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REGISTERED NUMBER: 03669014 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BREAKWELL SUMNER PARTNERSHIP LIMITED

BREAKWELL SUMNER PARTNERSHIP LIMITED (REGISTERED NUMBER: 03669014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


BREAKWELL SUMNER PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C A Roddick
Mr C J Hilton
Mr P M Elphick
Mr A N Goddard





SECRETARY: Mr D J Rice





REGISTERED OFFICE: 12 Oxford Street
Nottingham
Nottinghamshire
NG1 5BG





REGISTERED NUMBER: 03669014 (England and Wales)





ACCOUNTANTS: David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BREAKWELL SUMNER PARTNERSHIP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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, we have prepared for your approval the financial statements of Breakwell Sumner Partnership Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company'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 Board of Directors of Breakwell Sumner Partnership Limited, 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 Breakwell Sumner Partnership Limited and state those matters that we have agreed to state to the Board of Directors of Breakwell Sumner Partnership Limited, 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 company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Breakwell Sumner Partnership Limited 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 Breakwell Sumner Partnership Limited. You consider that Breakwell Sumner Partnership Limited 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 Breakwell Sumner Partnership Limited. 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.






David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL


24 July 2025

BREAKWELL SUMNER PARTNERSHIP LIMITED (REGISTERED NUMBER: 03669014)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 735,429 577,599

CURRENT ASSETS
Debtors 5 1,020,188 967,612
Cash at bank and in hand 155,234 62,591
1,175,422 1,030,203
CREDITORS
Amounts falling due within one year 6 706,924 636,230
NET CURRENT ASSETS 468,498 393,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203,927

971,572

PROVISIONS FOR LIABILITIES 8 15,461 -
NET ASSETS 1,188,466 971,572

CAPITAL AND RESERVES
Called up share capital 9 82 82
Share premium 10 46,516 46,516
Revaluation reserve 10 314,253 224,253
Capital redemption reserve 10 28 28
Retained earnings 10 827,587 700,693
SHAREHOLDERS' FUNDS 1,188,466 971,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr C J Hilton - Director


BREAKWELL SUMNER PARTNERSHIP LIMITED (REGISTERED NUMBER: 03669014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Breakwell Sumner Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of civil engineering and related services performed on behalf of clients, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and equipment - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 57 ) .

BREAKWELL SUMNER PARTNERSHIP LIMITED (REGISTERED NUMBER: 03669014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 610,000 60,812 107,190 778,002
Additions - 7,724 17,437 25,161
Revaluations 90,000 - - 90,000
At 31 December 2024 700,000 68,536 124,627 893,163
DEPRECIATION
At 1 January 2024 61,000 51,206 88,197 200,403
Charge for year 12,200 2,602 15,729 30,531
Revaluation adjustments (73,200 ) - - (73,200 )
At 31 December 2024 - 53,808 103,926 157,734
NET BOOK VALUE
At 31 December 2024 700,000 14,728 20,701 735,429
At 31 December 2023 549,000 9,606 18,993 577,599

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold and Computer
property equipment equipment Totals
£    £    £    £   
Valuation in 2007 169,000 - - 169,000
Valuation in 2016 (50,000 ) - - (50,000 )
Valuation in 2019 60,000 - - 60,000
Valuation in 2024 90,000 - - 90,000
Cost 431,000 68,536 124,627 624,163
700,000 68,536 124,627 893,163

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 431,000 431,000
Aggregate depreciation 189,640 181,020

Freehold land and buildings were valued on an open market basis on 6 July 2021 by FHP Property Consultants .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 927,367 881,398
Other debtors 92,821 86,214
1,020,188 967,612

BREAKWELL SUMNER PARTNERSHIP LIMITED (REGISTERED NUMBER: 03669014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 136,281
Trade creditors 237,286 162,346
Taxation and social security 398,420 281,660
Other creditors 71,218 55,943
706,924 636,230

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 136,281

The bank loan and overdraft are secured by a fixed legal charge dated 9 December 2002 over the freehold property owned by the company, and by a fixed and floating legal charge dated 2 December 2005 over the whole of the assets and undertaking of the company.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,461 -

Deferred
tax
£   
Provided during year 15,461
Balance at 31 December 2024 15,461

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,208 Ordinary shares £0.01 82 82

10. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 January 2024 700,693 46,516 224,253 28 971,490
Profit for the year 244,978 244,978
Dividends (118,084 ) (118,084 )
Revaluation adjustment - - 90,000 - 90,000
At 31 December 2024 827,587 46,516 314,253 28 1,188,384