Richmonds Folkestone LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC390902

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,309		4,457

			3,309		4,457
CURRENT ASSETS
Stocks	5	2,000		2,000
Cash at bank and in hand		19,108		15,857

		21,108		17,857
Creditors: Amounts Falling Due Within One Year	7	(4,312 )		(5,119 )

NET CURRENT ASSETS (LIABILITIES)			16,796		12,738

TOTAL ASSETS LESS CURRENT LIABILITIES			20,105		17,195

NET ASSETS ATTRIBUTABLE TO MEMBERS			20,105		17,195

REPRESENTED BY:
Loans and other debts due to members
Other amounts		20,105		17,195

			20,105		17,195

			20,105		17,195

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			20,105		17,195

			20,105		17,195

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Richmonds Folkestone LLP

Balance Sheet (continued)

As At 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 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

Mrs K Richmond Designated Member	Mr W Richmond Designated Member
02/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Richmonds Folkestone LLP is a limited liability partnership, incorporated in England & Wales, registered number OC390902 . The Registered Office is 97 Dover Road, Folkestone, Kent, CT20 1LA.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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).

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. 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 paid for goods.

Rendering of services

Turnover from the rendering of post office services is recognised on receipt from the customers.

2.5. 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:

Fixtures & Fittings	25% Reducing balance
Computer Equipment	33.33% Straight line

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7. Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2025: 3)

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Richmonds Folkestone LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	10,709	832	11,541
Additions	-	262	262

As at 31 March 2026	10,709	1,094	11,803

Depreciation
As at 1 April 2025	6,530	554	7,084
Provided during the period	1,045	365	1,410

As at 31 March 2026	7,575	919	8,494

Net Book Value
As at 31 March 2026	3,134	175	3,309

As at 1 April 2025	4,179	278	4,457

5. Stocks

	2026	2025
	£	£
Goods for resale	2,000	2,000

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	2,198
Other creditors	3,511	1,963
Taxation and social security	801	958

	4,312	5,119

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