REGISTERED NUMBER: OC306123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

RHB Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P H Goddard

S J Lawrence

REGISTERED OFFICE:

The Old Vicarage

Popham

Hampshire

SO21 3BJ

REGISTERED NUMBER:

OC306123 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

4

61,456

78,616

CURRENT ASSETS

Stocks

38,036

44,400

Debtors

5

500,551

440,383

Cash at bank and in hand

137,527

155,174

676,114

639,957

CREDITORS

Amounts falling due within one year

6

261,006

250,614

NET CURRENT ASSETS

415,108

389,343

TOTAL ASSETS LESS CURRENT LIABILITIES

476,564

467,959

CREDITORS

Amounts falling due after more than one year

7

127,500

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

349,064

467,959

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

349,064

467,959

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

349,064

467,959

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 March 2026.

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 21 May 2026 and were signed by:

S J Lawrence - Designated member

P H Goddard - Designated member

1.	STATUTORY INFORMATION

RHB Partnership 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

The turnover shown in the profit and loss account represents amounts receivable for professional fees and services, exclusive of value added tax and adjusted for work in progress.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 & equipment

-

33% on cost, 20% on cost and Straight line over 6 years

Motor vehicles

-

25% on reducing balance

Work in progress

Work in progress is valued at recoverable net invoiced value.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present 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.

Taxation

Taxation payable on the profits of the LLP is the personal liability of the members.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 26 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 April 2025

143,399

34,750

178,149

Additions

9,526

-

9,526

At 31 March 2026

152,925

34,750

187,675

DEPRECIATION

At 1 April 2025

81,092

18,441

99,533

Charge for year

23,424

3,262

26,686

At 31 March 2026

104,516

21,703

126,219

NET BOOK VALUE

At 31 March 2026

48,409

13,047

61,456

At 31 March 2025

62,307

16,309

78,616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

443,956

401,600

Other debtors

56,595

38,783

500,551

440,383

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

51,000

-

Trade creditors

19,242

32,109

Taxation and social security

165,609

142,185

Other creditors

25,155

76,320

261,006

250,614

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

127,500

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

57,473

62,159

Between one and five years

202,902

225,415

In more than five years

-

34,960

260,375

322,534

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

178,500

-

Bank loans are secured by a personal guarantee from the members.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, members' other interests rank after secured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up.

There is no further formal protection afforded to creditors in the event of a winding up.

There are no restrictions on the ability of members to reduce the amount of members' other interests.