Counterculture Partnership LLP

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

Registered number: OC370322

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,358		35,611

			28,358		35,611
CURRENT ASSETS
Debtors	5	640,837		789,946
Cash at bank and in hand		285,718		516,837

		926,555		1,306,783
Creditors: Amounts Falling Due Within One Year	6	(687,291 )		(1,070,793 )

NET CURRENT ASSETS (LIABILITIES)			239,264		235,990

TOTAL ASSETS LESS CURRENT LIABILITIES			267,622		271,601

Creditors: Amounts Falling Due After More Than One Year	7		(66,000 )		(96,287 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			201,622		175,314

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		135,000		164,383
Other amounts		1		2,340

			135,001		166,723

Equity
Members' other interests
Other reserves		66,621		8,591

			66,621		8,591

			201,622		175,314

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			135,001		166,723
Members' other interests			66,621		8,591

			201,622		175,314

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Counterculture Partnership 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 Tomas Wilcox

Designated Member

18/09/2026

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

1. General Information

Counterculture Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC370322 . The Registered Office is 23 St leonards Road, Bexhill, East Sussex, TN40 1HH.

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:

Leasehold	20% straight line
Plant & Machinery	20% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 15 (2025: 12)

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Counterculture Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2025	10,000	81,894	91,894
Additions	-	14,160	14,160
Disposals	-	(16,586 )	(16,586 )

As at 31 March 2026	10,000	79,468	89,468

Depreciation
As at 1 April 2025	8,000	48,283	56,283
Provided during the period	2,000	7,715	9,715
Disposals	-	(4,888 )	(4,888 )

As at 31 March 2026	10,000	51,110	61,110

Net Book Value
As at 31 March 2026	-	28,358	28,358

As at 1 April 2025	2,000	33,611	35,611

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	603,184	665,292
Other debtors	37,653	124,654

	640,837	789,946

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	105,733	319,655
Bank loans and overdrafts	37,866	45,208
Other creditors	223,499	366,594
Taxation and social security	320,193	339,336

	687,291	1,070,793

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	26,000	56,287
Debentures	40,000	40,000

	66,000	96,287

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