681

4,881

44,433

39,352

Creditors

Amounts falling due within one year

6

(4,942

)

(5,574

)

Net current assets

39,491

33,778

Total assets less current liabilities

and

Net assets attributable to members

56,101

37,063

Loans and other debts due to members

7

56,101

37,063

Total members' interests

Loans and other debts due to members

7

56,101

37,063

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 period 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:

Miss A J Flux - Designated member

1.	Statement of compliance

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.

2.	Accounting policies

Basis of preparing the financial statements

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.

Improvements to property

-

Straight line over 10 years

Fixtures and fittings

-

25% p.a. reducing balance

Computer equipment

-

20% p.a. 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.

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

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 period was 3 (2023 - 3 ) .

4.	Tangible fixed assets

Fixtures

Improvements

and

Computer

to property

fittings

equipment

Totals

£

£

£

£

Cost

At 1 October 2023

-

2,781

1,499

4,280

Additions

14,210

1,730

-

15,940

At 31 March 2025

14,210

4,511

1,499

20,220

Depreciation

At 1 October 2023

-

695

300

995

Charge for period

1,421

954

240

2,615

At 31 March 2025

1,421

1,649

540

3,610

Net book value

At 31 March 2025

12,789

2,862

959

16,610

At 30 September 2023

-

2,086

1,199

3,285

5.

Debtors: amounts falling due within one year

31.3.25

30.9.23

£

£

Trade debtors

-

2,124

Other debtors

1,053

467

1,053

2,591

6.

Creditors: amounts falling due within one year

31.3.25

30.9.23

£

£

Trade creditors

2,442

2,378

Taxation and social security

-

696

Other creditors

2,500

2,500

4,942

5,574

7.

Loans and other debts due to members

Loans and other debts due to members are payable after all other creditors of the LLP have been settled.