REGISTERED NUMBER: OC404692 (England and Wales)

UHY CALVERT SMITH LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

4

FIXED ASSETS

Tangible assets

4

52,035

51,447

Investments

5

1

1

52,036

51,448

CURRENT ASSETS

Stocks

-

2,000

Debtors

6

831,565

875,762

Cash at bank and in hand

107,768

4,125

939,333

881,887

CREDITORS

Amounts falling due within one year

278,017

312,740

NET CURRENT ASSETS

661,316

569,147

TOTAL ASSETS LESS CURRENT LIABILITIES

713,352

620,595

CREDITORS

Amounts falling due after more than one year

25,682

69,877

NET ASSETS ATTRIBUTABLE TO MEMBERS

687,670

550,718

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

183,670

150,718

MEMBERS' OTHER INTERESTS

Capital accounts

504,000

400,000

687,670

550,718

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

183,670

150,718

Members' other interests

504,000

400,000

687,670

550,718

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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:

Harry Patrick Howley - Designated member

Hayden Lee Priest - Designated member

1.	STATUTORY INFORMATION

UHY Calvert Smith LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC404692

Registered office:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

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.

The long-term financing of the firm is provided by capital introduced by the members, bank facilities and profits retained within the LLP. Current bank facilities, which are reviewed annually, are utilised to provide working capital facilities and to assist in capital projects.

The firm produces annual budgets and forecasts which take account of expected changes in the firm's trading performance and these demonstrate that the firm will be able to operate within its current level of facilities. On this basis, the members consider it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about UHY Calvert Smith LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Revenue recognition

Turnover for the provision of services is recognised when the LLP earns the right to consideration. Turnover excludes Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

25% straight line and 20% straight line

Fixtures and fittings

-

10% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Taxation

The LLP is not subject to tax on its profits as taxation remains the responsibility of its members. Accordingly, no current or deferred tax charge is provided for in these financial statements.

Pensions

The LLP operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 41 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

149,814

Additions

21,879

Disposals

(15,442

)

At 31 March 2025

156,251

DEPRECIATION

At 1 April 2024

98,367

Charge for year

19,625

Eliminated on disposal

(13,776

)

At 31 March 2025

104,216

NET BOOK VALUE

At 31 March 2025

52,035

At 31 March 2024

51,447

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

14,100

14,100

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members other interests rank after unsecured creditors, and loans and other debts due to members ranks equally with other unsecured creditors in the event of a winding up. The members of the LLP have agreed with its bankers that the amounts included in members other interests and the amounts included in loans and other debts due to members will rank behind all amounts due to the bank. The members have also agreed that amounts included in members other interests will not be drawn.

8.	OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments under non-cancellable leases are as follows:

2025

2024

£

£

Amounts payable in less than 1 year

54,000

50,000

Amounts payable in more than one year but less than 5 years

216,000

-

9.	RELATED PARTY DISCLOSURES

The LLP has provided security for a maximum of £425,000 (2024 - £400,000) of member's capital financed by bank loans.