REGISTERED NUMBER: OC331876 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Morgan Griffiths LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R J Osment

S Lewis

T M Landers

Ms K Gittins

A J Hunt

REGISTERED OFFICE:

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

REGISTERED NUMBER:

OC331876 (England and Wales)

FIXED ASSETS

Intangible assets

5

900,000

900,000

Tangible assets

6

28,479

28,479

928,479

928,479

CURRENT ASSETS

Stocks

38,100

28,500

Debtors

7

560,459

560,220

Cash at bank and in hand

79,692

130,239

678,251

718,959

CREDITORS

Amounts falling due within one year

8

203,637

355,473

NET CURRENT ASSETS

474,614

363,486

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,403,093

1,291,965

MEMBERS' LOANS AND OTHER DEBTS

9

1,403,093

1,291,965

TOTAL MEMBERS' INTERESTS

Members' loans and other debts

9

1,403,093

1,291,965

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:

T M Landers - Designated member

Ms K Gittins - Designated member

1.	STATUTORY INFORMATION

Morgan Griffiths LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of goodwill.

Turnover

Turnover represents gross fee income excluding value added tax, adjusted for work in progress and accrued income.

Goodwill

No amortisation is provided for goodwill as in the opinion of the members the realisable value is not less than the amount shown in the balance sheet.

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.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 23 (2024 - 22 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

900,000

NET BOOK VALUE

At 31 March 2025

900,000

At 31 March 2024

900,000

Cost or valuation at 31 March 2025 is represented by:

Goodwill

£

Valuation in 2015

585,000

Cost

315,000

900,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

28,479

NET BOOK VALUE

At 31 March 2025

28,479

At 31 March 2024

28,479

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

484,769

500,877

Other debtors

75,690

59,343

560,459

560,220

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

12,640

30,021

Taxation and social security

106,268

110,322

Other creditors

84,729

215,130

203,637

355,473

9.	MEMBERS' LOANS AND OTHER DEBTS

The amount shown in respect of 'Members' Loans and Other Debts' is repayable after all other creditors.