REGISTERED NUMBER: OC335507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BHG LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

P B Harrington

BHG Tax Advisers Limited

Registered office:

95 St. George's Terrace

Newcastle Upon Tyne

NE2 2DN

Registered number:

OC335507 (England and Wales)

Accountants:

BHG LLP

Chartered Accountants

95 St. George's Terrace

Newcastle Upon Tyne

NE2 2DN

FIXED ASSETS

Tangible assets

4

170,105

136,306

CURRENT ASSETS

Debtors

5

52,676

47,274

Cash at bank

9,012

1,969

61,688

49,243

CREDITORS

Amounts falling due within one year

6

25,671

16,960

NET CURRENT ASSETS

36,017

32,283

TOTAL ASSETS LESS CURRENT LIABILITIES

206,122

168,589

CREDITORS

Amounts falling due after more than one year

7

100,564

109,366

NET ASSETS ATTRIBUTABLE TO MEMBERS

105,558

59,223

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

105,558

59,223

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

105,558

59,223

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 21 October 2025 and were signed by:

P B Harrington - Designated member

1.	STATUTORY INFORMATION

BHG 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.

Turnover

Turnover represents net supplies of services excluding Value Added Tax except in the case of service contracts where turnover is recognised when the LLP obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

15,000

129,787

3,151

147,938

Additions

-

79,307

-

79,307

At 31 March 2025

15,000

209,094

3,151

227,245

Depreciation

At 1 April 2024

3,000

6,489

2,143

11,632

Charge for year

3,000

41,819

689

45,508

At 31 March 2025

6,000

48,308

2,832

57,140

Net book value

At 31 March 2025

9,000

160,786

319

170,105

At 31 March 2024

12,000

123,298

1,008

136,306

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

38,441

35,062

Amounts recoverable on

contracts

10,912

5,843

Other debtors

1,360

3,000

Prepayments and accrued income

1,963

3,369

52,676

47,274

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

8,802

2,153

Trade creditors

10,230

5,618

Value Added Tax

4,921

7,471

Accrued expenses

1,718

1,718

25,671

16,960

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

100,564

109,366

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There are no restrictions or limitations on the ability of the members to reduce the amount of their loans or other debts due to them by the partnership.

9.	ULTIMATE CONTROLLING PARTY

The LLP is under the control of P B Harrington.