Seagrave French LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC369013

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		234,454		181,916
Tangible Assets	5		417,224		345,250

			651,678		527,166
CURRENT ASSETS
Debtors	6	119,826		76,693

		119,826		76,693
Creditors: Amounts Falling Due Within One Year	7	(133,318 )		(111,440 )

NET CURRENT ASSETS (LIABILITIES)			(13,492 )		(34,747 )

TOTAL ASSETS LESS CURRENT LIABILITIES			638,186		492,419

Creditors: Amounts Falling Due After More Than One Year	8		(238,381 )		(175,657 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			399,805		316,762

REPRESENTED BY:
Loans and other debts due to members
Other amounts		123,348		123,348

			123,348		123,348

Equity
Members' other interests
Members' capital		(14,278)		64,207
Other reserves		290,735		129,207

			276,457		193,414

			399,805		316,762

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			123,348		123,348
Members' other interests			276,457		193,414

			399,805		316,762

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Seagrave French LLP

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Jason Seagrave

Designated Member

20/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Seagrave French LLP is a limited liability partnership, incorporated in , registered number OC369013 . The Registered Office is 1 Poplars Court, Lenton Lane, Nottingham, NG7 2RR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	15% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

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Seagrave French LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	181,916
Additions	52,538

As at 31 October 2025	234,454

Net Book Value
As at 31 October 2025	234,454

As at 1 November 2024	181,916

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 November 2024	281,399	107,404	46,172	434,975
Additions	-	125,000	-	125,000
Disposals	-	(67,404 )	-	(67,404 )

As at 31 October 2025	281,399	165,000	46,172	492,571

Depreciation
As at 1 November 2024	-	60,351	29,374	89,725
Provided during the period	-	-	5,973	5,973
Disposals	-	(20,351 )	-	(20,351 )

As at 31 October 2025	-	40,000	35,347	75,347

Net Book Value
As at 31 October 2025	281,399	125,000	10,825	417,224

As at 1 November 2024	281,399	47,053	16,798	345,250

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	100,567	69,499
Other debtors	19,259	7,194

	119,826	76,693

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Seagrave French LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,828	-
Trade creditors	4,592	10,012
Bank loans and overdrafts	97,504	77,077
Other creditors	-	3,730
Taxation and social security	12,394	20,621

	133,318	111,440

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	49,214	-
Bank loans	189,167	175,657

	238,381	175,657

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	18,828	-
Later than one year and not later than five years	49,214	-

	68,042	-

	68,042	-

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