Limited Liability Partnership registration number OC327151 (England and Wales)
F. WINTER & CO LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
F. WINTER & CO LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
F Winter & Co (UK) Ltd
Hilesh Khakhria
Mr. S. Patel
Limited liability partnership number
OC327151
Registered office
Ramillies House
2 Ramillies Street
London
F. WINTER & CO LLP
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
F. WINTER & CO LLP
BALANCE SHEET
AS AT
27 MARCH 2025
27 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
56,700
72,450
Tangible assets
4
5,157
11,928
61,857
84,378
Current assets
Debtors
5
118,264
219,162
Cash at bank and in hand
976,593
992,662
1,094,857
1,211,824
Creditors: amounts falling due within one year
6
(340,359)
(311,751)
Net current assets
754,498
900,073
Total assets less current liabilities
816,355
984,451
Creditors: amounts falling due after more than one year
7
(1,563)
(11,759)
Net assets attributable to members
814,792
972,692
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
1,179,534
966,323
Other amounts
(942,511)
(571,400)
237,023
394,923
Members' other interests
Members' capital classified as equity
577,769
577,769
814,792
972,692
F. WINTER & CO LLP
BALANCE SHEET (CONTINUED)
AS AT
27 MARCH 2025
27 March 2025
- 2 -

For the financial year ended 27 March 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 23 March 2026 and are signed on their behalf by:
23 March 2026
Hilesh Khakhria
Mr. S. Patel
Designated member
Designated Member
Limited Liability Partnership registration number OC327151 (England and Wales)
F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

F. Winter & Co LLP is a limited liability partnership incorporated in England and Wales. The LLP's registered number is OC327151 and the registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

The principal activity of the limited liability partnership continued to be that of Chartered Accountants.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

After reviewing the LLP's f orecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

1.3
Turnover

Turnover represents amounts receivable for professional services provided during the year on client assignments, excluding VAT.

1.4
Members' participating interests

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members' remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities. Amounts drawn in excess of profits are not recoverable from the members except against future profits.

1.5
Intangible fixed assets - goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of twenty years. The goodwill arose on the acquisition of the business of F. Winter & Co. This period was chosen as it reflects the expected period over which the LLP will gain economic benefit from the goodwill.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% pa on a straight line basis
Motor vehicles
10% pa on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including bank loans, overdrafts and trade creditors, are initially recognised at transaction price and are subsequently measured at amortised cost using the effective interest method. Financial liabilities payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.8

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2025
- 5 -
2
Employees

The average number of persons (excluding members) employed by the LLP during the year was 7 (2024 - 7).

2025
2024
Number
Number
Total
7
7
3
Intangible fixed assets
Goodwill
£
Cost
At 28 March 2024 and 27 March 2025
315,000
Amortisation and impairment
At 28 March 2024
242,550
Amortisation charged for the year
15,750
At 27 March 2025
258,300
Carrying amount
At 27 March 2025
56,700
At 27 March 2024
72,450
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 28 March 2024
116,769
Additions
926
Disposals
(48,048)
At 27 March 2025
69,647
Depreciation and impairment
At 28 March 2024
104,841
Depreciation charged in the year
7,627
Eliminated in respect of disposals
(47,978)
At 27 March 2025
64,490
Carrying amount
At 27 March 2025
5,157
At 27 March 2024
11,928
F. WINTER & CO LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 MARCH 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
108,387
131,758
Other debtors
9,877
87,404
118,264
219,162
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,648
11,632
Taxation and social security
14,953
24,157
Other creditors
314,758
275,962
340,359
311,751
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,563
11,759
8
Loans and other debts due to members

In the event of a winding up, amounts included within ‘Loans and other debts due to members’ rank pari passu with unsecured creditors.

9
Members' transactions

The members of the LLP are considered related parties. During the year, profits were allocated to members in accordance with the LLP Agreement. No other related party transactions requiring disclosure under FRS 102 Section 1A occurred during the year.

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