REGISTERED NUMBER: OC327059 (England and Wales)

Financial Statements For The Year Ended 31 December 2024

for

Cumming Group Building Surveying LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Cumming Europe Ltd.

Cumming Group (CMCS) Limited

D Hutchison

REGISTERED OFFICE:

1 Fellmongers Path

Tower Bridge Road

London

SE1 3LY

REGISTERED NUMBER:

OC327059 (England and Wales)

AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

-

3,505

CURRENT ASSETS

Debtors

5

483,073

738,450

Cash at bank

3,702

55,531

486,775

793,981

CREDITORS

Amounts falling due within one year

6

283,953

211,641

NET CURRENT ASSETS

202,822

582,340

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

202,822

585,845

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

202,822

585,845

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

202,822

585,845

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 July 2025 and were signed by:

Cumming Europe Ltd. - Designated member

1.	STATUTORY INFORMATION

Cumming Group Building Surveying LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the same group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts recoverable for services provided to clients under contractual obligations that are performed over time. If completion of contractual obligations is dependent upon external factors then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Statement of Financial Position date are carried forward as work in progress.

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

-

33.33% on cost and 20% on cost

Computer equipment

-

33.33% on cost and 25% on cost

Financial instruments

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contact is entered into and are subsequently re-measured at their fair value. Changes in fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Statement of Financial Position statement of financial positiondate. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

36,263

52,742

89,005

DEPRECIATION

At 1 January 2024

34,326

51,174

85,500

Charge for year

1,937

1,568

3,505

At 31 December 2024

36,263

52,742

89,005

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

1,937

1,568

3,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

448,273

736,295

Accrued income

21,250

-

Prepayments

13,550

2,155

483,073

738,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

15,938

3,188

Social security and other taxes

2,772

1,848

VAT

55,539

76,706

Other creditors

83,231

-

Accrued expenses

126,473

129,899

283,953

211,641

7.	SECURED DEBTS

Wilmington Trust, National Association holds a fixed and floating charge over the assets of the LLP.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Amounts owed to members in respect of profits

202,822

585,845

Falling due within one year

202,822

585,845

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

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

10.	CONTINGENT LIABILITIES

The LLP has granted security against its assets by way of a Debenture in respect of the borrowings of its ultimate parent company, Chartwell Cumming Holding Corporation.

11.	ULTIMATE CONTROLLING PARTY

The parent company is Cumming Europe Limited, which is a company registered in England and has its registered office at 1 Fellmongers Path, Tower Bridge Road, London, England, SE1 3LY.

The ultimate controlling party is Chartwell Parent Inc, which is registered in the US. Its registered office is c/o New Mountain Capital LLC, 1633 Broadway, 48th Floor, New York, NY 10019..