Octopus Gates Automated Access LLP LLP accounts

REGISTERED NUMBER: OC434154

Octopus Gates Automated Access LLP

Unaudited Financial Statements

30 November 2025

Octopus Gates Automated Access LLP

Financial Statements

Year ended 30 November 2025

Contents	Page

Designated members and professional advisers	1

Chartered accountants report to the members on the preparation of the unaudited statutory financial statements	2

Income statement	3

Statement of financial position	4

Reconciliation of members' interests	6

Notes to the financial statements	8

Octopus Gates Automated Access LLP

Designated Members and Professional Advisers

Designated members	Mr M. Leach
	Mr A. Leach

Registered office	54 Mithras Gardens
	Wavendon Gate
	Milton Keynes
	MK7 7SY

Accountants	Chestnut Green Ltd.
	Chartered Accountants
	Studio 6
	Capability House
	Wrest Park
	Silsoe
	Beds
	MK45 4HS

Bankers	Starling Bank Ltd.
	3rd Floor
	2 Finsbury Avenue
	London
	EC2M 2PP

Octopus Gates Automated Access LLP

Chartered Accountants Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Octopus Gates Automated Access LLP

Year ended 30 November 2025

As described on the statement of financial position, the members of the LLP are responsible for the preparation of the financial statements for the year ended 30 November 2025, which comprise the income statement, statement of financial position, reconciliation of members' interests and the related notes. You consider that the LLP is exempt from an audit under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Chestnut Green Ltd. Chartered Accountants

Studio 6 Capability House Wrest Park Silsoe Beds MK45 4HS

Octopus Gates Automated Access LLP

Income Statement

Year ended 30 November 2025

	2025	2024
Note	£	£
Turnover	116,270	88,390

Raw material and consumables		38,563	28,242
Depreciation and other amounts written off tangible and intangible fixed assets		900	740
Other operating expenses		8,746	8,127
		---------	--------
Operating profit	4	68,061	51,281

	---------	--------
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members	68,061	51,281
	---------	--------

All the activities of the LLP are from continuing operations.

The LLP has no other recognised items of income and expenses other than the results for the year as set out above.

Octopus Gates Automated Access LLP

Statement of Financial Position

30 November 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,700	3,600

Current assets

Debtors	6	3,894	9,684
Cash at bank and in hand		10,089	11,500
		--------	--------
		13,983	21,184

Creditors: amounts falling due within one year	7	2,164	5,270
		--------	--------
Net current assets		11,819	15,914
		--------	--------
Total assets less current liabilities		14,519	19,514

Accruals and deferred income	480	700
	--------	--------
Net assets	14,039	18,814
	--------	--------

Represented by:

Loans and other debts due to members

Other amounts	8	14,039	18,814
		--------	--------

Members' other interests

Other reserves	–	–
	--------	--------
	14,039	18,814
	--------	--------

Total members' interests

Amounts due from members		–	(9,684)
Loans and other debts due to members	8	14,039	18,814
Members' other interests		–	–
		--------	--------
		14,039	9,130
		--------	--------

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 November 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) relating to small LLPs.

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 financial statements .

Octopus Gates Automated Access LLP

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the members and authorised for issue on 11 March 2026 , and are signed on their behalf by:

Mr M. Leach

Designated Member

Registered number: OC434154

Octopus Gates Automated Access LLP

Reconciliation of Members' Interests

Year ended 30 November 2025

	Members' other interests		Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves	Total	Other amounts	Total	Total 2025
	£	£	£	£	£
Balance at 1 December 2024	–	–	9,130	9,130	9,130
Profit for the financial year available for discretionary division among members	68,061	68,061			68,061
	--------	--------	-------	-------	--------
Members' interests after profit for the year	68,061	68,061	9,130	9,130	77,191
Other division of profits	(68,061)	(68,061)	68,061	68,061	–
Drawings			(63,152)	(63,152)	(63,152)
	--------	--------	--------	--------	--------
Balance at 30 November 2025	–	–	14,039	14,039	14,039
	--------	--------	--------	--------	--------

Octopus Gates Automated Access LLP

Reconciliation of Members' Interests (continued)

Year ended 30 November 2025

	Members' other interests		Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Other reserves	Total	Other amounts	Total	Total 2024
	£	£	£	£	£
Amounts due to members			7,553	7,553
Amounts due from members			–	–
			-------	-------
Balance at 1 December 2023	–	–	7,553	7,553	7,553
Profit for the financial year available for discretionary division among members	51,281	51,281			51,281
	--------	--------	-------	-------	--------
Members' interests after profit for the year	51,281	51,281	7,553	7,553	58,834
Other division of profits	(51,281)	(51,281)	51,281	51,281	–
Drawings			(49,704)	(49,704)	(49,704)
			--------	--------
Amounts due to members			18,814	18,814
Amounts due from members			(9,684)	(9,684)
	--------	--------	--------	--------	--------
Balance at 30 November 2024	–	–	9,130	9,130	9,130
	--------	--------	--------	--------	--------

Octopus Gates Automated Access LLP

Notes to the Financial Statements

Year ended 30 November 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 54 Mithras Gardens, Wavendon Gate, Milton Keynes, MK7 7SY.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4.	Operating profit

Operating profit or loss is stated after crediting:

	2025	2024
	£	£

5.	Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 December 2024 and 30 November 2025	9,900	308	10,208
	-------	----	--------
Depreciation
At 1 December 2024	6,430	178	6,608
Charge for the year	870	30	900
	-------	----	--------
At 30 November 2025	7,300	208	7,508
	-------	----	--------
Carrying amount
At 30 November 2025	2,600	100	2,700
	-------	----	--------
At 30 November 2024	3,470	130	3,600
	-------	----	--------

6.	Debtors

	2025	2024
	£	£
Trade debtors	3,894	–
Other debtors	–	9,684
	-------	-------
	3,894	9,684
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	606	–
Social security and other taxes	1,558	–
Other creditors	–	5,270
	-------	-------
	2,164	5,270
	-------	-------

8.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	14,039	18,814
	--------	--------