REGISTERED NUMBER: OC403865 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Lishmans LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr G H Price

Hanse Consulting Ltd

Lishmans Central Partner Limited

REGISTERED OFFICE:

16 - 18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

REGISTERED NUMBER:

OC403865 (England and Wales)

ACCOUNTANTS:

Lishmans LLP

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

FIXED ASSETS

Intangible assets

4

636,797

752,940

Tangible assets

5

75,028

80,010

711,825

832,950

CURRENT ASSETS

Stocks

24,693

26,336

Debtors

6

658,332

420,473

Cash at bank and in hand

152,255

2,582

835,280

449,391

CREDITORS

Amounts falling due within one year

7

382,031

352,963

NET CURRENT ASSETS

453,249

96,428

TOTAL ASSETS LESS CURRENT LIABILITIES

1,165,074

929,378

CREDITORS

Amounts falling due after more than one year

8

4,166

(97,828

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,160,908

1,027,206

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

560,908

427,206

MEMBERS' OTHER INTERESTS

Capital accounts

600,000

600,000

1,160,908

1,027,206

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

560,908

427,206

Members' other interests

600,000

600,000

Amounts due from members

6

-

(34,445

)

1,160,908

992,761

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 30 April 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 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 27 April 2026 and were signed by:

Mr G H Price - Designated member

1.	STATUTORY INFORMATION

Lishmans 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is recognised at cost and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

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.

Costs associated with Goodwill are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 15% reducing balance

Computer equipment - 33% straight line

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 17 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

1,124,000

108,980

1,232,980

AMORTISATION

At 1 May 2024

401,000

79,040

480,040

Charge for year

112,400

3,743

116,143

At 30 April 2025

513,400

82,783

596,183

NET BOOK VALUE

At 30 April 2025

610,600

26,197

636,797

At 30 April 2024

723,000

29,940

752,940

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

294,855

Additions

8,824

At 30 April 2025

303,679

DEPRECIATION

At 1 May 2024

214,845

Charge for year

13,806

At 30 April 2025

228,651

NET BOOK VALUE

At 30 April 2025

75,028

At 30 April 2024

80,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

623,496

350,342

Other debtors

34,836

70,131

658,332

420,473

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

32,413

36,798

Taxation and social security

199,778

130,609

Other creditors

149,840

185,556

382,031

352,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

4,166

(97,828

)

Amounts falling due in more than five years:

Repayable by instalments

Other debtors - LSCP

-

(151,995

)

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, members' other reserves rank after unsecured creditors. Loans and other debts due to members rank equally with unsecured creditors in the event of winding up. There is no formal restriction on the ability of the LLP to reduce the amount of member' other interests.