REGISTERED NUMBER: OC326121 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Berry Smith 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 Berry Smith LLP for the year ended 31 March 2025 which comprise the Profit and 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 Berry Smith 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 Berry Smith LLP and state those matters that we have agreed to state to the members of Berry Smith 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 Berry Smith LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Berry Smith 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 Berry Smith LLP. You consider that Berry Smith 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 Berry Smith 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

6 October 2025

FIXED ASSETS

Tangible assets

4

44,527

42,774

CURRENT ASSETS

Work in progress

444,780

440,472

Debtors

5

1,214,237

1,114,395

Cash at bank and in hand

633,185

809,541

2,292,202

2,364,408

CREDITORS

Amounts falling due within one year

6

1,413,327

1,455,004

NET CURRENT ASSETS

878,875

909,404

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

923,402

952,178

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

798,402

802,178

MEMBERS' OTHER INTERESTS

Capital accounts

125,000

150,000

923,402

952,178

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

798,402

802,178

Members' other interests

125,000

150,000

923,402

952,178

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 and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 October 2025 and were signed by:

R A Bound - Designated member

1.	STATUTORY INFORMATION

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

Registered number:

OC326121

Registered office:

Berry Smith Corporate

Haywood House

Dumfries Place

Cardiff

CF10 3GA

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.

Freehold property

-

over the lease term

Plant and machinery

-

25% reducing balance & 33% 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.

Provision for tax

Taxation on members' profits is the personal liability of individual members. However, as the firm settles these liabilities on behalf of the members, a provision for taxation is held within the accounts to reflect the anticipated cash outflow, with a corresponding charge to members' current accounts.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 71 (2024 - 72 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

20,215

355,934

376,149

Additions

-

29,164

29,164

At 31 March 2025

20,215

385,098

405,313

DEPRECIATION

At 1 April 2024

20,215

313,160

333,375

Charge for year

-

27,411

27,411

At 31 March 2025

20,215

340,571

360,786

NET BOOK VALUE

At 31 March 2025

-

44,527

44,527

At 31 March 2024

-

42,774

42,774

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,084,840

979,541

Other debtors

129,397

134,854

1,214,237

1,114,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

235,439

224,048

Taxation and social security

278,759

322,750

Other creditors

899,129

908,206

1,413,327

1,455,004

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the business.