REGISTERED NUMBER: OC400838 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Channer Morgan LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mr A D Channer

Mr L D Chumbley

REGISTERED OFFICE:

C/o Parker Cavendish, Suite

301, Stanmore Business and

Innovation Centre, Howard Rd

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

OC400838 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Tangible assets

4

1,210

5,452

CURRENT ASSETS

Inventories

44,661

34,800

Debtors

5

5,032

39,978

Cash at bank

91,920

10,000

141,613

84,778

CREDITORS

Amounts falling due within one year

6

(56,320

)

(56,431

)

NET CURRENT ASSETS

85,293

28,347

TOTAL ASSETS LESS CURRENT LIABILITIES

86,503

33,799

CREDITORS

Amounts falling due after more than one year

7

(4,855

)

(14,565

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

81,648

19,234

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

81,648

19,234

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

81,648

19,234

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 August 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 August 2026 and were signed by:

Mr A D Channer - Designated member

1.	STATUTORY INFORMATION

Channer Morgan LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% Straight line

Computer equipment

-

33.33% on cost

Inventories

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

4,818

27,953

9,816

42,587

Additions

385

-

-

385

At 31 August 2025

5,203

27,953

9,816

42,972

DEPRECIATION

At 1 September 2024

4,448

23,877

8,810

37,135

Charge for year

138

4,076

413

4,627

At 31 August 2025

4,586

27,953

9,223

41,762

NET BOOK VALUE

At 31 August 2025

617

-

593

1,210

At 31 August 2024

370

4,076

1,006

5,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

79

34,788

Prepayments

4,953

5,190

5,032

39,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,710

9,710

Trade creditors

221

208

VAT

4,076

5,743

Accruals and deferred income

42,313

40,770

56,320

56,431

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,855

9,710

Bank loans - 2-5 years

-

4,855

4,855

14,565

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of Members’ other interests.