YBRD LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC447588

YBRD LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

YBRD LLP

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		100,370	125,463

Current assets

Debtors	6	206,851	219,240
Cash at bank and in hand		1,204	2,652
		---------	---------
		208,055	221,892

Creditors: amounts falling due within one year	7	( 216,510)		( 235,075)
		---------		---------
Net current liabilities			( 8,455)	( 13,183)
			---------	---------
Total assets less current liabilities			91,915	112,280

Creditors: amounts falling due after more than one year	8	( 91,915)	( 112,280)
		--------	---------
Net liabilities		–	–
		--------	---------

Represented by:

Loans and other debts due to members

Other amounts	–	–
	----	----

Members' other interests

Other reserves	–	–
	----	----
	–	–
	----	----

Total members' interests

Amounts due from members	(201,571)	(218,082)
Loans and other debts due to members	–	–
Members' other interests	–	–
	---------	---------
	(201,571)	(218,082)
	---------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

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) 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 .

YBRD LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 30 September 2026 , and are signed on their behalf by:

M Delicata

Designated Member

Registered number: OC447588

YBRD LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 9 Lincoln Road, Newark, Nottinghamshire, NG22 0HR.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

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 statement of comprehensive income 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 statement of comprehensive income 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 statement of comprehensive income 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.

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	-	20% 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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The LLP only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 2 (2025: 2 ).

5.	Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	152,142	152,142
	---------	---------
Depreciation
At 1 April 2025	26,679	26,679
Charge for the year	25,093	25,093
	---------	---------
At 31 March 2026	51,772	51,772
	---------	---------
Carrying amount
At 31 March 2026	100,370	100,370
	---------	---------
At 31 March 2025	125,463	125,463
	---------	---------

6.	Debtors

	2026	2025
	£	£
Amounts due from members	201,571	218,082
Other debtors	5,280	1,158
	---------	---------
	206,851	219,240
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Accruals and deferred income	6,000	3,000
Obligations under finance leases and hire purchase contracts	20,365	16,354
Other creditors	190,145	215,721
	---------	---------
	216,510	235,075
	---------	---------

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Obligations under finance leases and hire purchase contracts	91,915	112,280
	--------	---------

Obligations under finance leases and hire purchase contracts are secured on the assets concerned .