REGISTERED NUMBER: OC374767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CRANE AND WALTON LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Andrew Klimowicz Limited

Matthew Needham Limited

Mrs R M Taylor

Ms P M Crane

REGISTERED OFFICE:

21-25

London Road

Coalville

Leicestershire

LE67 3JB

REGISTERED NUMBER:

OC374767 (England and Wales)

FIXED ASSETS

Tangible assets

4

125,732

67,532

CURRENT ASSETS

Debtors

5

1,198,580

1,108,790

Cash at bank and in hand

329,672

421,176

1,528,252

1,529,966

CREDITORS

Amounts falling due within one year

6

515,997

449,566

NET CURRENT ASSETS

1,012,255

1,080,400

TOTAL ASSETS LESS CURRENT LIABILITIES

1,137,987

1,147,932

CREDITORS

Amounts falling due after more than one year

7

22,222

22,272

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,115,765

1,125,660

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

1,111,765

1,121,660

MEMBERS' OTHER INTERESTS

Capital accounts

4,000

4,000

1,115,765

1,125,660

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

1,111,765

1,121,660

Members' other interests

4,000

4,000

1,115,765

1,125,660

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 March 2026.

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 2 September 2026 and were signed by:

Matthew Needham Limited - Designated member

Ms P M Crane - Designated member

1.	STATUTORY INFORMATION

Crane and Walton 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 represents amounts chargeable to clients for the provision of professional services that have been provided during the year. These amounts include direct recoverable expenses incurred but exclude Value Added Tax. The LLP recognises income, including expenses, at the point where it obtains the right to consideration. The excess of the right to consideration over invoiced amounts is shown within accrued income. Turnover in respect of contingent fee assignments is only recognised when the contingent event occurs.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% reducing bal. and 20% straight line

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Operating lease incentives - the benefit of the incentive is allocated over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 46 (2025 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 April 2025

56,431

306,801

363,232

Additions

62,911

15,798

78,709

At 31 March 2026

119,342

322,599

441,941

DEPRECIATION

At 1 April 2025

39,501

256,199

295,700

Charge for year

7,740

12,769

20,509

At 31 March 2026

47,241

268,968

316,209

NET BOOK VALUE

At 31 March 2026

72,101

53,631

125,732

At 31 March 2025

16,930

50,602

67,532

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

372,051

474,007

Other debtors

826,529

634,783

1,198,580

1,108,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

246,993

166,034

Trade creditors

77,008

69,360

Taxation and social security

186,068

200,516

Other creditors

5,928

13,656

515,997

449,566

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

22,222

22,272

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

246,993

166,034

Amounts falling due between one and two years:

Bank loans - 1-2 years

22,222

22,272

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

46,458

30,000

Between one and five years

49,105

62,500

95,563

92,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

269,215

188,306

The bank loans outstanding to Lloyds are secured by a debenture over the assets of the LLP.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included with loans and other amounts due to members would rank equally with amounts due to other unsecured creditors.