REGISTERED NUMBER: OC332757 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

RUSSELL & CO PARTNERSHIP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Russell

B Russell

REGISTERED OFFICE:

Station House

Station Approach

East Horsley

Surrey

KT24 6QX

REGISTERED NUMBER:

OC332757 (England and Wales)

ACCOUNTANTS:

Russell & Co

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

CURRENT ASSETS

Debtors

5

202,968

197,158

Cash at bank

66,223

52,319

269,191

249,477

CREDITORS

Amounts falling due within one year

6

102,777

73,647

NET CURRENT ASSETS

166,414

175,830

TOTAL ASSETS LESS CURRENT LIABILITIES

166,414

175,830

CREDITORS

Amounts falling due after more than one year

7

8,668

19,097

NET ASSETS ATTRIBUTABLE TO MEMBERS

157,746

156,733

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

157,746

156,733

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

157,746

156,733

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 31 December 2025 and were signed by:

A Russell - Designated member

1.	STATUTORY INFORMATION

Russell & Co Partnership 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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 10% on cost

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 year was NIL (2024 - 11 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

61,476

DEPRECIATION

At 1 April 2024

and 31 March 2025

61,476

NET BOOK VALUE

At 31 March 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

202,968

197,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14

14

Trade creditors

819

817

Taxation and social security

52,544

23,416

Other creditors

49,400

49,400

102,777

73,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,668

19,097

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,668

19,097

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind other creditors