BCM (IOW) LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC367152 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

BCM (IOW) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

BCM Bays Curry McCowen LLP

J R W Attrill Esq

D Long Esq

T J Dawson

REGISTERED OFFICE:

The Old Dairy

Sutton Scotney

Winchester

Hampshire

SO21 3NZ

REGISTERED NUMBER:

OC367152 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

13,615

14,140

CURRENT ASSETS

Debtors

5

171,574

94,998

Investments

6

30,000

-

Cash at bank

93,085

121,266

294,659

216,264

CREDITORS

Amounts falling due within one year

7

85,506

62,597

NET CURRENT ASSETS

209,153

153,667

TOTAL ASSETS LESS CURRENT
LIABILITIES

222,768

167,807

CREDITORS

Amounts falling due after more than one
year

8

5,833

15,833

NET ASSETS ATTRIBUTABLE TO
MEMBERS

216,935

151,974

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

196,935

131,974

MEMBERS' OTHER INTERESTS

Capital accounts

20,000

216,935

151,974

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

196,935

131,974

Members' other interests

20,000

216,935

151,974

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 31st 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 24th November 2025 and were signed by:

BCM Bays Curry McCowen LLP - Designated member

J R W Attrill Esq - Designated member

1.	STATUTORY INFORMATION

BCM (IOW) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

20% on cost

Office equipment

-

25% 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2024

40,700

30,000

31,826

102,526

Additions

-

7,321

Disposals

(416

)

-

(959

)

(1,375

)

At 31st March 2025

40,284

30,000

38,188

108,472

DEPRECIATION

At 1st April 2024

33,249

29,500

25,637

88,386

Charge for year

4,261

500

3,046

7,807

Eliminated on disposal

(416

)

-

(920

)

(1,336

)

At 31st March 2025

37,094

30,000

27,763

94,857

NET BOOK VALUE

At 31st March 2025

3,190

-

10,425

13,615

At 31st March 2024

7,451

500

6,189

14,140

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

161,939

89,547

Other debtors

1,000

-

Prepayments

8,635

5,451

171,574

94,998

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

30,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

20,496

2,445

Social security and other taxes

4,059

4,174

VAT

35,000

25,000

Other creditors

2,057

3,257

Accrued expenses

13,894

17,721

85,506

62,597

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

5,833

10,000

Bank loans - 2-5 years

-

5,833

15,833

9.	LEASING AGREEMENTS

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

2025

2024

£

Within one year

17,100

Between one and five years

7,125

24,225

41,325

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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