REGISTERED NUMBER: OC311402 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2025

for

Talbot Walker LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

S T Q Walker

Mrs J L Walker

R J Hurst

Miss L D Fletcher

REGISTERED OFFICE:

South Wing

Wessex Chambers

South Street

Andover

Hampshire

SP10 2BN

REGISTERED NUMBER:

OC311402 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

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 the provision of legal services.

DESIGNATED MEMBERS

The designated members during the year under review were:

S T Q Walker

Mrs J L Walker

Miss S Adlem

R J Hurst

Miss L D Fletcher

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £1,178,218 (2024 - £963,798 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

S T Q Walker - Designated member

19 September 2025

TURNOVER

1,767,707

1,394,766

Cost of sales

2,263

1,639

GROSS PROFIT

1,765,444

1,393,127

Administrative expenses

745,084

622,726

OPERATING PROFIT

4

1,020,360

770,401

Interest receivable and similar income

302,396

304,310

1,322,756

1,074,711

Interest payable and similar expenses

144,538

110,913

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

1,178,218

963,798

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

1,178,218

963,798

Members' remuneration charged as an expense

5

(134,942

)

(114,051

)

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

1,043,276

849,747

FIXED ASSETS

Tangible assets

6

90,264

8,888

CURRENT ASSETS

Debtors

7

621,738

700,919

Cash at bank and in hand

1,909,841

1,365,140

2,531,579

2,066,059

CREDITORS

Amounts falling due within one year

8

295,798

191,745

NET CURRENT ASSETS

2,235,781

1,874,314

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,326,045

1,883,202

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

2,326,045

1,883,202

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

2,326,045

1,883,202

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 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 September 2025 and were signed by:

S T Q Walker - Designated member

1.	STATUTORY INFORMATION

Talbot Walker 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.

Plant and machinery etc

-

33% on cost and 10% on reducing balance

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.

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 15 (2024 - 12 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

5,189

4,318

5.	INFORMATION IN RELATION TO MEMBERS

31.3.25

31.3.24

£

£

Members' remuneration charged as an expense

Partners' interest on capital

134,942

114,051

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

38,244

Additions

88,905

Disposals

(28,105

)

At 31 March 2025

99,044

DEPRECIATION

At 1 April 2024

29,356

Charge for year

5,189

Eliminated on disposal

(25,765

)

At 31 March 2025

8,780

NET BOOK VALUE

At 31 March 2025

90,264

At 31 March 2024

8,888

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

113,835

202,514

Amounts recoverable on contract

397,913

414,379

Other debtors

109,990

84,026

621,738

700,919

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

62,148

3,947

Other creditors

233,650

187,798

295,798

191,745

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

2,326,045

1,883,202

Falling due within one year

2,326,045

1,883,202

Amounts due to members rank pari passu to other creditors.