R & J LOUSADA LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2026

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DESIGNATED MEMBERS:

J I Lousada

R P Lousada

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

OC325304 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,665,301

1,568,403

1,665,301

1,568,403

CURRENT ASSETS

Stocks

300

300

Debtors

6

82,039

54,868

Cash at bank and in hand

264,041

287,988

346,380

343,156

CREDITORS

Amounts falling due within one year

7

169,961

211,467

NET CURRENT ASSETS

176,419

131,689

TOTAL ASSETS LESS CURRENT LIABILITIES

1,841,720

1,700,092

CREDITORS

Amounts falling due after more than one year

8

1,065,497

959,935

NET ASSETS ATTRIBUTABLE TO MEMBERS

776,223

740,157

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

776,223

740,157

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

776,223

740,157

Amounts due from members

6

(81,804

)

(52,222

)

694,419

687,935

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 31st 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 24th July 2026 and were signed by:

R P Lousada - Designated member

1.	STATUTORY INFORMATION

R & J Lousada LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents kennel services provided, stated net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Assets held under finance leases are capitalised and depreciated over their useful lives.The lease obligation is treated in the balance sheet as a liability and the interest element of rental obligations is charged to the profit and loss 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

25,000

AMORTISATION

At 1st April 2025

and 31st March 2026

25,000

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2025

1,538,453

99,912

15,109

13,149

1,666,623

Additions

20,709

97,127

-

3,012

120,848

At 31st March 2026

1,559,162

197,039

15,109

16,161

1,787,471

DEPRECIATION

At 1st April 2025

-

77,819

10,899

9,502

98,220

Charge for year

-

20,853

1,052

2,045

23,950

At 31st March 2026

-

98,672

11,951

11,547

122,170

NET BOOK VALUE

At 31st March 2026

1,559,162

98,367

3,158

4,614

1,665,301

At 31st March 2025

1,538,453

22,093

4,210

3,647

1,568,403

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

616

915

Doubtful debt provision

(381

)

-

Amounts due from members

81,804

52,222

Prepayments and accrued income

-

1,731

82,039

54,868

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans

102,660

123,840

Trade creditors

5,242

10,453

Social security and other taxes

3,534

13,438

Pensions

895

1,944

VAT

55,030

58,944

Accrued expenses

2,600

2,848

169,961

211,467

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

1,065,497

959,935

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

4,908

4,908

Between one and five years

7,771

12,679

12,679

17,587

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

1,065,497

959,935

Bank loans

102,660

123,840

1,168,157

1,083,775

The bank and mortgage loans are secured by a first legal charge over the LLP's freehold premises.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital is repayable on retirement from the LLP. In the event of a winding up, members' capital would rank after unsecured creditors.

12.	ULTIMATE CONTROLLING PARTY

The LLP was under the control of Mr R and Mrs J Lousada throughout the whole period.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of R & J Lousada LLP for the year ended 31st March 2026 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of R & J Lousada LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R & J Lousada LLP and state those matters that we have agreed to state to the members of R & J Lousada LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & J Lousada LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that R & J Lousada LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R & J Lousada LLP. You consider that R & J Lousada LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R & J Lousada LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

14th October 2026