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REGISTERED NUMBER: OC437540 (England and Wales)












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:

Mr W T Bromwich
Mr F E Bromwich

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:





Mr W T Bromwich - Designated member


19 August 2025

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 1,914,930 1,560,431

Cost of sales 187,333 237,525
GROSS PROFIT 1,727,597 1,322,906

Administrative expenses 1,264,729 869,066
OPERATING PROFIT 4 462,868 453,840

Interest receivable and similar income 20,571 11,457
483,439 465,297

Interest payable and similar expenses 5,133 4,554
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 6 400,000 400,000
Tangible assets 7 109,628 128,021
509,628 528,021

CURRENT ASSETS
Debtors 8 182,010 90,968
Cash at bank and in hand 81,628 91,134
263,638 182,102
CREDITORS
Amounts falling due within one year 9 358,342 316,952
NET CURRENT LIABILITIES (94,704 ) (134,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,924

393,171

CREDITORS
Amounts falling due after more than one
year

10

(37,628

)

(54,582

)

ACCRUALS AND DEFERRED INCOME (87,715 ) (24,628 )
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 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.

BROMWICH HARDY LLP (REGISTERED NUMBER: OC437540)

BALANCE SHEET - continued
31 March 2025


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

The financial statements were approved by the members of the LLP and authorised for issue on 19 August 2025 and were signed by:





Mr W T Bromwich - Designated member

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: OC437540

Registered office: 1 The Cobalt Centre
Siskin Parkway East
Middlemarch Business Park
Coventry
West Midlands
CV3 4PE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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 15 (2024 - 13 ) .

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 29,722 26,391

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 400,000
NET BOOK VALUE
At 31 March 2025 400,000
At 31 March 2024 400,000

7. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 2,500 177,197 179,697
Additions - 11,329 11,329
At 31 March 2025 2,500 188,526 191,026
DEPRECIATION
At 1 April 2024 - 51,676 51,676
Charge for year - 29,722 29,722
At 31 March 2025 - 81,398 81,398
NET BOOK VALUE
At 31 March 2025 2,500 107,128 109,628
At 31 March 2024 2,500 125,521 128,021

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 100,898 28,740
Other debtors 81,112 62,228
182,010 90,968

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 11,352 11,352
Trade creditors 78,852 68,721
Amounts owed to participating interests 50,000 -
Taxation and social security 104,706 94,738
Other creditors 102,784 131,493
358,342 316,952

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,711 11,791
Hire purchase contracts 35,917 42,791
37,628 54,582

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