REGISTERED NUMBER: OC336029 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2025

for

GOTCH, SAUNDERS & SURRIDGE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I S Bray

J D Hunter

C Chapman

T Jagger

S Rennison-Rae

REGISTERED OFFICE:

35 Headlands

Kettering

Northamptonshire

NN15 7ES

REGISTERED NUMBER:

OC336029 (England and Wales)

ACCOUNTANTS:

TC Group

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

743,641

762,010

CURRENT ASSETS

Debtors

5

1,749,183

1,305,053

Cash at bank and in hand

982,923

737,855

2,732,106

2,042,908

CREDITORS

Amounts falling due within one year

6

977,413

770,125

NET CURRENT ASSETS

1,754,693

1,272,783

TOTAL ASSETS LESS CURRENT LIABILITIES

2,498,334

2,034,793

CREDITORS

Amounts falling due after more than one year

7

106,515

135,864

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,391,819

1,898,929

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

2,264,581

1,771,691

MEMBERS' OTHER INTERESTS

Revaluation reserve

11

127,238

127,238

2,391,819

1,898,929

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

2,264,581

1,771,691

Members' other interests

127,238

127,238

Amounts due from members

5

-

(40,227

)

2,391,819

1,858,702

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 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2025 and were signed by:

I S Bray - Designated member

1.	STATUTORY INFORMATION

Gotch, Saunders & Surridge LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 as modified by the revaluation of certain assets.

Turnover

In accordance with the principles of revenue recognition as stated in FRS 102, turnover is calculated by reference to the stage of completion of the transaction as at the end of the accounting period, including estimates of amounts not yet invoiced.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the accounting period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

The freehold property held and used in the LLP’s own activities are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the fair value reserve in ‘Members’other interests’.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

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.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remunerated 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 FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 members' shares in cooperative entities and similar instruments. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the profit and loss account in the relevant year. To the extent that they remain unpaid at the end of the accounting period, they are shown as liabilities in the balance sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the profit and loss account and are equity appropriations in the balance sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the balance sheet within 'loans and other debts due to members' are charged to the profit and loss account within 'members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'members' other interests'.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 69 (2024 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 July 2024

618,750

87,257

139,395

490,503

1,335,905

Additions

-

2,163

4,169

33,626

39,958

At 30 June 2025

618,750

89,420

143,564

524,129

1,375,863

DEPRECIATION

At 1 July 2024

-

24,559

128,077

421,259

573,895

Charge for year

-

20,856

3,152

34,319

58,327

At 30 June 2025

-

45,415

131,229

455,578

632,222

NET BOOK VALUE

At 30 June 2025

618,750

44,005

12,335

68,551

743,641

At 30 June 2024

618,750

62,698

11,318

69,244

762,010

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

491,512

491,512

Freehold property was valued on an open market basis and on the basis that with permitted development rights/planning permission for residential use on the 11th October 2021.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,367,661

881,405

Amounts recoverable on contract

185,650

167,000

Other debtors

195,872

256,648

1,749,183

1,305,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,041

30,041

Trade creditors

453,509

419,959

Taxation and social security

456,365

288,181

Other creditors

37,498

31,944

977,413

770,125

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

106,515

135,864

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

23,258

42,424

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

9,363

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

136,556

165,905

The bank loan is secured on the freehold property of the LLP.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

11.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

127,238