Symons, Gay & Leland LLP
Annual Report and Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Limited Liability Partnership Registration No. OC352053 (England and Wales)
Symons, Gay & Leland LLP
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Symons, Gay & Leland LLP
Balance Sheet
As at 31 March 2025
31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
465
1,149
Current assets
Work in progress
133,074
133,353
Debtors
5
56,453
73,941
Cash and cash equivalents
219,979
158,782
409,506
366,076
Creditors: amounts falling due within one year
6
(57,098)
(55,270)
Net current assets
352,408
310,806
Total assets less current liabilities and net assets attributable to members
352,873
311,955
Represented by:
Loans and other debts due to members within one year
8
Amounts due in respect of profits
338,587
297,669
Members' other interests
8
Members' capital classified as equity
14,286
14,286
352,873
311,955
Total members' interests
8
Loans and other debts due to members
338,587
297,669
Members' other interests
14,286
14,286
352,873
311,955

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

Symons, Gay & Leland LLP
Balance Sheet (Continued)
As at 31 March 2025
31 March 2025
Page 2
The financial statements were approved by the members and authorised for issue on 26 September 2025 and are signed on their behalf by:
26 September 2025
S. Wilson - McMahon
E. Leland
Designated member
Designated Member
Limited Liability Partnership Registration No. OC352053
Symons, Gay & Leland LLP
Notes to the Financial Statements
For the year ended 31 March 2025
Page 3
1
Accounting policies
Limited liability partnership information

Symons, Gay & Leland LLP is a limited liability partnership incorporated in England and Wales. The registered office is 91a South Street, Romford, Essex, RM1 1PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

Symons, Gay & Leland LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 4
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33.3% Straight Line
Computer equipment
33.3% Straight Line
1.6
Stock and work in progress

Work in progress is accounted for as a matter progresses and is stated at realisable value.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
Financial instruments

The partnership only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
12
14
3
Members' remuneration
2025
2024
Number
Number
The average number of members during the year was
3
3
2025
2024
£
£
Remuneration to members charged as an expense
295,806
281,916
Remuneration representing a division of profit is included in the allocation of profit figures in note 8.
Symons, Gay & Leland LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
155,515
Additions
396
At 31 March 2025
155,911
Depreciation and impairment
At 1 April 2024
154,366
Depreciation charged in the year
1,080
At 31 March 2025
155,446
Carrying amount
At 31 March 2025
465
At 31 March 2024
1,149
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
51,455
69,626
Other debtors
4,998
4,315
56,453
73,941
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
49,548
47,720
Other creditors
7,550
7,550
57,098
55,270
Symons, Gay & Leland LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 6
7
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
495
540

The limited liability partnership operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the limited liability partnership in an independently administered fund.

8
Reconciliation of Members' Interests
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2025
£
£
£
£
Members' interests at 1 April 2024
14,286
297,669
297,669
311,955
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
295,806
295,806
295,806
Profit for the financial year available for discretionary division among members
-
-
-
-
Members' interests after loss and remuneration for the year
14,286
593,475
593,475
607,761
Drawings on account and distributions of profit
-
(254,888)
(254,888)
(254,888)
Members' interests at 31 March 2025
14,286
338,587
338,587
352,873
9
Loans and other debts due to members
2025
2024
£
£
Analysis of loans
Amounts falling due within one year
338,587
297,669
338,587
297,669

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

10
Control

The LLP is controlled by its members.

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