REGISTERED NUMBER: OC370683 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bannerbridge Management Services LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D Holyfield

R Holyfield

REGISTERED OFFICE:

24 Hornsby Square

Southfields Industrial Park

Basildon

Essex

SS15 6SD

REGISTERED NUMBER:

OC370683 (England and Wales)

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

4

19,127

23,909

Investments

5

1,000

1,000

20,127

24,909

CURRENT ASSETS

Debtors

6

61,146

76,681

Cash at bank

8,339

6,234

69,485

82,915

CREDITORS

Amounts falling due within one year

7

44,092

40,842

NET CURRENT ASSETS

25,393

42,073

TOTAL ASSETS LESS CURRENT LIABILITIES

45,520

66,982

CREDITORS

Amounts falling due after more than one year

8

1,667

14,167

NET ASSETS ATTRIBUTABLE TO MEMBERS

43,853

52,815

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

43,853

52,815

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

43,853

52,815

Amounts due from members

6

(26,886

)

(28,976

)

16,967

23,839

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 15 December 2025 and were signed by:

D Holyfield - Designated member

1.	STATUTORY INFORMATION

Bannerbridge Management Services 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.	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.

The following principal accounting policies have been applied:

Revenue

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:

Provision of services

The LLP provides personnel services. Sales invoices are raised monthly in arrears for personnel services provided. Revenue is recognised in the accounting period in which the services are rendered. Sales are made with credit terms. The element of financing is deemed immaterial and disregarded in the treatment of revenue.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The LLP adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the LLP. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following annual bases:

- Motor vehicles 20% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and-investments in non-puttable ordinary shares.

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Members' capital subscribed and participation rights

The LLP agreement determines the amount of profit to be treated as members' remuneration. This profit is treated as allocated. All profits are automatically allocated and realised in the statement of comprehensive income as members' remuneration charged as an expense by reference to the predetermined profit share mechanisms. Allocated profit is included within 'loans and other debts due to members' in 'other amounts' on the Balance Sheet.

Drawings are treated as payments on account of profit allocation and are subject to sufficient cash availability. Any Drawings in excess of total allocated profits would be included within 'amounts due from members' within 'other debtors'.

The capital requirements of the LLP are determined by the members and are reviewed regularly. No interest is paid on capital. On leaving the partnership, a member's capital is repaid without reasonable delay.

Valuation of investments

Investments are measured at cost less accumulated impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment

Finance Costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that 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.

Creditors

Short-term creditors are measured at the transaction price.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

58,290

DEPRECIATION

At 1 April 2024

34,381

Charge for year

4,782

At 31 March 2025

39,163

NET BOOK VALUE

At 31 March 2025

19,127

At 31 March 2024

23,909

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

1,000

At 31 March 2024

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

33,000

47,000

Amounts due from members

26,886

28,976

Prepayments and accrued income

1,260

705

61,146

76,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

7,500

Trade creditors

6,335

6,484

Social security and other taxes

5,667

5,081

VAT

16,564

17,250

Other creditors

876

777

Accrued expenses

4,650

3,750

44,092

40,842

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

1,667

14,167

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

1,650

10,612

Capital account

42,203

42,203

43,853

52,815

Falling due within one year

43,853

52,815

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

10.	ULTIMATE CONTROLLING PARTY

The LLP's ultimate parent company is Bannerbridge Holdings Limited, a company incorporated in England and Wales.