REGISTERED NUMBER: OC346094 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Thirsk Winton LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S B Thirsk

J M Winton

REGISTERED OFFICE:

Swan House

9-12 Johnston Road

Woodford Green

Essex

IG8 0XA

REGISTERED NUMBER:

OC346094 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Intangible assets

4

-

818

Tangible assets

5

57,651

76,515

57,651

77,333

CURRENT ASSETS

Stocks

217,505

207,689

Debtors

6

542,427

371,400

Cash at bank and in hand

6,947

4,674

766,879

583,763

CREDITORS

Amounts falling due within one year

7

490,739

383,586

NET CURRENT ASSETS

276,140

200,177

TOTAL ASSETS LESS CURRENT LIABILITIES

333,791

277,510

CREDITORS

Amounts falling due after more than one year

8

-

30,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

333,791

247,510

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

333,791

247,510

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

333,791

247,510

Amounts due from members

6

(231,736

)

(98,164

)

102,055

149,346

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 31 August 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 19 May 2026 and were signed by:

J M Winton - Designated member

1.	STATUTORY INFORMATION

Thirsk Winton 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.

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of six years.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

15,000

22,464

37,464

AMORTISATION

At 1 September 2024

15,000

21,646

36,646

Amortisation for year

-

818

818

At 31 August 2025

15,000

22,464

37,464

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 August 2024

-

818

818

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

82,197

57,187

28,250

20,713

188,347

Additions

2,628

120

-

-

2,748

At 31 August 2025

84,825

57,307

28,250

20,713

191,095

DEPRECIATION

At 1 September 2024

41,544

38,084

14,027

18,177

111,832

Charge for year

11,095

6,083

2,845

1,589

21,612

At 31 August 2025

52,639

44,167

16,872

19,766

133,444

NET BOOK VALUE

At 31 August 2025

32,186

13,140

11,378

947

57,651

At 31 August 2024

40,653

19,103

14,223

2,536

76,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

174,919

128,884

Other debtors

367,508

242,516

542,427

371,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

346,200

242,486

Taxation and social security

86,569

74,051

Other creditors

27,970

37,049

490,739

383,586

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

30,000

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests