Company No: OC363115 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	282,518		278,317
		282,518		278,317
Current assets
Debtors	4	1,004,826		676,026
Cash at bank and in hand		282,377		104,892
		1,287,203		780,918
Creditors: amounts falling due within one year	5	( 629,722)		( 519,277)
Net current assets		657,481		261,641
Total assets less current liabilities		939,999		539,958
Creditors: amounts falling due after more than one year	6	( 3,334)		( 13,333)
Net assets attributable to members		936,665		526,625
Represented by
Loans and other debts due to members within one year
Other amounts		936,665		526,625
		936,665		526,625
Members' other interests
		0		0
		936,665		526,625
Total members' interests
Loans and other debts due to members		936,665		526,625
		936,665		526,625

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

Berry Redmond Gordon and Penney LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Berry Redmond Gordon and Penney LLP (registered number: OC363115) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

R M S Berry Designated member		C A Georgiou Designated member
S Simms Designated member		M H Homewood Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Berry Redmond Gordon and Penney LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 50 Boulevard, Weston-Super-Mare, BS23 1NF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered to clients during the year, net of VAT.

Turnover is recognised by reference to the stage of completion of the engagement and when the amount of turnover can be reliably measured. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated costs of the engagement. Unbilled revenue is included in debtors as amounts recoverable on client contracts.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	10 years straight line
Vehicles	20 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Work in progress comprises professional time costs, excluding any mark-up, plus disbursements, to the extent that no right to consideration exists at the balance sheet date. Work in progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated receivable amount is recognised as a bad debt in profit or loss. Reversals of bad debt write offs are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Members' remuneration and division of profits

The LLP agreement provides that the profits are allocated to members each year. These amounts are included within members' remuneration charges to the profit and loss account.

Loans and other debts due to members

In the event of a winding up, members other reserves rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of a winding up. There is no formal restriction on the ability of the LLP to reduce the amount of members' other interests.

2. Employees

	Year ended 31.03.2025		Period from 01.05.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	56		57

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	238,851		20,182		49,230		250,955		618,008		1,177,226
Additions	0		0		0		0		13,809		13,809
At 31 March 2025	238,851		20,182		49,230		250,955		631,817		1,191,035
Accumulated depreciation
At 01 April 2024	3,851		5,887		41,871		246,700		600,600		898,909
Charge for the financial year	0		2,018		1,472		1,064		5,054		9,608
At 31 March 2025	3,851		7,905		43,343		247,764		605,654		908,517
Net book value
At 31 March 2025	235,000		12,277		5,887		3,191		26,163		282,518
At 31 March 2024	235,000		14,295		7,359		4,255		17,408		278,317

4. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	265,614		168,924
Other debtors	739,212		507,102
	1,004,826		676,026

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans	10,000		10,000
Trade creditors	2,432		11,141
Other taxation and social security	294,802		87,364
Other creditors	322,488		410,772
	629,722		519,277

6. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Bank loans	3,334		13,333

There are no amounts included above in respect of which any security has been given by the small entity.