REGISTERED NUMBER: OC345710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

RANDALL & PAYNE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T J Watkins

W J Abbott

R I Case

O A Newbold

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Shurdington

Cheltenham

Glos

GL51 4GA

REGISTERED NUMBER:

OC345710 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

437,702

593,559

Tangible assets

5

31,754

35,586

469,456

629,145

CURRENT ASSETS

Debtors

6

1,369,153

1,309,331

CREDITORS

Amounts falling due within one year

7

772,254

802,933

NET CURRENT ASSETS

596,899

506,398

TOTAL ASSETS LESS CURRENT LIABILITIES

1,066,355

1,135,543

CREDITORS

Amounts falling due after more than one year

8

169,615

232,754

NET ASSETS ATTRIBUTABLE TO MEMBERS

896,740

902,789

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

816,740

822,789

MEMBERS' OTHER INTERESTS

Capital accounts

80,000

80,000

896,740

902,789

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

816,740

822,789

Members' other interests

80,000

80,000

Amounts due from members

6

(729,475

)

(732,664

)

167,265

170,125

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 5 October 2026 and were signed by:

T J Watkins - Designated member

1.	STATUTORY INFORMATION

Randall & Payne 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 comprises revenue recognised by the LLP in respect of goods and services supplied, exclusive of Value Added Tax. Work in progress is valued at selling price and is included as turnover and accrued income.

Goodwill

Goodwill represents amounts paid in connection with past acquisitions and is being written off evenly over its estimated useful life of 5 or 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The members have considered the risks and issues concerning the LLP and it's activities and no material uncertainties that may cast significant doubt about the LLPs ability to continue as a going concern have been identified by the members.

3.	EMPLOYEE INFORMATION

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

1,913,379

AMORTISATION

At 1 April 2025

1,319,820

Charge for year

155,857

At 31 March 2026

1,475,677

NET BOOK VALUE

At 31 March 2026

437,702

At 31 March 2025

593,559

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

195,441

117,171

312,612

DEPRECIATION

At 1 April 2025

185,951

91,075

277,026

Charge for year

1,223

2,609

3,832

At 31 March 2026

187,174

93,684

280,858

NET BOOK VALUE

At 31 March 2026

8,267

23,487

31,754

At 31 March 2025

9,490

26,096

35,586

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

386,221

375,033

Amounts due from members

729,475

732,664

Other debtors

18,063

18,063

Prepayments and accrued income

235,394

183,571

1,369,153

1,309,331

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.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

151,158

162,803

Trade creditors

374,505

401,411

VAT

200,173

200,525

Other creditors

32,885

29,872

Accrued expenses

13,533

8,322

772,254

802,933

Short term creditors are measured at 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.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans repayable between

one and two years

52,832

124,293

Bank loans repayable between

two and five years

116,783

108,461

169,615

232,754

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

191,791

192,692

Between one and five years

714,119

729,909

In more than five years

293,333

469,333

1,199,243

1,391,934

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

85,343

66,017

Bank loans

235,430

329,540

320,773

395,557

The bank overdraft and bank loans are secured by means of a fixed and floating charge over the assets of the LLP.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of the LLP winding up, creditors interests will be met first and interests of the members will be met last.