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REGISTERED NUMBER: OC308579
Anderson Ross LLP
Filleted Unaudited Financial Statements
31 December 2024
Anderson Ross LLP
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
88,055
71,218
Current assets
Stocks
22,400
24,200
Debtors
5
82,626
57,403
Cash at bank and in hand
7,275
29,254
---------
---------
112,301
110,857
Creditors: amounts falling due within one year
6
98,218
97,153
---------
---------
Net current assets
14,083
13,704
---------
--------
Total assets less current liabilities
102,138
84,922
Creditors: amounts falling due after more than one year
7
3,853
14,951
---------
--------
Net assets
98,285
69,971
---------
--------
Represented by:
Loans and other debts due to members
Other amounts
8
98,285
69,971
--------
--------
Members' other interests
Other reserves
–
–
--------
--------
98,285
69,971
--------
--------
Total members' interests
Loans and other debts due to members
8
98,285
69,971
Members' other interests
–
–
--------
--------
98,285
69,971
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the income statement has not been delivered.
For the year ending 31 December 2024 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) relating to small LLPs.
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 financial statements .
Anderson Ross LLP
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the members and authorised for issue on 26 September 2025 , and are signed on their behalf by:
PT Ten
Designated Member
Registered number: OC308579
Anderson Ross LLP
Notes to the Financial Statements
Year ended 31 December 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 22 West Green Road, N15 5NN, London.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 10 (2023: 6 ).
4.
Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 January 2024
142,872
11,325
154,197
Additions
32,400
–
32,400
---------
--------
---------
At 31 December 2024
175,272
11,325
186,597
---------
--------
---------
Depreciation
At 1 January 2024
71,856
11,123
82,979
Charge for the year
15,512
51
15,563
---------
--------
---------
At 31 December 2024
87,368
11,174
98,542
---------
--------
---------
Carrying amount
At 31 December 2024
87,904
151
88,055
---------
--------
---------
At 31 December 2023
71,016
202
71,218
---------
--------
---------
5.
Debtors
2024
2023
£
£
Other debtors
82,626
57,403
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
98,218
97,153
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
3,853
14,951
-------
--------
8.
Loans and other debts due to members
2024
2023
£
£
Amounts owed to members in respect of profits
98,285
69,971
--------
--------