Registered number
OC332832
BPH Wealth Management LLP
Filleted Accounts
30 June 2025
BPH Wealth Management LLP
Registered number: OC332832
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 105,154 25,651
Current assets
Debtors 4 15,534 8,425
Cash at bank and in hand 406,249 324,443
421,783 332,868
Creditors: amounts falling due within one year 5 (143,451) (135,971)
Net current assets 278,332 196,897
Total assets less current liabilities 383,486 222,548
Net assets attributable to members 383,486 222,548
Represented by:
Loans and other debts due to members 6 213,544 64,233
Members' other interests
Members' capital classified as equity 50,000 50,000
Other reserves 119,942 108,315
169,942 158,315
383,486 222,548
Total members' interests
Loans and other debts due to members 6 213,544 64,233
Members' other interests 169,942 158,315
383,486 222,548
For the year ended 30 June 2025 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 31 July 2025 and signed on their behalf by:
Mr M A Freedman
Designated member
BPH Wealth Management LLP
Notes to the Accounts
for the year ended 30 June 2025
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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:
Fixtures, fittings, motor vehicles and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the LLP 20 20
3 Tangible fixed assets
Fixtures, fittings, motor vehicles and equipment
£
Cost
At 1 July 2024 341,563
Additions 83,300
Disposals (54,580)
At 30 June 2025 370,283
Depreciation
At 1 July 2024 315,912
Charge for the year 3,797
On disposals (54,580)
At 30 June 2025 265,129
Net book value
At 30 June 2025 105,154
At 30 June 2024 25,651
4 Debtors 2025 2024
£ £
Other debtors 15,534 8,425
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 61,184 -
Trade creditors 82,267 135,971
143,451 135,971
6 Loans and other debts due to members 2025 2024
£ £
Loans from members 83,419 83,419
Amounts due to members in respect of profits 130,125 (19,186)
213,544 64,233
Amounts falling due within one year 213,544 64,233
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
BPH Wealth Management LLP is a limited liability partnership incorporated in England. Its registered office is:
Oddstones House
Thompsons Close
Harpenden
Herts
AL5 4ES
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