Cunningtons LLP - LLP accounts 24.3

REGISTERED NUMBER: OC395326 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CUNNINGTONS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr J P Bradshaw

Miss K E Hunt

Miss B R Wilmshurst

Miss K E Horsted

Mr M B Taylor

REGISTERED OFFICE:

Great Square

Braintree

Essex

CM7 1UD

REGISTERED NUMBER:

OC395326 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

3rd Floor

Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J P Bradshaw

Miss K E Hunt

Miss B R Wilmshurst

Miss K E Horsted

Mr M B Taylor

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £149,949 (2025 - £864,065 profit).

MEMBERS' INTERESTS

The members' policy on drawings is dependent upon the working requirements of the firm. A conservative level of monthly drawings is set at the start of the financial period and further distributions are made once the results for the financial period and allocation of profits have been finalised.

The level of members' capital is determined by the members from time to time.

ON BEHALF OF THE MEMBERS:

Mr J P Bradshaw - Designated member

9 October 2026

TURNOVER

5,577,226

5,825,119

Cost of sales

412,594

379,523

GROSS PROFIT

5,164,632

5,445,596

Administrative expenses

5,270,031

4,943,435

(105,399

)

502,161

Other operating income

-

4,250

OPERATING (LOSS)/PROFIT

4

(105,399

)

506,411

Interest receivable and similar income

371,860

475,398

266,461

981,809

Interest payable and similar expenses

116,512

117,744

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES

149,949

864,065

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES

149,949

864,065

Members' remuneration charged as an
expense

5

(188,155

)

(196,688

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS

(38,206

)

667,377

FIXED ASSETS

Tangible assets

6

194,735

434,085

CURRENT ASSETS

Debtors

7

925,116

911,153

Cash at bank and in hand

483,954

1,072,770

1,409,070

1,983,923

CREDITORS

Amounts falling due within one year

8

678,890

947,722

NET CURRENT ASSETS

730,180

1,036,201

TOTAL ASSETS LESS CURRENT LIABILITIES

924,915

1,470,286

CREDITORS

Amounts falling due after more than one
year

9

(142,698

)

(183,525

)

PROVISIONS FOR LIABILITIES

(326,000

)

(307,869

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

456,217

978,892

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

456,217

978,892

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

456,217

978,892

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 9 October 2026 and were signed by:

Miss K E Horsted - Designated member

Mr J P Bradshaw - Designated member

1.	STATUTORY INFORMATION

Cunningtons 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.

Turnover

Turnover represents fees earned net of VAT, fees being accounted for as work is performed. Income from conditional assignments is recognised when it can be estimated reliably, revenue is calculated by reference to the stage of completion on the transaction at the end of the reporting period.

Tangible fixed assets

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

Fixtures and Fittings

- 20% on cost

Motor Vehicles

- 20% on cost

Computer Equipment

- 25% on reducing balance

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Amounts recoverable on contracts

Amounts recoverable on contracts represents the estimated selling value of work done by the balance sheet date where the LLP has not yet raised an invoice for the work done.

Taxation

Taxation payable on the profits of the LLP is a personal liability of the members. As such, no provision is made in these accounts.

Allocation of profits and drawings

On approval of the annual financial statements, all profits/losses for the period are allocated to members.

The level and timing of any drawings is decided by the members, taking into account the LLP's cash requirements for operating and investing activities. Drawings represent payments on account of current period profits or draw down of the Members Account.

Pensions

The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the firm in an independently administered fund. The pension contributions payable are charged to the profit and loss account.

3.	EMPLOYEE INFORMATION

The average number of employees, including members with contracts of employment, during the year was 100 (2025 - 93 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging:

2026

2025

£

Depreciation - owned assets

50,667

42,029

5.	INFORMATION IN RELATION TO MEMBERS

2026

2025

£

Members' remuneration charged as an expense

Remuneration paid under an employment
contract

188,155

196,688

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

272,149

707,076

979,225

Additions

-

102,304

Disposals

(272,149

)

-

(272,149

)

At 31 March 2026

-

809,380

DEPRECIATION

At 1 April 2025

-

545,140

Charge for year

-

69,505

At 31 March 2026

-

614,645

NET BOOK VALUE

At 31 March 2026

-

194,735

At 31 March 2025

272,149

161,936

434,085

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

56,513

DEPRECIATION

At 1 April 2025

31,396

Charge for year

18,838

At 31 March 2026

50,234

NET BOOK VALUE

At 31 March 2026

6,279

At 31 March 2025

25,117

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

168,720

216,203

Amounts recoverable on contract

433,039

378,701

Other debtors

323,357

316,249

925,116

911,153

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

213,136

237,052

Trade creditors

25,179

36,034

Taxation and social security

225,419

285,958

Other creditors

215,156

388,678

678,890

947,722

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Deferred income

142,698

183,525

Bank loans are secured by a floating charge over the assets of the limited liability partnership.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

11.	OTHER FINANCIAL COMMITMENTS

The total future minimum payment under non-cancellable operating leases were £752,783 (2025: 857,882).

12.	RELATED PARTY DISCLOSURES

The LLP rents premises whose owners include the member J P Bradshaw and the former members D N Drake and A P Fenton. The LLP paid rent of £47,000 (2025: £47,000) in respect of these premises for the year ended 31 March 2026.

At the balance sheet date, other creditors included an amount of nil (2025: £6,032) which were due to M Moula following his resignation from the firm on 31st March 2023.

13.	ULTIMATE CONTROLLING PARTY

In the opinion of the members there is no ultimate controlling party.