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REGISTERED NUMBER: OC320452 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COLLINS BENSON GOLDHILL LLP

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLINS BENSON GOLDHILL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DESIGNATED MEMBERS: W H Hsu
L M Brassey





REGISTERED OFFICE: 26-28 Great Portland Street
London
W1W 8QT





REGISTERED NUMBER: OC320452 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,805 21,721

CURRENT ASSETS
Debtors 5 1,456,689 1,115,745
Cash at bank and in hand 6 5,174,049 3,496,081
6,630,738 4,611,826
CREDITORS
Amounts falling due within one year 7 5,799,669 4,131,817
NET CURRENT ASSETS 831,069 480,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,874

501,730

CREDITORS
Amounts falling due after more than one
year

8

152,565

77,604
NET ASSETS ATTRIBUTABLE TO
MEMBERS

703,309

424,126

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

478,309

199,126

MEMBERS' OTHER INTERESTS
Capital accounts 225,000 225,000
703,309 424,126

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 478,309 199,126
Members' other interests 225,000 225,000
703,309 424,126

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 2025.

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.

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

BALANCE SHEET - continued
31 MARCH 2025


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 8 July 2025 and were signed by:





W H Hsu - Designated member

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Collins Benson Goldhill 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 LLP's functional and presentation currency 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents net invoiced sales of legal services, excluding value added tax.

Revenue is recognised in the accounting period in which the services were rendered.

Work in progress, valued at recoverable amount, is included in turnover and is classified as accrued income within trade debtors in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 26 (2024 - 23 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2024 93,807
Additions 14,518
Disposals (48,667 )
At 31 March 2025 59,658
DEPRECIATION
At 1 April 2024 72,086
Charge for year 11,104
Eliminated on disposal (48,337 )
At 31 March 2025 34,853
NET BOOK VALUE
At 31 March 2025 24,805
At 31 March 2024 21,721

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,040,114 913,420
Other debtors 3,324 3,168
Prepayments 413,251 199,157
1,456,689 1,115,745

6. CASH AT BANK AND IN HAND
2025 2024
£    £   
Office deposit accounts 100,053 51
Office account 18,596 -
General client bank accounts 5,055,154 3,495,662
Cash in hand 246 368
5,174,049 3,496,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Loans and overdrafts 366,507 414,147
Trade creditors 24,105 16,634
Social security and other taxes 49,435 44,921
VAT 165,653 82,402
Other creditors - 28,341
Amounts due to clients 5,055,154 3,495,662
Accrued expenses 138,815 49,710
5,799,669 4,131,817

Amounts due to clients relate to monies held in the general client bank accounts.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank and other loans - 1-2
years 152,565 44,271
Bank and other loans - 2-5
years - 33,333
152,565 77,604

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 122,430 119,495
Between one and five years - 115,386
122,430 234,881

The above leases relate to LLP's business premises and equipment rentals.

COLLINS BENSON GOLDHILL LLP (REGISTERED NUMBER: OC320452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Loans and overdrafts 519,072 491,751

The loans are secured by the LLP members' personal guarantees.

The partnership has an agreed overdraft facility with HSBC Bank Plc of £150,000. The overdraft is secured by a floating charge over the partnership assets.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

12. CHANGE OF ACCOUNTING PERIOD

In the previous period, the LLP has shortened its accounting period to 31 March 2024. This was to comply with the changes introduced by HMRC basis period reforms. The profit and loss comparative figures shown in these accounts therefore represent a five-month period and are not comparable.