REGISTERED NUMBER: OC421528 (England and Wales)

BEVAN BUCKLAND LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

1,431

Tangible assets

5

47,156

78,347

47,156

79,778

CURRENT ASSETS

Debtors

6

3,110,465

2,985,350

Cash at bank and in hand

400,192

245,654

3,510,657

3,231,004

CREDITORS

Amounts falling due within one year

7

1,342,529

546,822

NET CURRENT ASSETS

2,168,128

2,684,182

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,215,284

2,763,960

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,160,284

1,485,960

MEMBERS' OTHER INTERESTS

Capital accounts

1,055,000

1,278,000

2,215,284

2,763,960

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,160,284

1,485,960

Members' other interests

1,055,000

1,278,000

2,215,284

2,763,960

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 23 December 2025 and were signed by:

H Lloyd Davies - Designated member

Ms A Vickers - Designated member

1.	STATUTORY INFORMATION

Bevan Buckland LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC421528

Registered office:

Ground Floor,Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

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.

Significant judgements and estimates

The preparation of the financial statements in accordance with FRS 102 requires management to make estimates and assumptions that affect turnover, expenses, assets and liabilities. Management use a range of factors in arriving at the estimates and judgements including their past experience and reasonable expectations of the future.

The most significant estimates required in the preparation of the financial statements are in respect of provisions against client debtors, recognition of accrued income, provisions in respect of claims from clients and the amortisation of goodwill.

Turnover

Turnover represents amounts recoverable from clients for the provision of professional services during the year. Income arising from fixed fee assignments is recognised based on the degree of completion of the relevant service which is assessed on the basis of time spent. Where income is dependent on the occurrence of a critical event, no income is recognised until that event has occurred and the recovery of income is assured. Amounts recoverable from client assignments in excess of amounts billed are included as accrued income in receivables. Amounts invoiced to clients in excess of the income arising are included as deferred income in current liabilities.

Turnover includes direct recoverable expenses and disbursements incurred but excludes VAT.

The whole of the income is attributable to the principal activity of the business. Substantially all turnover arose within the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Plant and machinery etc - 33% on cost and 10 - 25% on cost

Financial instruments

The LLP enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as accrued income, trade and other debtors, accruals and trade and other creditors. Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

The firm carries professional indemnity insurance commensurate with the size and nature of its business. Under the terms of the policy an excess may be payable on notified claims. Provision is made in the financial statements for all claims where costs are likely to be incurred and represents the cost of defending and concluding claims.

The firm has a number of property leases, some of which contain an obligation to reinstate the premises to the condition when the lease was entered into. The firm makes provision for dilapidation to the extent when it believes it probable such an obligation will result in a financial liability.

At the balance sheet date there were no ongoing PI cases where it was felt necessary to make provision and no dilapidation provision is currently provided as there is no present intention to move premises.

Operating leases

Lease rentals and incentives under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

Contributions in respect of the LLP’s defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Annuities to former partners

Annuities paid to former partners are treated as an expense in the LLP in the year that they are paid. No tax relief is obtained in the LLP tax return on this expenditure and the full liability of these annuities is not recognised on the balance sheet as the liability would fall to the former partners of Bevan & Buckland in the event of Bevan Buckland LLP being wound up.

Remuneration of key management personnel

The members regard themselves to be the key management personnel and as such the remuneration of key management personnel is show on the income statement as the profit shares available for division among the members.

Tax provisions

Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax nor deferred tax arising in respect of the LLP’s profit is included in these financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 122 (2024 - 109 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

21,478

AMORTISATION

At 1 April 2024

20,047

Charge for year

1,431

At 31 March 2025

21,478

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,431

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

371,337

DEPRECIATION

At 1 April 2024

292,990

Charge for year

31,191

At 31 March 2025

324,181

NET BOOK VALUE

At 31 March 2025

47,156

At 31 March 2024

78,347

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts recoverable on contract

2,960,364

2,890,446

Other debtors

150,101

94,904

3,110,465

2,985,350

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

166,116

124,520

Taxation and social security

352,247

255,972

Other creditors

824,166

166,330

1,342,529

546,822

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

146,426

145,825

Between one and five years

257,871

362,884

In more than five years

15,171

29,167

419,468

537,876

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

247,858

480,386

Other balances

912,426

1,005,574

1,160,284

1,485,960

Falling due within one year

1,160,284

1,485,960

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.