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REGISTERED NUMBER: OC307119 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRAHAM WATT & CO LLP

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

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

Chartered Certified Accountants' Report 7

GRAHAM WATT & CO LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







Designated members: Mr N A Kirkham
Tango IP Limited





Registered office: St. Botolph's House
7-9 St Botolph's Road
Sevenoaks
Kent
TN13 3AJ





Registered number: OC307119 (England and Wales)





Accountants: Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 654 775

Current assets
Debtors 5 437,076 606,358
Cash at bank and in hand 70,166 169,616
507,242 775,974
Creditors
Amounts falling due within one year 6 131,037 127,213
Net current assets 376,205 648,761
Total assets less current liabilities 376,859 649,536

Provisions for liabilities 26,992 -
Net assets attributable to members 349,867 649,536

Loans and other debts due to members 7 229,867 529,536

Members' other interests
Capital accounts 120,000 120,000
349,867 649,536

Total members' interests
Loans and other debts due to members 7 229,867 529,536
Members' other interests 120,000 120,000
349,867 649,536

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.

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

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 14 July 2025 and were signed by:





Mr N A Kirkham - Designated member

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

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


1. STATUTORY INFORMATION

Graham Watt & Co 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 Pound Sterling (£) to the nearest Pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships, with the exception of accounting for annuities payable to former partners. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Improvements to property- over the term of the lease
Office equipment- 25% on cost
Fixtures and fittings- 25% on cost
Computer equipment- 33.3% on cost

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.

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.

Annuities payable to former partners
Annuities payable to former partners are charged to the income statement in the period to which the payment becomes due.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 9 ) .

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2024 140,400 3,829 84,061 18,456 246,746
Additions - - - 1,107 1,107
Disposals (60,372 ) - - - (60,372 )
At 31 March 2025 80,028 3,829 84,061 19,563 187,481
Depreciation
At 1 April 2024 140,400 3,473 84,061 18,037 245,971
Charge for year - 356 - 872 1,228
Eliminated on disposal (60,372 ) - - - (60,372 )
At 31 March 2025 80,028 3,829 84,061 18,909 186,827
Net book value
At 31 March 2025 - - - 654 654
At 31 March 2024 - 356 - 419 775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 339,564 547,794
Other debtors 48,941 9,288
Prepayments 31,320 44,043
Accrued income 17,251 5,233
437,076 606,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 32,411 79,187
Social security and other taxes 10,130 15,681
Other creditors 1,041 552
Accrued expenses 87,455 31,793
131,037 127,213

GRAHAM WATT & CO LLP (REGISTERED NUMBER: OC307119)

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


7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Loans from members - 164,336
Amounts owed to members in respect of profits 205,619 286,209
Taxation provision accounts 24,248 78,991
229,867 529,536

Falling due within one year 229,867 529,536

Loans and other debts due to members rank equally with other creditors regarding payment.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GRAHAM WATT & CO LLP


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 Graham Watt & Co LLP for the year ended 31 March 2025 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of Graham Watt & Co 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 Graham Watt & Co LLP and state those matters that we have agreed to state to the members of Graham Watt & Co LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Graham Watt & Co 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 Graham Watt & Co LLP. You consider that Graham Watt & Co 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 Graham Watt & Co 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.






Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR


14 July 2025