REGISTERED NUMBER: OC436998 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Murray Hay LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I Hay

C Murray

R Hammond

REGISTERED OFFICE:

Unit 6, 3 Eastfields Avenue

Riverside Quarter

London

SW18 1GN

REGISTERED NUMBER:

OC436998 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

78,098

88,625

CURRENT ASSETS

Debtors

5

124,427

146,165

Cash at bank and in hand

180,445

106,111

304,872

252,276

CREDITORS

Amounts falling due within one year

6

114,132

113,119

NET CURRENT ASSETS

190,740

139,157

TOTAL ASSETS LESS CURRENT LIABILITIES

268,838

227,782

CREDITORS

Amounts falling due after more than one year

7

43,162

71,468

NET ASSETS ATTRIBUTABLE TO MEMBERS

225,676

156,314

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

225,676

156,314

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

225,676

156,314

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 9 January 2026 and were signed by:

I Hay - Designated member

1.	STATUTORY INFORMATION

Murray Hay 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 fees receivable less value added tax.

Tangible fixed assets

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

Fixtures and fittings - 15% on reducing balance

Computer equipment - 25% on reducing balance

Motor Vehicle - 25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

45,240

47,718

9,990

102,948

Additions

-

-

10,840

10,840

At 31 March 2025

45,240

47,718

20,830

113,788

DEPRECIATION

At 1 April 2024

10,250

-

4,073

14,323

Charge for year

5,248

11,930

4,189

21,367

At 31 March 2025

15,498

11,930

8,262

35,690

NET BOOK VALUE

At 31 March 2025

29,742

35,788

12,568

78,098

At 31 March 2024

34,990

47,718

5,917

88,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

52,648

55,697

Accrued fees

48,500

45,700

Prepayments

23,279

44,768

124,427

146,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

43,401

52,102

Hire purchase contracts

6,556

14,071

Social security and other taxes

13,343

13,726

VAT

36,451

21,569

Accrued expenses

14,381

11,651

114,132

113,119

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

13,732

43,326

Hire purchase contracts

29,430

28,142

43,162

71,468

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

43,401

52,102

Amounts falling due between one and two years:

Bank loans - 1-2 years

13,732

35,739

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

7,587

9.

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 is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of members to reduce the amount of "Members" other interests.

10.	RELATED PARTY DISCLOSURES

During the period the LLP paid rent of £35,000.00 to Mr I Hay and Mr C Murray in respect of the LLP's offices.