FORE Advisors LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC362304

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		37,402		37,817
Tangible Assets	5		185,964		229,699
Investments	6		20		20

			223,386		267,536
CURRENT ASSETS
Debtors	7	742,194		433,640
Cash at bank and in hand		92,795		385

		834,989		434,025
Creditors: Amounts Falling Due Within One Year	8	(772,832 )		(1,275,632 )

NET CURRENT ASSETS (LIABILITIES)			62,157		(841,607 )

TOTAL ASSETS LESS CURRENT LIABILITIES			285,543		(574,071 )

Creditors: Amounts Falling Due After More Than One Year	9		(603,498 )		-

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(317,955 )		(574,071 )

REPRESENTED BY:
Equity
Members' other interests
Members' capital		186,000		186,000
Other reserves		(503,955)		(760,071)

			(317,955)		(574,071)

TOTAL MEMBERS' INTEREST
Members' other interests			(317,955)		(574,071)

			(317,955)		(574,071)

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FORE Advisors LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

The financial statements were approved by the members on 30 December 2025 and were signed on their behalf by:

Mr Basil Demeroutis

Designated Member

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

FORE Advisors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC362304 . The Registered Office is C/O Goringe Accountants Ltd, Waterside, 1650 Arlington Business Park, Theale, Reading, Berkshire, RG7 4SA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Goodwill 10% Straight line

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 10% on a straight line basis over their expected useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight line
Plant & Machinery	20% Straight line
Motor Vehicles	15% Reducing balance
Fixtures & Fittings	10% Straight line

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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FORE Advisors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 5)

4. Intangible Assets

	Goodwill	Development Costs	Total
	£	£	£
Cost
As at 1 April 2024	77,864	25,000	102,864

As at 31 March 2025	77,864	25,000	102,864

Amortisation
As at 1 April 2024	40,047	25,000	65,047
Provided during the period	415	-	415

As at 31 March 2025	40,462	25,000	65,462

Net Book Value
As at 31 March 2025	37,402	-	37,402

As at 1 April 2024	37,817	-	37,817

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	177,356	104,657	118,480	69,765	470,258
Additions	-	1,053	-	-	1,053

As at 31 March 2025	177,356	105,710	118,480	69,765	471,311

Depreciation
As at 1 April 2024	57,442	80,937	78,384	23,796	240,559
Provided during the period	17,736	14,392	5,683	6,977	44,788

As at 31 March 2025	75,178	95,329	84,067	30,773	285,347

Net Book Value
As at 31 March 2025	102,178	10,381	34,413	38,992	185,964

As at 1 April 2024	119,914	23,720	40,096	45,969	229,699

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FORE Advisors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	20

As at 31 March 2025	20

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	20

As at 1 April 2024	20

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	379,698	166,224
Other debtors	140,425	128,601
Amounts owed by group undertakings	222,071	138,815

	742,194	433,640

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	344,056	402,551
Bank loans and overdrafts	278	-
Other taxes and social security	90,757	159,119
Other creditors	6,486	65,459
Accruals and deferred income	331,236	648,484
Amounts owed to group undertakings	19	19

	772,832	1,275,632

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Trade creditors	40,456	-
Other taxes and social security	236,125	-
Accruals and deferred income	326,917	-

	603,498	-

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FORE Advisors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	34,474	132,763
Later than one year and not later than five years	-	18,277

	34,474	151,040

11. Related Party Transactions

FORE Advisors LLP is the guarantor in respect of a loan for B Demeroutis.

12. Audit Information

The auditor's report on the accounts of FORE Advisors LLP for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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