| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BROMWICH HARDY LLP |
| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BROMWICH HARDY LLP |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2025 |
| Page |
| Report of the Members | 1 |
| Income Statement | 2 |
| Other Comprehensive Income | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| REPORT OF THE MEMBERS |
| for the year ended 31 March 2025 |
| The members present their report with the financial statements of the LLP for the year ended 31 March 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of commercial property specialists. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £478,306 (2024 - £460,743 profit). |
| MEMBERS' INTERESTS |
| ON BEHALF OF THE MEMBERS: |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| INCOME STATEMENT |
| for the year ended 31 March 2025 |
| Period |
| 1.6.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 483,439 | 465,297 |
| Interest payable and similar expenses |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
478,306 |
460,743 |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
478,306 |
460,743 |
| Members' remuneration charged as an expense |
5 |
(478,306 |
) |
(460,743 |
) |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| OTHER COMPREHENSIVE INCOME |
| for the year ended 31 March 2025 |
| Period |
| 1.6.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| OTHER COMPREHENSIVE INCOME |
| Revaluation |
| OTHER COMPREHENSIVE INCOME FOR THE YEAR |
- |
- |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| BALANCE SHEET |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
289,581 |
313,961 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
11 |
289,581 |
313,961 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 11 | 289,581 | 313,961 |
| 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. |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| BALANCE SHEET - continued |
| 31 March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Bromwich Hardy LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Due to the nature of the business, the goodwill is regarded as being held below market value and has therefore not been amortised. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings - 15% on reducing balance |
| Motor vehicles - 20% on reducing balance |
| Computer equipment - 25% 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. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| Period |
| 1.6.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Depreciation - owned assets |
| 5. | INFORMATION IN RELATION TO MEMBERS |
| Period |
| 1.6.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Members' remuneration charged as an expense |
| Automatic division of profit | 478,306 | 460,743 |
| 6. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to participating interests | 50,000 | - |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 289,581 | 313,961 |
| Falling due within one year | 289,581 | 313,961 |