O'GARA LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC316394

O'GARA LLP

Filleted Unaudited Financial Statements

31 July 2025

O'GARA LLP

Financial Statements

Year ended 31st July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

O'GARA LLP

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	4		21,025		28,033

Current assets

Stocks		61,200	30,000
Debtors	5	84,529	50,944
Cash at bank and in hand		34,303	78,346
		---------	---------
		180,032	159,290

Creditors: amounts falling due within one year	6	182,739		155,637
		---------		---------
Net current (liabilities)/assets			( 2,707)		3,653
			--------		--------
Total assets less current liabilities			18,318		31,686
			--------		--------
Net assets			18,318		31,686
			--------		--------

Represented by:

Loans and other debts due to members

Other amounts	7	18,318	31,686
		--------	--------

Members' other interests

Other reserves	–	–
	--------	--------
	18,318	31,686
	--------	--------

Total members' interests

Amounts due from members		(45,287)	(16,917)
Loans and other debts due to members	7	18,318	31,686
Members' other interests		–	–
		--------	--------
		(26,969)	14,769
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31st July 2025 the LLP 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 LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

O'GARA LLP

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the members and authorised for issue on 1 June 2026 , and are signed on their behalf by:

Mr J. O'Gara	Mr V. O'Gara
Designated Member	Designated Member

Mrs S. Connaughton
Designated Member

Registered number: OC316394

O'GARA LLP

Notes to the Financial Statements

Year ended 31st July 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Sorby Road, Northbank Industrial Park, Irlam, Manchester, M44 5BA, UK.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4.	Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1st August 2024 and 31st July 2025	114,870	114,870
	---------	---------
Depreciation
At 1st August 2024	86,837	86,837
Charge for the year	7,008	7,008
	---------	---------
At 31st July 2025	93,845	93,845
	---------	---------
Carrying amount
At 31st July 2025	21,025	21,025
	---------	---------
At 31st July 2024	28,033	28,033
	---------	---------

5.	Debtors

	2025	2024
	£	£
Trade debtors	34,027	34,027
Other debtors	50,502	16,917
	--------	--------
	84,529	50,944
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,006	–
Social security and other taxes	4,377	4,542
Other creditors	177,356	151,095
	---------	---------
	182,739	155,637
	---------	---------

7.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	18,318	31,686
	--------	--------

8.	Related party transactions

In the opinion of the members there is no controlling party as defined by financial reporting Standard FRS102. Included in creditors are amounts due as follows:-O'Gara Construction Limited £5,000, and Frank O'Gara & Sons Limited £162,861.