Brett & Storm Consulting LLP - Filleted accounts

Registered number

OC434031

Brett & Storm Consulting LLP

Filleted Accounts

31 March 2025

Brett & Storm Consulting LLP
Registered number:		OC434031
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Current assets
Cash at bank and in hand		2,276		2,321

Creditors: amounts falling due within one year	3	(4,821)		(1,300)

Net current (liabilities)/assets		(2,545)		1,021

Total assets less current liabilities		(2,545)		1,021



Net (liabilities)/assets attributable to members		(2,545)		1,021

Represented by:
Loans and other debts due to members	4	(223,343)		(218,418)

Members' other interests
Other reserves		220,798		219,439

		(2,545)		1,021

Total members' interests
Loans and other debts due to members	4	(223,343)		(218,418)
Members' other interests		220,798		219,439

		(2,545)		1,021

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 30 December 2025 and signed on their behalf by:


S Brett
Designated member

Brett & Storm Consulting LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the LLP	0		0


3	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	10		-
	Trade creditors	3,211		-
	Other creditors	1,600		1,300
		4,821		1,300


4	Loans and other debts due to members	2025		2024
£			£

	Loans from members	1,941		1,941
	Amounts due to members in respect of profits	(225,284)		(220,359)
		(223,343)		(218,418)

	Amounts falling due within one year	(223,343)		(218,418)

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


5	Other information

	Brett & Storm Consulting LLP is a limited liability partnership incorporated in England. Its registered office is:
	43 Mornington Road
	Chingford
	London
	E4 7DT