REGISTERED NUMBER: OC301558 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUSSEX SURVEYORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D R Aspey

P R Street

T J Pearson

L G P Field

REGISTERED OFFICE:

10A The Drive

Hove

East Sussex

BN3 3JA

REGISTERED NUMBER:

OC301558 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

40,061

43,888

CURRENT ASSETS

Debtors

5

284,917

119,154

Cash at bank and in hand

20,937

77,748

305,854

196,902

CREDITORS

Amounts falling due within one year

6

(198,689

)

(142,625

)

NET CURRENT ASSETS

107,165

54,277

TOTAL ASSETS LESS CURRENT LIABILITIES

147,226

98,165

CREDITORS

Amounts falling due after more than one year

7

(68,709

)

(44,304

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

78,517

53,861

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

78,417

53,761

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

78,517

53,861

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

78,417

53,761

Members' other interests

100

100

Amounts due from members

5

(42,720

)

(11,940

)

35,797

41,921

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.

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 15 September 2025 and were signed by:

D R Aspey - Designated member

1.	STATUTORY INFORMATION

Sussex Surveyors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Members' participation rights

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.

Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

23,886

80,351

33,263

137,500

Additions

305

16,383

6,287

22,975

At 31 March 2025

24,191

96,734

39,550

160,475

DEPRECIATION

At 1 April 2024

13,660

53,215

26,737

93,612

Charge for year

2,083

19,536

5,183

26,802

At 31 March 2025

15,743

72,751

31,920

120,414

NET BOOK VALUE

At 31 March 2025

8,448

23,983

7,630

40,061

At 31 March 2024

10,226

27,136

6,526

43,888

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

80,351

Additions

16,383

At 31 March 2025

96,734

DEPRECIATION

At 1 April 2024

53,215

Charge for year

19,536

At 31 March 2025

72,751

NET BOOK VALUE

At 31 March 2025

23,983

At 31 March 2024

27,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,232

56,789

Amounts due from members

42,720

11,940

Other debtors

99,580

45,118

Amounts due from related party

91,346

-

Prepayments

7,039

5,307

284,917

119,154

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,181

10,000

Hire purchase contracts

28,725

17,419

Trade creditors

12,293

5,603

VAT

31,322

21,718

Other creditors

104,457

86,284

Accrued expenses

1,711

1,601

198,689

142,625

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

12,914

10,000

Bank loans - 2-5 years

30,000

3,277

Hire purchase contracts

25,795

31,027

68,709

44,304

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

9.	ULTIMATE CONTROLLING PARTY

Sussex Surveyors LLP is under the control of its designated members, D R Aspey, P R Street, T J Pearson and L G Field.