Adam Yarnold LLP

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: OC453132

		31 March 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		250,305

			250,305
CURRENT ASSETS
Stocks		500
Debtors		1,356
Cash at bank and in hand		247,707

		249,563
Creditors: Amounts Falling Due Within One Year		(204,116 )

NET CURRENT ASSETS (LIABILITIES)			45,447

TOTAL ASSETS LESS CURRENT LIABILITIES			295,752

Creditors: Amounts Falling Due After More Than One Year			(4,400 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			291,352

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		102,870

			102,870

Equity
Members' other interests
Members' capital		188,482

			188,482

			291,352

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			102,870
Members' other interests			188,482

			291,352

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Adam Yarnold LLP

Abridged Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Adam Yarnold

Designated Member

30/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Adam Yarnold LLP is a limited liability partnership, incorporated in England & Wales, registered number OC453132 . The Registered Office is Four Yarns, Burford, Tenbury Wells, Worcestershire, WR15 8HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Adam Yarnold LLP

Notes to the Abridged Financial Statements (continued)

For the Period 1 October 2024 to 31 March 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL

4. Tangible Assets

	Total
	£
Cost
As at 1 October 2024	-
Additions	278,117

As at 31 March 2025	278,117

Depreciation
As at 1 October 2024	-
Provided during the period	27,812

As at 31 March 2025	27,812

Net Book Value
As at 31 March 2025	250,305

As at 1 October 2024	-

5. Obligations Under Finance Leases and Hire Purchase

	31 March 2025
	£
The future minimum finance lease payments are as follows:
Not later than one year	24,791
Later than one year and not later than five years	4,400

	29,191

	29,191

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