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Registered No. OC400290 (England and Wales)
Y. PHILLIPS LLP Unaudited accounts for the year ended 31 March 2026
Y. PHILLIPS LLP LLP Information for the year ended 31 March 2026
Designated members
Mr Joshua Behman Phillips
Mrs Yvonne Phillips
Registered Number
OC400290 (England and Wales)
Registered Office
3 WESTWOOD ROAD COULSDON CR5 1AH ENGLAND
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Y. PHILLIPS LLP Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
3
3,260
4,564
Tangible assets
4
-
256
3,260
4,820
Current assets
Inventories
700
-
Debtors
268
227
Cash at bank and in hand
11,416
11,778
12,384
12,005
Creditors: amounts falling due within one year
5
(12,466)
(11,556)
Net current (liabilities)/assets
(82)
449
Net assets attributable to members
3,178
5,269
Represented by:
Loans and other debts due to members
6
3,177
5,268
Members' other interests
Other reserves
1
1
3,178
5,269
Total members' interests
Loans and other debts due to members
3,177
5,268
Members' other interests
1
1
3,178
5,269
For the year ending 31 March 2026 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 8 July 2026.
Mrs Yvonne Phillips Designated member Limited Liability Partnership Registration No. OC400290
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Y. PHILLIPS LLP Notes to the Accounts for the year ended 31 March 2026
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Computer equipment
25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2
Statutory information
Y. PHILLIPS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC400290. Its registered office is 3 WESTWOOD ROAD, COULSDON, CR5 1AH, ENGLAND.
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
7,020
At 31 March 2026
7,020
Amortisation
At 1 April 2025
2,456
Charge for the year
1,304
At 31 March 2026
3,760
Net book value
At 31 March 2026
3,260
At 31 March 2025
4,564
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Y. PHILLIPS LLP Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
2,514
10,661
13,175
At 31 March 2026
2,514
10,661
13,175
Depreciation
At 1 April 2025
2,514
10,405
12,919
Charge for the year
-
256
256
At 31 March 2026
2,514
10,661
13,175
Net book value
At 31 March 2026
-
-
-
At 31 March 2025
-
256
256
5
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security costs
874
1,247
Other creditors
(60)
(218)
Deferred income
11,652
10,527
12,466
11,556
6
Loans and other debts due to members
2026
2025
£
£
Amounts due to members in respect of profits
3,177
5,268
Amounts falling due within one year
3,177
5,268
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 28 (2025: 26).
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