REGISTERED NUMBER: OC334452 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Darwin Gray LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Darwin Gray LLP for the year ended 31 March 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Darwin Gray LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Darwin Gray LLP and state those matters that we have agreed to state to the members of Darwin Gray LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Darwin Gray LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Darwin Gray LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Darwin Gray LLP. You consider that Darwin Gray LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Darwin Gray LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

25 September 2025

FIXED ASSETS

Tangible assets

4

169,182

163,072

Investments

5

3

3

169,185

163,075

CURRENT ASSETS

Work in progress

1,164,237

1,017,267

Debtors

6

1,221,172

833,420

Cash at bank and in hand

74,954

347,444

2,460,363

2,198,131

CREDITORS

Amounts falling due within one year

7

598,754

569,415

NET CURRENT ASSETS

1,861,609

1,628,716

TOTAL ASSETS LESS CURRENT LIABILITIES

2,030,794

1,791,791

CREDITORS

Amounts falling due after more than one year

8

18,554

68,253

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,012,240

1,723,538

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

2,012,240

1,723,538

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

2,012,240

1,723,538

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 Profit & Loss Account 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:

D J Phillips - Designated member

1.	STATUTORY INFORMATION

Darwin Gray LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC334452

Registered office:

9 Cathedral Road

Cardiff

CF11 9HA

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.

Improvements to property

-

10% straight line

Plant and machinery

-

15% straight line

Fixtures and fittings

-

25% straight line and 20% straight line

Work in progress

Income due in respect of contracts for uninvoiced ongoing services is recognised by reference to the stage of completion at the year end. The amount of uninvoiced services is shown in the balance sheet as work in progress.

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 40 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

119,528

160,099

57,578

337,205

Additions

6,270

41,361

3,234

50,865

Disposals

-

(86,629

)

-

(86,629

)

At 31 March 2025

125,798

114,831

60,812

301,441

DEPRECIATION

At 1 April 2024

34,752

114,831

24,550

174,133

Charge for year

12,579

23,511

8,665

44,755

Eliminated on disposal

-

(86,629

)

-

(86,629

)

At 31 March 2025

47,331

51,713

33,215

132,259

NET BOOK VALUE

At 31 March 2025

78,467

63,118

27,597

169,182

At 31 March 2024

84,776

45,268

33,028

163,072

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

3

NET BOOK VALUE

At 31 March 2025

3

At 31 March 2024

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

916,252

674,616

Other debtors & prepayments

304,920

158,804

1,221,172

833,420

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loan and overdraft

50,000

50,000

Hire purchase contracts

2,386

2,692

Trade creditors

71,011

64,824

Taxation and social security

275,249

217,067

Other creditors & accruals

200,108

234,832

598,754

569,415

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

16,666

66,667

Hire purchase contracts

1,888

1,586

18,554

68,253

9.	SECURED DEBTS

The bank loans are secured over the LLP's whole assets and undertaking.

The hire purchase contracts are secured over the assets concerned.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

2,012,240

1,723,538

Falling due within one year

2,012,240

1,723,538

11.	OTHER FINANCIAL COMMITMENTS

The company had total financial commitments of £372,492 at the balance sheet date (2024 - £167,596).