1 April 2024 false No description of principal activity Taxfiler 2024.6 true OC396946business:LimitedLiabilityPartnershipLLP2024-04-012025-03-31 OC3969462024-03-31 OC3969462024-04-012025-03-31 OC396946business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 OC396946business:FilletedAccounts2024-04-012025-03-31 OC3969462025-03-31 OC396946business:PartnerLLP12024-04-012025-03-31 OC396946business:PartnerLLP22024-04-012025-03-31 OC396946business:RegisteredOffice2024-04-012025-03-31 OC3969462024-03-31 OC396946core:WithinOneYear2025-03-31 OC396946core:WithinOneYear2024-03-31 OC396946business:SmallEntities2024-04-012025-03-31 OC396946core:MotorVehicles2024-04-012025-03-31 OC396946core:FurnitureFittings2024-04-012025-03-31 OC396946countries:EnglandWales2024-04-012025-03-31 OC396946core:MotorVehicles2024-03-31 OC396946core:FurnitureFittings2024-03-31 OC396946core:MotorVehicles2025-03-31 OC396946core:FurnitureFittings2025-03-31 OC3969462023-01-012024-03-31 iso4217:GBP xbrli:pure
Registered No. OC396946 (England and Wales)
BDM PALMER LIMITED LIABILITY PARTNERSHIP Unaudited accounts for the year ended 31 March 2025
BDM PALMER LIMITED LIABILITY PARTNERSHIP LLP Information for the year ended 31 March 2025
Designated members
Mr Benjamin David Murton PALMER
Mrs Harriet Julia PALMER
Registered Number
OC396946 (England and Wales)
Registered Office
THE DOVECOTE TEMPLE COTTAGE GODMERSHAM PARK CANTERBURY KENT CT4 7DT
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BDM PALMER LIMITED LIABILITY PARTNERSHIP Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
4,698 
7,048 
Current assets
Debtors
- 
600 
Cash at bank and in hand
173,392 
164,370 
173,392 
164,970 
Creditors: amounts falling due within one year
4
(8,922)
(10,555)
Net current assets
164,470 
154,415 
Net assets attributable to members
169,168 
161,463 
Represented by:
Loans and other debts due to members
5
169,168 
161,463 
169,168 
161,463 
Total members' interests
Loans and other debts due to members
169,168 
161,463 
169,168 
161,463 
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 29 December 2025.
Mr Benjamin David Murton PALMER Designated member Limited Liability Partnership Registration No. OC396946
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BDM PALMER LIMITED LIABILITY PARTNERSHIP 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.
Members' participating interests
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.
Financial instruments
The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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BDM PALMER LIMITED LIABILITY PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025
Judgements and key sources of estimation uncertainty
In the application of the limited liability partnership’s accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Statutory information
BDM PALMER LIMITED LIABILITY PARTNERSHIP is a limited liability partnership, incorporated in England and Wales, registration number OC396946. Its registered office is THE DOVECOTE TEMPLE COTTAGE, GODMERSHAM PARK, CANTERBURY, KENT, CT4 7DT.
3
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
11,658 
3,694 
15,352 
At 31 March 2025
11,658 
3,694 
15,352 
Depreciation
At 1 April 2024
5,246 
3,058 
8,304 
Charge for the year
2,137 
213 
2,350 
At 31 March 2025
7,383 
3,271 
10,654 
Net book value
At 31 March 2025
4,275 
423 
4,698 
At 31 March 2024
6,412 
636 
7,048 
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security costs
7,532 
2,948 
Other creditors
1,390 
1,375 
Accruals
- 
6,232 
8,922 
10,555 
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BDM PALMER LIMITED LIABILITY PARTNERSHIP Notes to the Accounts for the year ended 31 March 2025
5
Loans and other debts due to members
2025 
2024 
£ 
£ 
Members' capital classified as a liability
134,687 
134,687 
Amounts due to members in respect of profits
34,481 
26,776 
169,168 
161,463 
Amounts falling due within one year
169,168 
161,463 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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