Limited Liability Partnership registration number OC306196 (England and Wales)
MARR-JOHNSON & EGERTON LLP
(FORMERLY KNOWN AS MARR-JOHNSON & STEVENS LLP)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MARR-JOHNSON & EGERTON LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 8
MARR-JOHNSON & EGERTON LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
6
11,038
13,249
Current assets
Debtors
7
498,829
506,231
Cash at bank and in hand
483,575
379,888
982,404
886,119
Creditors: amounts falling due within one year
8
(187,402)
(97,941)
Net current assets
795,002
788,178
Total assets less current liabilities and net assets attributable to members
806,040
801,427
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
806,040
801,427

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.

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.

The financial statements were approved by the members and authorised for issue on 30 September 2025 and are signed on their behalf by:
30 September 2025
Mr P Marr-Johnson
Mr T Martin
Designated member
Designated Member
Ms M Reidy
Mr O Saxby
Designated Member
Designated Member
Limited Liability Partnership registration number OC306196 (England and Wales)
MARR-JOHNSON & EGERTON LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Current financial period
DEBT
TOTAL
MEMBERS'
INTERESTS
Other amounts
Total
2025
£
£
Amount due to members
801,427
Members' interests at 1 April 2024
801,427
801,427
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
1,300,697
1,300,697
Profit for the financial year available for discretionary division among members
-
-
Members' interests after profit for the period
2,102,124
2,102,124
Introduced by members
37,500
37,500
Drawings
(1,333,584)
(1,333,584)
Members' interests at 31 March 2025
806,040
806,040
Amounts due to members
806,040
806,040
MARR-JOHNSON & EGERTON LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Prior financial year
DEBT
TOTAL
MEMBERS'
INTERESTS
Other amounts
Total
2024
£
£
Amount due to members
942,048
Members' interests at 1 May 2023
942,048
942,048
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
766,986
766,986
Profit for the period available for discretionary division among members
-
-
Members' interests after profit for the year
1,709,034
1,709,034
Drawings
(907,607)
(907,607)
Members' interests at 31 March 2024
801,427
801,427
Amounts due to members
801,427
801,427
MARR-JOHNSON & EGERTON LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
1.1
Limited liability partnership information

Marr-Johnson & Egerton LLP is a limited liability partnership incorporated in England and Wales. The registered office is Sixth Floor, Capital Tower, 91 Waterloo Road, London, SE1 8RT.

The principal activity of the limited liability partnership continued to be that of property valuation and surveying.

1.2
Reporting period

The prior accounting period was shortened to 11 months so that the period end aligns with the end of the tax year. Consequently, the results for the current year are not wholly comparable to the prior period.

1.3
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in July 2014, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006. The disclosure requirements of FRS 102 Section 1A - Small Entities 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 £.

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

The members have taken advantage of the exemptions in FRS 102 Section 1A from including a cash flow statement in the financial statements on the basis that the LLP qualifies as a small entity.

1.4
Turnover

The turnover shown in the profit and loss account represents amounts earned during the period, exclusive of Value Added Tax.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

1.5
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.

MARR-JOHNSON & EGERTON LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.6
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:

Leasehold improvements
33% straight line
Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

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

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, except for short-term payables when the recognition of interest would be immaterial.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.9
Taxation

The taxation payable on the partnership profits is solely the personal liability of the individual members consequently neither partnership taxation nor related deferred taxation arising in respect of the partnership are accounted for in these financial statements.

MARR-JOHNSON & EGERTON LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the limited liability partnership’s accounting policies, the members are 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 considered to be 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.

3
Employees

The average number of persons (excluding members) employed by the partnership during the year was 1 (2024 - 3).

4
Members' remuneration
2025
2024
Number
Number
Average number of members during the year
4
3
2025
2024
£
£
Profit attributable to the member with the highest entitlement
403,541
279,950
MARR-JOHNSON & EGERTON LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Interest receivable and similar income
2025
2024
£
£
Other interest receivable and similar income
3,322
2,249
6
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 April 2024
141,347
215,648
356,995
Additions
-
2,663
2,663
Disposals
-
(9,399)
(9,399)
At 31 March 2025
141,347
208,912
350,259
Depreciation and impairment
At 1 April 2024
141,347
202,399
343,746
Depreciation charged in the year
-
3,574
3,574
Eliminated in respect of disposals
-
(8,099)
(8,099)
At 31 March 2025
141,347
197,874
339,221
Carrying amount
At 31 March 2025
-
11,038
11,038
At 31 March 2024
-
13,249
13,249
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
477,426
159,403
Prepayments and accrued income
21,403
346,828
498,829
506,231
MARR-JOHNSON & EGERTON LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,084
3,162
Other taxation and social security
164,800
77,651
Other creditors
3,634
2,681
Accruals and deferred income
10,884
14,447
187,402
97,941
9
Loans and other debts due to members

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
Operating lease commitments
Lessee

Operating lease payments represent rentals payable by the LLP for its premises. The lease is for 25 years, from 25 March 2015, with non-cancellable payments for the first 10 years. After this initial period, options to extend are available for a further 5 years at a time.

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
55,743
39,952
Between two and five years
221,903
-
277,646
39,952
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