REGISTERED NUMBER: OC338615 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SIMMONS BROTHERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

G Simmons

R Simmons

Registered office:

Unit 23 IO Trade Centre

57a Croydon Road

Beddington

Croydon

Surrey

CR0 4WQ

Registered number:

OC338615 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

344

458

Investment property

5

950,000

825,000

950,344

825,458

Current assets

Debtors

6

1,424

1,280

Cash at bank

3,940

69

5,364

1,349

Creditors

Amounts falling due within one year

7

23,545

23,274

Net current liabilities

(18,181

)

(21,925

)

Total assets less current liabilities

932,163

803,533

Creditors

Amounts falling due after more than one year

8

94,064

122,378

Net assets attributable to members

838,099

681,155

Loans and other debts due to members

9

429,168

397,224

Members' other interests

Revaluation reserve

10

408,931

283,931

838,099

681,155

Total members' interests

Loans and other debts due to members

9

429,168

397,224

Members' other interests

408,931

283,931

838,099

681,155

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 December 2024.

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 17 September 2025 and were signed by:

G Simmons - Designated member

R Simmons - Designated member

1.	Statutory information

Simmons Brothers 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	Employee information

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

and 31 December 2024

34,759

Depreciation

At 1 January 2024

34,301

Charge for year

114

At 31 December 2024

34,415

Net book value

At 31 December 2024

344

At 31 December 2023

458

5.	Investment property

Total

£

Fair value

At 1 January 2024

825,000

Revaluations

125,000

At 31 December 2024

950,000

Net book value

At 31 December 2024

950,000

At 31 December 2023

825,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

825,000

Valuation in 2024

125,000

950,000

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

1,424

1,280

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Taxation and social security

2,565

2,654

Other creditors

20,980

20,620

23,545

23,274

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Other creditors

94,064

122,378

9.

Loans and other debts due to members

2024

2023

£

£

Amounts owed to members in respect of profits

429,168

397,224

Falling due within one year

429,168

397,224

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

10.

Reserves

Revaluation

reserve

£

At 1 January 2024

283,931

Revaluation in year

125,000

At 31 December 2024

408,931