REGISTERED NUMBER: OC323034 (England and Wales)

Unaudited Financial Statements

for the Period 31st October 2023 to 31st March 2025

for

Field & Co LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr M L Field

Ms P G Field

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

OC323034 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

625,685

263,691

CURRENT ASSETS

Debtors

5

38,209

39,619

Cash at bank and in hand

172,882

221,413

211,091

261,032

CREDITORS

Amounts falling due within one year

6

239,687

188,420

NET CURRENT (LIABILITIES)/ASSETS

(28,596

)

72,612

TOTAL ASSETS LESS CURRENT LIABILITIES

597,089

336,303

CREDITORS

Amounts falling due after more than one year

7

255,967

45,512

NET ASSETS ATTRIBUTABLE TO MEMBERS

341,122

290,791

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

341,122

290,791

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

341,122

290,791

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 31st 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 9th August 2025 and were signed by:

Mr M L Field - Designated member

1.	STATUTORY INFORMATION

Field & Co 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.

Freehold property

-

not provided

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 7 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 31st October 2023

252,980

46,628

42,170

341,778

Additions

326,131

2,330

38,980

367,441

Disposals

-

-

(10,140

)

(10,140

)

At 31st March 2025

579,111

48,958

71,010

699,079

DEPRECIATION

At 31st October 2023

-

36,827

41,260

78,087

Charge for period

-

2,427

2,792

5,219

Eliminated on disposal

-

-

(9,912

)

(9,912

)

At 31st March 2025

-

39,254

34,140

73,394

NET BOOK VALUE

At 31st March 2025

579,111

9,704

36,870

625,685

At 30th October 2023

252,980

9,801

910

263,691

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

30/10/23

£

£

Trade debtors

38,209

39,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

30/10/23

£

£

Bank loans and overdrafts (see note 8)

29,059

40,495

Hire purchase contracts

4,359

-

Trade creditors

19,124

11,701

Taxation and social security

54,963

53,295

Other creditors

132,182

82,929

239,687

188,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

30/10/23

£

£

Bank loans (see note 8)

225,061

45,512

Hire purchase contracts

30,906

-

255,967

45,512

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

188,262

-

8.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

30/10/23

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

29,059

40,495

Amounts falling due between one and two years:

Bank loans - 1-2 years

17,333

23,479

Amounts falling due between two and five years:

Bank loans - 2-5 years

19,466

22,033

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

188,262

-

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31/3/25

30/10/23

£

£

Amounts owed to members in respect of profits

341,122

290,791

Falling due within one year

341,122

290,791

Loans and other debts due to members rank equally with debts to unsecured creditors in the event of a winding up. There is no provision for a specific legally enforceable protection afforded to creditors in such an event. There is no restriction or limitations on the ability of the members to reduce the amount of 'Member's other interests'