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REGISTERED NUMBER: OC313253 (England and Wales)

Sheen Stickland LLP

Unaudited Financial Statements for the Year Ended 31st March 2025

Sheen Stickland LLP (Registered number: OC313253)

Contents of the Financial Statements

for the Year Ended 31st March 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 4 |

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 550,000 |  | 550,000 |  |

Tangible assets | 5 | 125,219 |  | 135,873 |  |

675,219 |  | 685,873 |  |

CURRENT ASSETS

Debtors | 6 | 1,017,668 |  | 1,514,907 |  |

Cash at bank and in hand | 262,812 |  | 27,934 |  |

1,280,480 |  | 1,542,841 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,597,642 |  | 1,337,533 |  |

NET CURRENT (LIABILITIES)/ASSETS | (317,162 | ) | 205,308 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 358,057 |  | 891,181 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 158,299 |  | 202,955 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 199,758 |  | 688,226 |  |

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet - continued

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 11 | 199,758 |  | 750,000 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | - |  | (61,774 | ) |

199,758 |  | 688,226 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 11 | 199,758 |  | 750,000 |  |

Members' other interests | - |  | (61,774 | ) |

Amounts due from members | 6 | (178,226 | ) | (830,392 | ) |

21,532 |  | (142,166 | ) |

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 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.

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet - continued

31st March 2025

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 25th March 2026 and were signed by:

D A Sanders - Designated member

P Joyce - Designated member

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements

for the Year Ended 31st March 2025

1. | STATUTORY INFORMATION

| Sheen Stickland LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

| Registered number: | OC313253

| Registered office: | 2 Oriel Court

| Omega Park

| Alton

| Hampshire

| GU34 2YT

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.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor Vehicles | - | 25% on cost

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 550,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | 550,000 |  |

| At 31st March 2024 | 550,000 |  |

5. | TANGIBLE FIXED ASSETS

| Motor

| Vehicles

£ |

| COST

| At 1st April 2024 | 221,358 |  |

| Additions | 67,043 |  |

| Disposals | (91,324 | ) |

| At 31st March 2025 | 197,077 |  |

| DEPRECIATION

| At 1st April 2024 | 85,485 |  |

| Charge for year | 32,613 |  |

| Eliminated on disposal | (46,240 | ) |

| At 31st March 2025 | 71,858 |  |

| NET BOOK VALUE

| At 31st March 2025 | 125,219 |  |

| At 31st March 2024 | 135,873 |  |

| The net book value of tangible fixed assets includes £ 125,219 (2024 - £ 135,873 ) in respect of assets held under hire purchase contracts.

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 344,585 |  | 452,365 |  |

| Amounts recoverable on contract | 113,069 |  | 89,539 |  |

| Other debtors | 560,014 |  | 973,003 |  |

1,017,668 |  | 1,514,907 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 60,716 |  | 55,959 |  |

| Hire purchase contracts (see note 9) | 12,439 |  | 37,110 |  |

| Trade creditors | 61,432 |  | 124,385 |  |

| Taxation and social security | 51,761 |  | 89,384 |  |

| Other creditors | 1,411,294 |  | 1,030,695 |  |

1,597,642 |  | 1,337,533 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 59,574 |  | 122,452 |  |

| Hire purchase contracts (see note 9) | 98,725 |  | 80,503 |  |

158,299 |  | 202,955 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 12,439 |  | 37,110 |  |

| Between one and five years | 98,725 |  | 80,503 |  |

111,164 |  | 117,613 |  |

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

9. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 17,500 |  | 26,250 |  |

| Between one and five years | - |  | 17,500 |  |

17,500 |  | 43,750 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 120,290 |  | 178,411 |  |

| Hire purchase contracts | 111,164 |  | 117,613 |  |

231,454 |  | 296,024 |  |

| The bank loans are secured by a fixed and floating charge over all the property of the entity.

| The hire purchase contracts are secured on the assets to which they relate.

11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Members' capital and loans and other debts due to members rank after other creditors on a winding up.