REGISTERED NUMBER: OC367449 (England and Wales)

NEEDHAM ENTERPRISES (CARPETS) LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

General Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr D.W. Needham

Mrs L.R. Needham

REGISTERED OFFICE:

The Carpet Factory

43 Birmingham Road

Kidderminster

Worcestershire

DY10 2DA

REGISTERED NUMBER:

OC367449 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Needham Enterprises (Carpets) LLP for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Needham Enterprises (Carpets) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Needham Enterprises (Carpets) LLP and state those matters that we have agreed to state to the members of Needham Enterprises (Carpets) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Needham Enterprises (Carpets) LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Needham Enterprises (Carpets) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Needham Enterprises (Carpets) LLP. You consider that Needham Enterprises (Carpets) LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Needham Enterprises (Carpets) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

20 May 2026

FIXED ASSETS

Tangible assets

4

334,733

334,739

CURRENT ASSETS

Debtors

5

15,487

18,031

Cash at bank

4,530

3,761

20,017

21,792

CREDITORS

Amounts falling due within one year

6

175,044

190,554

NET CURRENT LIABILITIES

(155,027

)

(168,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

179,706

165,977

CREDITORS

Amounts falling due after more than one year

7

-

7,931

NET ASSETS ATTRIBUTABLE TO MEMBERS

179,706

158,046

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

179,706

158,046

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

179,706

158,046

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 20 May 2026 and were signed by:

Mr D.W. Needham - Designated member

1.	STATUTORY INFORMATION

Needham Enterprises (Carpets) 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.

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.

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

334,715

667

335,382

DEPRECIATION

At 1 September 2024

-

643

643

Charge for year

-

6

6

At 31 August 2025

-

649

649

NET BOOK VALUE

At 31 August 2025

334,715

18

334,733

At 31 August 2024

334,715

24

334,739

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

115,800

Transfer to ownership

(115,800

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

115,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,944

14,839

Other debtors

3,543

3,192

15,487

18,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,119

8,467

Hire purchase contracts

-

4,543

Trade creditors

18,990

29,768

Taxation and social security

3,557

214

Other creditors

145,378

147,562

175,044

190,554

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,931

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

As none of the creditors hold security over the assets of the limited liability partnership, both members and other creditors will be paid equally on a proportionate basis.