Marson, Rathbone Taylor LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC326364

Marson, Rathbone Taylor LLP

Filleted Unaudited Financial Statements

31 March 2026

Marson, Rathbone Taylor LLP

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	22,060	24,818
Tangible assets	6	27,467	32,283
		-------	-------
		49,527	57,101

Current assets

Debtors	7	36,441	102,218
Cash at bank and in hand		107,588	102,473
		--------	--------
		144,029	204,691

Prepayments and accrued income	5,424		2,697

Creditors: amounts falling due within one year	8	62,427		78,110
		--------		--------
Net current assets			87,026	129,278
			--------	--------
Total assets less current liabilities			136,553	186,379

Creditors: amounts falling due after more than one year	9		–	3,334

Accruals and deferred income	15,364	4,825
	--------	--------
Net assets	121,189	178,220
	--------	--------

Represented by:

Loans and other debts due to members

Other amounts	10	121,189	178,220
		--------	--------

Members' other interests

Other reserves	–	–
	--------	--------
	121,189	178,220
	--------	--------

Total members' interests

Loans and other debts due to members	10	121,189	178,220
Members' other interests		–	–
		--------	--------
		121,189	178,220
		--------	--------

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.

Marson, Rathbone Taylor LLP

Statement of Financial Position (continued)

31 March 2026

For the year ending 31 March 2026 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 .

These financial statements were approved by the members and authorised for issue on 30 June 2026 , and are signed on their behalf by:

S. J. Marson

Designated Member

Registered number: OC326364

Marson, Rathbone Taylor LLP

Notes to the Financial Statements

Year ended 31 March 2026

1.	General information

The Limited Liability Partnership is registered and trading in England and Wales with number OC326364 . The registered office address is The Old Granary, Windsor Court, Stratford Upon Avon, Warwickshire, CV37 6GG.

2.	Statement of compliance

The financial statements have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021.

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on 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 LLP and rounded to the nearest £.

Judgements and key sources of estimation uncertainty

In preparing these financial statements the members have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Revenue recognition

Turnover, represents amounts invoiced, excluding value added tax, in respect of the sale of goods and services. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced, calculated by reference to the stage of completion.

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).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 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'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Leasehold property	-	11% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Fixtures and Fittings	-	15% reducing balance
Motor Vehicles	-	Over the finance term at cost minus the GMFV
Plant and Equipment	-	15% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The LLP only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the LLP considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the LLP considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 8 (2025: 7 ).

5.	Intangible assets

	Leasehold property
	£
Cost
At 1 April 2025 and 31 March 2026	69,790
	-------
Amortisation
At 1 April 2025	44,972
Charge for the year	2,758
	-------
At 31 March 2026	47,730
	-------
Carrying amount
At 31 March 2026	22,060
	-------
At 31 March 2025	24,818
	-------

6.	Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	7,954	68,255	57,930	134,139
Additions	–	–	3,585	3,585
	------	-------	-------	--------
At 31 March 2026	7,954	68,255	61,515	137,724
	------	-------	-------	--------
Depreciation
At 1 April 2025	5,433	54,318	42,105	101,856
Charge for the year	378	5,459	2,564	8,401
	------	-------	-------	--------
At 31 March 2026	5,811	59,777	44,669	110,257
	------	-------	-------	--------
Carrying amount
At 31 March 2026	2,143	8,478	16,846	27,467
	------	-------	-------	--------
At 31 March 2025	2,521	13,937	15,825	32,283
	------	-------	-------	--------

7.	Debtors

	2026	2025
	£	£
Trade debtors	36,441	102,218
	-------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,334	10,000
Trade creditors	3,542	4,585
Social security and other taxes	20,939	28,609
Other creditors	34,612	34,916
	-------	-------
	62,427	78,110
	-------	-------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,334
	----	------

10.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	121,189	178,220
	--------	--------

11.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	715	715
Later than 1 year and not later than 5 years	–	715
	----	------
	715	1,430
	----	------