Brownwood LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC346450

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		614,632		615,666

			614,632		615,666
CURRENT ASSETS
Debtors	5	31,696		26,226
Cash at bank and in hand		32,082		57,974

		63,778		84,200
Creditors: Amounts Falling Due Within One Year	6	(120,465 )		(141,056 )

NET CURRENT ASSETS (LIABILITIES)			(56,687 )		(56,856 )

TOTAL ASSETS LESS CURRENT LIABILITIES			557,945		558,810

NET ASSETS ATTRIBUTABLE TO MEMBERS			557,945		558,810

REPRESENTED BY:
Loans and other debts due to members
Other amounts		557,945		558,810

			557,945		558,810

			557,945		558,810

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			557,945		558,810

			557,945		558,810

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Brownwood LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

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

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Miss N J Redwood BSc FCA

Designated Member

01/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Brownwood LLP is a limited liability partnership, incorporated in England & Wales, registered number OC346450 . The Registered Office is Tanners Bow Ranters Bank, Buckeridge, Nr Bewdley, Worcestershire, DY14 9DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Significant judgements and estimations

In the application of the company'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 revision and future periods where the revision affects both current and future periods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No depreciation
Improvements to Property	No depreciation
Fixtures & Fittings	15% reducing balance method
Computer Equipment	33% reducing balance method

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Leasehold	Improvements to Property	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	445,897	162,875	23,954	3,483	636,209

As at 31 March 2025	445,897	162,875	23,954	3,483	636,209

Depreciation
As at 1 April 2024	-	-	17,060	3,483	20,543
Provided during the period	-	-	1,034	-	1,034

As at 31 March 2025	-	-	18,094	3,483	21,577

Net Book Value
As at 31 March 2025	445,897	162,875	5,860	-	614,632

As at 1 April 2024	445,897	162,875	6,894	-	615,666

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Brownwood LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,189	21,692
Prepayments and accrued income	11,799	4,534
VAT	9,708	-

	31,696	26,226

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	101,499	69,159
Other creditors	18,966	68,599
Taxation and social security	-	3,298

	120,465	141,056

7. Controlling Party

No single member has control over the LLP.

8. Loans and other debts to members

Other creditors will rank above loans and other debts due to members.

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