IRIS Accounts Production v25.4.0.155 OC434095 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC434095 2024-03-31 OC434095 2025-03-31 OC434095 2024-04-01 2025-03-31 OC434095 2023-03-31 OC434095 2023-04-01 2024-03-31 OC434095 2024-03-31 OC434095 ns15:EnglandWales 2024-04-01 2025-03-31 OC434095 ns14:PoundSterling 2024-04-01 2025-03-31 OC434095 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC434095 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC434095 ns10:SmallEntities 2024-04-01 2025-03-31 OC434095 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC434095 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC434095 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC434095 ns10:FullAccounts 2024-04-01 2025-03-31 OC434095 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC434095 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC434095 ns5:CurrentFinancialInstruments 2025-03-31 OC434095 ns5:CurrentFinancialInstruments 2024-03-31 OC434095 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC434095 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: OC434095 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Bernard & Sons LLP |

Bernard & Sons LLP (Registered number: OC434095)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Bernard & Sons LLP

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | L J L Bernard

| Mrs M J Bernard

| REGISTERED OFFICE: | 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

| REGISTERED NUMBER: | OC434095 (England and Wales)

| ACCOUNTANTS: | APT

| 44 The Pantiles

| Tunbridge Wells

| Kent

| TN2 5TN

Bernard & Sons LLP (Registered number: OC434095)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 10,069,000 |  | 9,936,000 |  |

CURRENT ASSETS

Debtors | 5 | 15,807 |  | 5,074 |  |

Cash at bank | 130,851 |  | 39,876 |  |

146,658 |  | 44,950 |  |

CREDITORS

Amounts falling due within one year | 6 | 19,085 |  | 28,951 |  |

NET CURRENT ASSETS | 127,573 |  | 15,999 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 10,196,573 |  | 9,951,999 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 241,014 |  | - |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 9,955,559 |  | 9,951,999 |  |

10,196,573 |  | 9,951,999 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 241,014 |  | - |  |

Members' other interests | 9,955,559 |  | 9,951,999 |  |

10,196,573 |  | 9,951,999 |  |

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.

Bernard & Sons LLP (Registered number: OC434095)

Balance Sheet - continued

31 March 2025

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 14 January 2026 and were signed by:

L J L Bernard - Designated member

Bernard & Sons LLP (Registered number: OC434095)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Bernard & Sons 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 as modified by the revaluation of certain assets.

| The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Going concern

| After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 9,936,000 |  |

| Revaluations | 133,000 |  |

| At 31 March 2025 | 10,069,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,069,000 |  |

| At 31 March 2024 | 9,936,000 |  |

Bernard & Sons LLP (Registered number: OC434095)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INVESTMENT PROPERTY - continued

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2023 | 535,000 |  |

| Valuation in 2024 | 831,000 |  |

| Valuation in 2025 | 133,000 |  |

| Cost | 8,570,000 |  |

10,069,000 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 8,570,000 |  | 8,570,000 |  |

| Investment properties were valued on an open market basis on 31 March 2025 by the designated members .

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other debtors | 15,807 |  | 5,074 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 19,085 |  | 28,951 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to members in respect of profits | 241,014 |  | - |  |

| Falling due within one year | 241,014 |  | - |  |

| 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 the members to reduce the amount of 'Members' other

| interests'.

Bernard & Sons LLP (Registered number: OC434095)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | RELATED PARTY DISCLOSURES

| The LLP paid its member Rhino Property Services Limited £46,066 (2024 £42,014 ) in letting agents fees in the accounting period. In addition it was invoiced a further £29,045 (2024 £41,229) in respect of property maintenance expenses.