RS Covers LLP

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

Registered number: OC442189

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,375		-

			9,375		-
CURRENT ASSETS
Debtors	5	189,933		123,535
Cash at bank and in hand		55,391		15,589

		245,324		139,124
Creditors: Amounts Falling Due Within One Year	6	(1,026 )		(699 )

NET CURRENT ASSETS (LIABILITIES)			244,298		138,425

TOTAL ASSETS LESS CURRENT LIABILITIES			253,673		138,425

NET ASSETS ATTRIBUTABLE TO MEMBERS			253,673		138,425

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		253,673		138,425

			253,673		138,425

			253,673		138,425

TOTAL MEMBERS' INTEREST
Amounts due from members			(111,493)		(69,303)
Loans and other debts due to members within one year			253,673		138,425

			142,180		69,122

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RS Covers 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

Mr Russell Smith

Designated Member

07/08/2026

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

1. General Information

RS Covers LLP is a limited liability partnership, incorporated in England & Wales, registered number OC442189 . The Registered Office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.

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. 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:

Motor Vehicles

4 Years Straight Line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 2)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2025	-
Additions	12,500

As at 31 March 2026	12,500

Depreciation
As at 1 April 2025	-
Provided during the period	3,125

As at 31 March 2026	3,125

...CONTINUED

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RS Covers LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	9,375

As at 1 April 2025	-

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,600	2,172
VAT	1,111	894
Other taxes and social security	73,729	51,166
Amounts due from members	111,493	69,303

	189,933	123,535

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	301	(1 )
Accruals and deferred income	725	700

	1,026	699

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