REGISTERED NUMBER: OC345994 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUSS MURTON LAW LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

D S Jaswal

A W B Lee

A J C Linton

A P J Smith

E B Walter

REGISTERED OFFICE:

Wallside House

12 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

REGISTERED NUMBER:

OC345994 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal object of the LLP is to provide commercial and personal law services.

DESIGNATED MEMBERS

The designated members during the year under review were:

D S Jaswal

A W B Lee

A J C Linton

A P J Smith

E B Walter

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £363,608 profit).

MEMBERS' INTERESTS

Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

Details of changes in members' capital in the year ended 31 May 2025 are set out in the reconciliation of members' interests.

Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:

A P J Smith - Designated member

23 October 2025

TURNOVER

118,517

1,556,783

Cost of sales

(5,200

)

(819,716

)

GROSS PROFIT

113,317

737,067

Administrative expenses

(112,310

)

(547,112

)

1,007

189,955

Other operating income

26,231

-

OPERATING PROFIT

27,238

189,955

Interest receivable and similar income

-

214,525

27,238

404,480

Interest payable and similar expenses

(27,238

)

(40,872

)

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

363,608

CURRENT ASSETS

Debtors

4

407,487

205,332

Cash at bank

2,522

5,939

410,009

211,271

CREDITORS

Amounts falling due within one year

5

(220,466

)

(153,108

)

NET CURRENT ASSETS

189,543

58,163

TOTAL ASSETS LESS CURRENT LIABILITIES

189,543

58,163

CREDITORS

Amounts falling due after more than one year

6

(189,543

)

(58,163

)

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

4

(397,533

)

-

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 October 2025 and were signed by:

A P J Smith - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

-

Amount due from members

-

Balance at 1 April 2024

-

-

-

Profit for the financial year available for discretionary division among members

-

-

-

Members' interests after profit for the year

-

-

-

Drawings on account and distributions of profit

-

(397,533

)

(397,533

)

Amount due to members

-

Amount due from members

(397,533

)

Balance at 31 March 2025

-

(397,533

)

(397,533

)

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

£

£

Balance at 1 November 2023

450,002

-

450,002

Profit for the financial year available for discretionary division among members

-

363,608

363,608

Members' interests after profit for the year

450,002

363,608

813,610

Other divisions of profit

-

(363,608

)

(363,608

)

Introduced by members

(450,002

)

-

(450,002

)

Drawings on account and distributions of profit

-

-

-

Balance at 31 March 2024

-

-

-

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

£

Amount due to members

96,257

Amount due from members

(10,752

)

Balance at 1 November 2023

85,505

535,507

Profit for the financial year available for discretionary division among members

-

363,608

Members' interests after profit for the year

85,505

899,115

Other divisions of profit

363,608

-

Introduced by members

696

(449,306

)

Drawings on account and distributions of profit

(449,809

)

(449,809

)

Amount due to members

-

Amount due from members

-

Balance at 31 March 2024

-

-

1.	STATUTORY INFORMATION

Buss Murton Law 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.

Revenue and work in progress

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP

and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the LLP will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

For client assignments in progress at the reporting date for which no income has been recoginsed, the accumulated costs are recognised as amounts recoverable on contracts. Cost includes labour cost of personnel directly engaged in providing the service, including supervisory personnel, and attributable overheads.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

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 5 (2024 - 5 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,417

-

Amounts owed by group undertakings

6,537

203,472

Other debtors

397,533

1,860

407,487

205,332

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

205,970

87,245

Trade creditors

10,262

54,679

Taxation and social security

4,234

-

Other creditors

-

11,184

220,466

153,108

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

189,543

58,163

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

56,250

216,250

Between one and five years

138,729

828,146

In more than five years

-

113,500

194,979

1,157,896

The LLP also acts as a lessor. At the year end, the LLP had contracted with tenants, under non-cancellable operating leases, for the following future minimum lease payments:

Within 1 year - £16,000 (2024: £56,667)

Between 1 and 5 years - £50,667 (2024: £40,500)

Total - £66,667 (2024: £97,167)