Limited Liability Partnership registration number OC361664 (England and Wales)
BUREAUX DESIGN ASSOCIATES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BUREAUX DESIGN ASSOCIATES LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BUREAUX DESIGN ASSOCIATES LLP (REGISTERED NUMBER: OC361664)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
37,481
39,124
Current assets
Debtors
4
463,594
290,755
Cash at bank and in hand
33,303
46,367
496,897
337,122
Creditors: amounts falling due within one year
5
(391,087)
(99,385)
Net current assets
105,810
237,737
Total assets less current liabilities and net assets attributable to members
143,291
276,861
Represented by:
Loans and other debts due to members within one year
7
Amounts due in respect of profits
143,291
276,861

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 24 July 2025 and are signed on their behalf by:
24 July 2025
Mrs B Edgar
Designated member
BUREAUX DESIGN ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Bureaux Design Associates LLP is a limited liability partnership incorporated in England and Wales. The registered office is The Loom, 14 Gowers Walk, London, E1 8PY.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax.

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion and costs incurred to complete can be estimated reliably.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

BUREAUX DESIGN ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% straight line
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Taxation

The taxation payable on the partnership profits is solely the personal liability of the individual members consequently neither partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

1.6
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
19
23
BUREAUX DESIGN ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
41,971
5,691
99,309
111,176
15,995
274,142
Additions
-
-
-
9,163
-
9,163
At 31 March 2025
41,971
5,691
99,309
120,339
15,995
283,305
Depreciation and impairment
At 1 April 2024
41,971
4,548
66,346
106,158
15,995
235,018
Depreciation charged in the year
-
171
4,944
5,691
-
10,806
At 31 March 2025
41,971
4,719
71,290
111,849
15,995
245,824
Carrying amount
At 31 March 2025
-
972
28,019
8,490
-
37,481
At 31 March 2024
-
1,143
32,963
5,018
-
39,124
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
339,943
228,220
Other debtors
123,651
62,535
463,594
290,755
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
48,030
28,879
Taxation and social security
22,073
56,984
Other creditors
320,984
13,522
391,087
99,385
BUREAUX DESIGN ASSOCIATES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Deferred income
2025
2024
£
£
Other deferred income
283,001
-
7
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Other amounts
Total
Total
2025
£
£
£
£
Members' interests at 1 April 2024
-
276,861
276,861
276,861
Profit for the financial year available for discretionary division among members
75,145
-
-
75,145
Members' interests after profit for the year
75,145
276,861
276,861
352,006
Allocation of profit for the financial year
(75,145)
75,145
75,145
-
Introduced by members
-
76,000
76,000
76,000
Drawings on account and distributions of profit
-
(284,715)
(284,715)
(284,715)
Members' interests at 31 March 2025
-
143,291
143,291
143,291
8
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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