Miller Bourne LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC317392 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MILLER BOURNE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Miller Bourne Limited

Ms A L Gordon

R D Morrice

C E Richards

P Hudson

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

OC317392 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

1,626,266

1,609,762

CURRENT ASSETS

Debtors

5

188,001

324,547

Cash at bank

144,074

44,348

332,075

368,895

CREDITORS

Amounts falling due within one year

6

204,646

277,872

NET CURRENT ASSETS

127,429

91,023

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,753,695

1,700,785

CREDITORS

Amounts falling due after more than one
year

7

550,919

580,066

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,202,776

1,120,719

LOANS AND OTHER DEBTS DUE TO
MEMBERS

836,442

754,385

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

366,334

1,202,776

1,120,719

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

836,442

754,385

Members' other interests

366,334

Amounts due from members

5

(1

)

-

1,202,775

1,120,719

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 1 December 2025 and were signed by:

Ms A L Gordon - Designated member

C E Richards - Designated member

1.	STATUTORY INFORMATION

Miller Bourne 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

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

fittings

£

COST OR VALUATION

At 1 April 2024

1,540,000

69,488

8,358

Additions

-

Disposals

-

At 31 March 2025

1,540,000

69,488

8,358

DEPRECIATION

At 1 April 2024

-

34,088

5,552

Charge for year

-

3,540

561

Eliminated on disposal

-

At 31 March 2025

-

37,628

6,113

NET BOOK VALUE

At 31 March 2025

1,540,000

31,860

2,245

At 31 March 2024

1,540,000

35,400

2,806

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

74,251

40,286

1,732,383

Additions

32,495

8,152

40,647

Disposals

(13,429

)

-

(13,429

)

At 31 March 2025

93,317

48,438

1,759,601

DEPRECIATION

At 1 April 2024

47,344

35,637

122,621

Charge for year

13,787

4,050

21,938

Eliminated on disposal

(11,224

)

-

(11,224

)

At 31 March 2025

49,907

39,687

133,335

NET BOOK VALUE

At 31 March 2025

43,410

8,751

1,626,266

At 31 March 2024

26,907

4,649

1,609,762

Cost or valuation at 31 March 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

fittings

£

Valuation in 2008

130,000

-

Valuation in 2012

(146,627

)

-

Valuation in 2014

160,000

-

Valuation in 2016

120,000

-

Valuation in 2018

250,000

-

Valuation in 2021

63,000

-

Valuation in 2022

227,000

-

Cost

736,627

69,488

8,358

1,540,000

69,488

8,358

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2008

-

130,000

Valuation in 2012

-

(146,627

)

Valuation in 2014

-

160,000

Valuation in 2016

-

120,000

Valuation in 2018

-

250,000

Valuation in 2021

-

63,000

Valuation in 2022

-

227,000

Cost

93,317

48,438

956,228

93,317

48,438

1,759,601

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

2025

2024

£

Cost

736,627

Freehold property was valued on an open market basis on 19 March 2025 by PS&B Evoloving Property .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

118,599

175,077

Amounts due from members

1

-

Amounts recoverable on contract

3,898

81,452

Prepayments

65,503

68,018

188,001

324,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

29,146

28,064

Trade creditors

28,615

60,749

Social security and other taxes

10,335

9,574

VAT

74,902

64,292

Other creditors

25,591

80,543

Deferred income

28,450

27,382

Accrued expenses

7,607

7,268

204,646

277,872

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

30,269

29,146

Bank loans - 2-5 years

520,650

550,920

550,919

580,066

8.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

366,334