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REGISTERED NUMBER: OC391832 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| LINLEY BLACK LLP |

| LINLEY BLACK LLP (REGISTERED NUMBER: OC391832) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| General Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| LINLEY BLACK LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DESIGNATED MEMBERS: | Cooper Brooke Consulting Ltd

| Linley Black Corporate Ltd

| REGISTERED OFFICE: | 1 Kings Avenue

| London

| N21 3NA

| REGISTERED NUMBER: | OC391832 (England and Wales)

| ACCOUNTANTS: | AGK Partners

| Chartered Accountants

| 1 Kings Avenue

| London

| N21 3NA

| LINLEY BLACK LLP (REGISTERED NUMBER: OC391832) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 135,755 |  | 78,570 |  |

CURRENT ASSETS

Debtors | 5 | 124,173 |  | - |  |

Cash at bank | 377,024 |  | 1,217,352 |  |

501,197 |  | 1,217,352 |  |

CREDITORS

Amounts falling due within one year | 6 | 88,439 |  | 224,520 |  |

NET CURRENT ASSETS | 412,758 |  | 992,832 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 548,513 |  | 1,071,402 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 7,187 |  | 17,216 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 541,326 |  | 1,054,186 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 5,271,610 |  | 3,391,251 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 539,182 |  | 1,039,039 |  |

Other reserves | (5,269,466 | ) | (3,376,104 | ) |

541,326 |  | 1,054,186 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 5,271,610 |  | 3,391,251 |  |

Members' other interests | (4,730,284 | ) | (2,337,065 | ) |

541,326 |  | 1,054,186 |  |

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 December 2024.

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.

| LINLEY BLACK LLP (REGISTERED NUMBER: OC391832) |

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2024

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 October 2025 and were signed by:

Cooper Brooke Consulting Ltd - Designated member

Linley Black Corporate Ltd - Designated member

| LINLEY BLACK LLP (REGISTERED NUMBER: OC391832) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Linley Black LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Significant judgements and estimates

| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

| There are no significant judgements or estimates involved in the preparation of the financial statements.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

| Property plant and equipment

| Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment

| losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

| The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

| Plant and machinery - 20% on reducing balance

| The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

| 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.

| Cash and cash equivalents

| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| LINLEY BLACK LLP (REGISTERED NUMBER: OC391832) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 11 (2023 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 January 2024 | 102,496 |  |

| Additions | 72,899 |  |

| At 31 December 2024 | 175,395 |  |

| DEPRECIATION

| At 1 January 2024 | 23,926 |  |

| Charge for year | 15,714 |  |

| At 31 December 2024 | 39,640 |  |

| NET BOOK VALUE

| At 31 December 2024 | 135,755 |  |

| At 31 December 2023 | 78,570 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | 124,173 |  | - |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 8,476 |  | 8,568 |  |

| Trade creditors | 8,508 |  | - |  |

| Taxation and social security | 62,160 |  | 84,308 |  |

| Other creditors | 9,295 |  | 131,644 |  |

88,439 |  | 224,520 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 7,187 |  | 17,216 |  |