ACCOUNTS - Final Accounts

Registered number: OC445763

SCHILLINGS COMMUNICATIONS LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025


SCHILLINGS COMMUNICATIONS LLP

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


SCHILLINGS COMMUNICATIONS LLP REGISTERED NUMBER:OC445763

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

	2025	2024
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	3,433,651	441,564
Cash at bank and in hand		70,320	232,902
		3,503,971	674,466
Current liabilities
Creditors: amounts falling due within one year	5	(715,896)	(45,460)
Net assets		2,788,075	629,006

Represented by:
Loans and other debts due to members within one year
Other amounts	319,497	124,113
Members' other interests
Members' capital classified as equity	300,000	200,000
Other reserves classified as equity	2,168,578	304,893
	2,788,075	629,006

Total members' interests
Loans and other debts due to members	319,497	124,113
Members' other interests	2,468,578	504,893
	2,788,075	629,006

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 9 January 2026.

B Reynolds

On behalf of designated member
Schillings International LLP

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SCHILLINGS COMMUNICATIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Schillings Communications LLP is a private Limited Liability Partnership incorporated in England and Wales, with its principal place of business and registered office address at 12 Arthur Street, London, EC4R 9AB.
The principal activity of the LLP is to provide professional services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Turnover

Turnover represents the value of professional services provided during the period to clients. The value reflects the amount of time, skill and expertise expected to be recoverable from clients, excluding VAT.
Where work is unbilled at the reporting date, an estimated accrued income is recognised in the Statement of Comprehensive Income and Statement of Financial Position based on the stage of completion of the transaction where it is probable that the economic benefits of the transaction will flow to the LLP and the value can be estimated reliably. Turnover which has been recognised but not invoiced by the reporting date is included in trade debtors.

Page 2


SCHILLINGS COMMUNICATIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan
The LLP contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

2.5

Taxation

Income tax arising on the profits of the LLP is solely the personal liability of the individual members and consequently is not dealt with in these financial statements..

2.6

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

2.7

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.9

Creditors

Short-term creditors are measured at the transaction price.

2.10

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

Page 3


SCHILLINGS COMMUNICATIONS LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Employees

The average monthly number of employees, including members, during the year was 6 (2024 - 4).

Debtors

					2025	2024
					£	£

Amounts owed by group undertakings	3,427,854	434,240
Other debtors	173	700
Prepayments and accrued income	5,625	6,624
	3,433,652	441,564

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	50	600
Other taxation and social security	38,923	16,273
Other creditors	-	12,017
Accruals and deferred income	676,923	16,570
	715,896	45,460

6.	Related party transactions
	The LLP has taken advantage of the exemption under FRS102 33. 1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

7.	Controlling party

The members regard Schillings International LLP, a limited liability partnership registered in England and Wales, as the ultimate parent undertaking.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2025 was unqualified.

The audit report was signed on 9 January 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4