REGISTERED NUMBER: OC335520 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

A & M ARCHITECTURAL PARTNERSHIP LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

T Foster

A & M Assets LLP

S J Morgan

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

OC335520 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of architectural services.

DESIGNATED MEMBERS

The designated members during the year under review were:

G Lea

T Foster

A & M Assets LLP

S J Morgan

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £206,076 (2024 - £33,505 loss).

MEMBERS' INTERESTS

The policies regarding the allocation of profits to members, drawings and the subscription and repayment of members' capital are disclosed in the accounting policies, note 1 of the financial statements.

The members' interests are disclosed in the notes to the financial statements.

ON BEHALF OF THE MEMBERS:

A & M Assets LLP - Designated member

16 December 2025

TURNOVER

1,351,257

1,579,397

Cost of sales

(1,091,437

)

(1,245,334

)

GROSS PROFIT

259,820

334,063

Administrative expenses

(472,174

)

(371,620

)

(212,354

)

(37,557

)

Other operating income

550

-

OPERATING LOSS

4

(211,804

)

(37,557

)

Interest receivable and similar income

5,728

4,052

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(206,076

)

(33,505

)

FIXED ASSETS

Intangible assets

5

487,500

712,500

Tangible assets

6

8,325

12,395

495,825

724,895

CURRENT ASSETS

Debtors

7

458,021

495,553

Cash at bank and in hand

453,658

617,745

911,679

1,113,298

CREDITORS

Amounts falling due within one year

8

821,105

921,180

NET CURRENT ASSETS

90,574

192,118

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

586,399

917,013

LOANS AND OTHER DEBTS DUE TO MEMBERS

298

8,122

MEMBERS' OTHER INTERESTS

Capital accounts

911,101

1,008,891

Other reserves

(325,000

)

(100,000

)

586,399

917,013

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

298

8,122

Members' other interests

586,101

908,891

586,399

917,013

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2025 and were signed by:

A & M Assets LLP - Designated member

S J Morgan - Designated member

1.	STATUTORY INFORMATION

A & M Architectural 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.

In preparing the financial statements, the members are required to make an assessment of the ability of the to LLP continue as a going concern. The members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements. The members have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the LLP.

On the basis of this consideration, the members are confident that the LLP has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts when turnover is recognised when the company receives the right to consideration.

Goodwill

Goodwill represents the amount paid in connection with the acquisition of a business in 2022 and is being amortised over its economic life of 5 years from 1 April 2023.

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 cost and 25% on reducing balance

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.

Capital subscription and repayments

The capital requirements of the partnership are determined from time to time by the Designated Members. No interest is paid on capital.

Allocation of profits and drawings

The allocation of profits to those who were members during the year is made by unanimous vote of the Designated Members.

During the year members draw sums as agreed by the Designated Members, taking into account the partnership's cash requirements for operating and investing activities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 15 ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

5,218

8,295

Goodwill amortisation

225,000

100,000

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

812,500

AMORTISATION

At 1 April 2024

100,000

Charge for year

225,000

At 31 March 2025

325,000

NET BOOK VALUE

At 31 March 2025

487,500

At 31 March 2024

712,500

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

39,006

41,156

80,162

Additions

1,148

-

1,148

At 31 March 2025

40,154

41,156

81,310

DEPRECIATION

At 1 April 2024

33,694

34,073

67,767

Charge for year

1,615

3,603

5,218

At 31 March 2025

35,309

37,676

72,985

NET BOOK VALUE

At 31 March 2025

4,845

3,480

8,325

At 31 March 2024

5,312

7,083

12,395

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

330,868

359,106

Amounts recoverable on contract

30,000

40,000

Other debtors

95,430

95,168

Prepayments

1,723

1,279

458,021

495,553

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

716,748

805,744

Social security and other taxes

8,998

11,226

VAT

71,478

95,375

Other creditors

1,930

-

Accrued expenses

21,951

8,835

821,105

921,180