Buckingham & Buckingham LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC437772 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BUCKINGHAM & BUCKINGHAM LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

T D Buckingham

I J Cook

REGISTERED OFFICE:

2nd Floor Charles II Street

London

SW1Y 4AA

REGISTERED NUMBER:

OC437772 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Tangible assets

5

6,594

3,796

CURRENT ASSETS

Debtors

6

954,566

370,545

Cash at bank

14,404

77,150

968,970

447,695

CREDITORS

Amounts falling due within one year

7

665,380

398,570

NET CURRENT ASSETS

303,590

49,125

TOTAL ASSETS LESS CURRENT
LIABILITIES

310,184

52,921

CREDITORS

Amounts falling due after more than one
year

8

310,182

-

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2

52,921

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

-

52,919

MEMBERS' OTHER INTERESTS

Capital accounts

2

52,921

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

-

52,919

Members' other interests

2

Amounts due from members

6

(343,349

)

-

(343,347

)

52,921

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 22 December 2025 and were signed by:

T D Buckingham - Designated member

1.	STATUTORY INFORMATION

Buckingham & Buckingham 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.	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. The accounts have been prepared on a going concern basis

The financial statements are prepared in Sterling (£), rounded to the nearest £1.

Turnover

Turnover represents net invoiced sales of services and accrued income in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, excluding value added tax.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The LLP only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other trade creditors are initially recognised at transaction price

and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Pension costs and other post-retirement benefits

Members are entitled to 3% pension contributions of fixed draw per annum.

Amounts recoverable on contract

Contracts for services have been accounted for as long term contracts where contract activity falls into different accounting periods, in accordance with provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The amount recorded as turnover is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

Members' participating rights

Members' participation rights are the rights of a member against the LLP that arise under the members'

agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from

the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A

member's participation rights including amounts subscribed or otherwise contributed by members, for example

members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to

members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due

to members' and, where such an amount relates to current year profits, they are recognised within ‘Members'

remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are

classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are

presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights,

they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the

recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts

simultaneously, in which case they are presented net.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other

means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to

members’ to the extent they exceed debts due from a specific member.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - NIL ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

1,775

7,996

9,771

Additions

1,649

5,011

6,660

At 31 March 2025

3,424

13,007

16,431

DEPRECIATION

At 1 April 2024

355

5,620

5,975

Charge for year

614

3,248

3,862

At 31 March 2025

969

8,868

9,837

NET BOOK VALUE

At 31 March 2025

2,455

4,139

6,594

At 31 March 2024

1,420

2,376

3,796

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

342,268

96,172

Amounts due from members

343,349

-

Amounts recoverable on contract

188,988

200,000

Other debtors

20,266

19,428

Prepayments

59,695

54,945

954,566

370,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

37,085

-

Loans

239,405

139,516

Trade creditors

81,005

15,485

Social security and other taxes

2,717

-

VAT

58,901

14,566

Other creditors

60,638

51,247

Client ledger balances

14,403

52,725

Accruals and deferred income

171,226

125,031

665,380

398,570

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Loans

310,182

-

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank

equally with unsecured creditors.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Buckingham & Buckingham LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Buckingham & Buckingham LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Buckingham & Buckingham LLP and state those matters that we have agreed to state to the members of Buckingham & Buckingham LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buckingham & Buckingham LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Buckingham & Buckingham LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Buckingham & Buckingham LLP. You consider that Buckingham & Buckingham LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Buckingham & Buckingham LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

23 December 2025