NORCS LLP - Filleted accounts

Registered number

OC444253

NORCS LLP

Filleted Accounts

31 March 2026

NORCS LLP
Registered number:		OC444253
Balance Sheet
as at 31 March 2026
Notes		2026		2025
£			£
Current assets
Cash at bank and in hand		1,943		2,409

Creditors: amounts falling due within one year	3	(960)		(270)

Net current assets		983		2,139

Total assets less current liabilities		983		2,139



Net assets attributable to members		983		2,139

Represented by:
Loans and other debts due to members	4	(50,593)		(50,484)

Members' other interests
Other reserves		51,576		52,623

		983		2,139

Total members' interests
Loans and other debts due to members	4	(50,593)		(50,484)
Members' other interests		51,576		52,623

		983		2,139

For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 19 October 2026 and signed on their behalf by:


N O'Rourke
Designated member

NORCS LLP
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Computer equipment	33.33% on cost

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



2	Employees		2026		2025
Number				Number

	Average number of persons employed by the LLP		-		-


3	Creditors: amounts falling due within one year		2026		2025
£				£

	Other creditors		960		270




4	Loans and other debts due to members		2026		2025
£				£

	Amounts due to members in respect of profits		(50,593)		(50,484)

	Amounts falling due within one year		(50,593)		(50,484)

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


5	Other information

	NORCS LLP is a limited liability partnership incorporated in England. Its registered office is:
	Parker House
	44 Stafford Road
	Wallington
	Surrey
	SM6 9AA