Roger Parry and Partners LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC312203 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ROGER PARRY AND PARTNERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DESIGNATED MEMBERS:

Gerallt Davies Limited

Paul Middleton Limited

Richard Corbett Limited

Roger Parry Limited

Tudor Watkins Limited

REGISTERED OFFICE:

Hogstow Hall

Minsterly

Shrewsbury

Shropshire

SY5 0HZ

REGISTERED NUMBER:

OC312203 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Intangible assets

5

15,000

30,000

Tangible assets

6

27,001

27,166

42,001

57,166

CURRENT ASSETS

Debtors

7

532,162

525,786

Cash at bank

365,310

313,704

897,472

839,490

CREDITORS

Amounts falling due within one year

8

412,666

366,313

NET CURRENT ASSETS

484,806

473,177

TOTAL ASSETS LESS CURRENT
LIABILITIES

526,807

530,343

CREDITORS

Amounts falling due after more than one
year

9

2,500

12,500

NET ASSETS ATTRIBUTABLE TO
MEMBERS

524,307

517,843

LOANS AND OTHER DEBTS DUE TO
MEMBERS

12

524,307

517,843

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

12

524,307

517,843

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 March 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 2 December 2025 and were signed by:

Roger Parry Limited - Designated member

Richard Corbett Limited - Designated member

1.	STATUTORY INFORMATION

Roger Parry and Partners 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling (£), rounded to the nearest £1.

These financial statements are for the individual entity only.

Turnover

Turnover represents net invoiced sales of services and accrued income in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the assets and the costs attributable to bringing the assets to its working condition for its working use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost

Fixtures and fittings - 15% on reducing balance

Computer equipment - 33% on cost

Financial instruments

The LLP only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other trade creditors are initially recognised at transaction price

and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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' interests

Members' capital accounts are classified as liabilities in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Members' remuneration

Members' remuneration is regarded as an expense in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships, rather than as an allocation of profits.

Amounts recoverable on contract

Contracts for services have been accounted for as long term contracts where contract activity falls into different accounting periods, in accordance with provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The amount recorded as turnover is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 29 (2024 - 28 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

120,000

Charge for year

15,000

At 31 March 2025

135,000

NET BOOK VALUE

At 31 March 2025

15,000

At 31 March 2024

30,000

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 April 2024

21,482

22,113

45,703

89,298

Additions

-

4,598

4,880

9,478

Disposals

-

(417

)

(328

)

(745

)

At 31 March 2025

21,482

26,294

50,255

98,031

DEPRECIATION

At 1 April 2024

10,582

12,707

38,843

62,132

Charge for year

2,148

2,081

5,280

9,509

Eliminated on disposal

-

(283

)

(328

)

(611

)

At 31 March 2025

12,730

14,505

43,795

71,030

NET BOOK VALUE

At 31 March 2025

8,752

11,789

6,460

27,001

At 31 March 2024

10,900

9,406

6,860

27,166

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

302,951

315,299

Amounts recoverable on contract

207,417

189,680

Other debtors

-

4,800

Prepayments

21,794

16,007

532,162

525,786

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,000

Trade creditors

66,390

69,206

Social security and other taxes

13,433

15,548

VAT

61,060

45,826

Other creditors

6,081

8,518

Client ledger balances

255,702

217,215

412,666

366,313

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

12,500

10.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

Within one year

66,483

49,500

Between one and five years

245,333

41,667

311,816

91,167

11.	SECURED DEBTS

The designated members have provided a personal guarantee of £148,500 on the bank overdraft.

12.

LOANS AND OTHER DEBTS DUE TO MEMBERS

It is the policy of the members not to draw profits in preference of other creditors. There is no protection afforded to creditors.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Roger Parry and Partners LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Roger Parry and Partners LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roger Parry and Partners LLP and state those matters that we have agreed to state to the members of Roger Parry and Partners LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roger Parry and Partners LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Roger Parry and Partners LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roger Parry and Partners LLP. You consider that Roger Parry and Partners LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Roger Parry and Partners LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

5 December 2025