Limited Liability Partnership registration number OC418565 (England and Wales)
ROBERT & KARIN HEATH PARTNERSHIP LLP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ROBERT & KARIN HEATH PARTNERSHIP LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ROBERT & KARIN HEATH PARTNERSHIP LLP
BALANCE SHEET
AS AT 2 DECEMBER 2025
02 December 2025
- 1 -
2 December 2025
31 March 2025
Notes
£
£
£
£
Current assets
Cash at bank and in hand
-
19,739
Creditors: amounts falling due within one year
3
-
(2,951)
Net current assets and net assets attributable to members
-
16,788
Represented by:
Loans and other debts due to members within one year
4
Amounts due in respect of profits
-
5,317
Members' other interests
4
Members' capital classified as equity
1,919
4,789
Other reserves classified as equity
(1,919)
6,682
-
16,788

For the financial period ended 2 December 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 31 March 2026 and are signed on their behalf by:
31 March 2026
R Heath
K Heath
Designated member
Designated Member
Limited Liability Partnership registration number OC418565 (England and Wales)
ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 DECEMBER 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Robert & Karin Heath Partnership LLP is a limited liability partnership incorporated in England and Wales. The registered office is 45 West Towers, Pinner, Middlesex, HA5 1TZ.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Basis of preparation

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

The limited liability partnership ceased trading on 2 December 2025 and therefore these accounts have been prepared on a basis other than going concern.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Revenue arises from the provision of consultancy services and is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.5
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:

Computers
33.33% straight line

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.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic F inancial Instruments” to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
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 creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

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

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 DECEMBER 2025
- 5 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
1,628
Disposals
(1,628)
At 2 December 2025
-
Depreciation and impairment
At 1 April 2025
1,628
Eliminated in respect of disposals
(1,628)
At 2 December 2025
-
Carrying amount
At 2 December 2025
-
At 31 March 2025
-
3
Creditors: amounts falling due within one year
2025
2025
£
£
Trade creditors
-
1,692
Other creditors
-
1,259
-
2,951
ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 DECEMBER 2025
- 6 -
4
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 April 2025
4,789
6,682
11,471
5,317
5,317
16,788
Loss for the period available for discretionary division among members
-
(1,919)
(1,919)
-
-
(1,919)
Members' interests after loss for the period
4,789
4,763
9,552
5,317
5,317
14,869
Other divisions of profits
-
(6,682)
(6,682)
6,682
6,682
-
Repayments of capital
(2,870)
-
(2,870)
-
-
(2,870)
Drawings on account and distributions of profit
-
-
-
(11,999)
(11,999)
(11,999)
Members' interests at 2 December 2025
1,919
(1,919)
-
-
-
-
ROBERT & KARIN HEATH PARTNERSHIP LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 DECEMBER 2025
- 7 -
5
Loans and other debts due to members

As the company is now in the process of being wound up, the amounts included in ‘Loans and other debts due to members’ rank equally with unsecured creditors.

2025-12-02 2025-04-01 false false 09 April 2026 CCH Software CCH Accounts Production 2025.300 false 0 OC418565 2025-04-01 2025-12-02 OC418565 2025-12-02 OC418565 bus:PartnerLLP1 2025-04-01 2025-12-02 OC418565 bus:PartnerLLP2 2025-04-01 2025-12-02 OC418565 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2025-12-02 OC418565 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2025-12-02 OC418565 bus:FRS102 2025-04-01 2025-12-02 OC418565 bus:AuditExemptWithAccountantsReport 2025-04-01 2025-12-02 OC418565 bus:FullAccounts 2025-04-01 2025-12-02 xbrli:pure xbrli:shares