L&B Partnership LLP

	Page
Abridged Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Abridged Financial Statements	4—5

Registered number: OC431884

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,761		2,554

			1,761		2,554
CURRENT ASSETS
Debtors		101,961		189,764
Cash at bank and in hand		2,200		10,391

		104,161		200,155
Creditors: Amounts Falling Due Within One Year		-		(77,746 )

NET CURRENT ASSETS (LIABILITIES)			104,161		122,409

TOTAL ASSETS LESS CURRENT LIABILITIES			105,922		124,963

NET ASSETS ATTRIBUTABLE TO MEMBERS			105,922		124,963

REPRESENTED BY:
Equity
Members' other interests
Members' capital		389,643		389,643
Other reserves		(283,721)		(264,680)

			105,922		124,963

TOTAL MEMBERS' INTEREST
Members' other interests			105,922		124,963

			105,922		124,963

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L&B Partnership LLP

Abridged 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.

All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Wesley Anderson

Designated Member

11 August 2026

The notes on pages 4 to 5 form part of these financial statements.

	EQUITY
	Members' other interests
	Members'Capital classified as Equity	Other Reserves	Total Equity	Total members' interest
	£	£	£	£
Balance at 1 April 2024	389,643	(348,030 )	41,613	41,613
Profit/(loss) for the financial year available for discretionary division among members	-	530,057	530,057	530,057

Members' interests after profit/(loss) for the year	389,643	182,027	571,670	571,670
Other Movements	-	(446,707)	(446,707)	(446,707)

As at 31 March 2025 and 1 April 2025	389,643	(264,680)	124,963	124,963


Profit/(loss) for the financial year available for discretionary division among members	-	244,422	244,422	244,422

Members' interests after profit/(loss) for the year	389,643	(20,258)	369,385	369,385
Other Movements	-	(263,463)	(263,463)	(263,463)

As at 31 March 2026	389,643	(283,721)	105,922	105,922

Note: Other movements are the drawings taken by the members.

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L&B Partnership LLP

Notes to the Abridged Financial Statements

For The Year Ended 31 March 2026

1. General Information

L&B Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC431884 . The Registered Office is 100 North Street , Portslade, Brighton, BN41 1DG.

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

20%

3. Average Number of Employees

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

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L&B Partnership LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	5,172

As at 31 March 2026	5,172

Depreciation
As at 1 April 2025	2,618
Provided during the period	793

As at 31 March 2026	3,411

Net Book Value
As at 31 March 2026	1,761

As at 1 April 2025	2,554

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