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REGISTERED NUMBER: OC356032 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 30 April 2025 |

| for |

| Swinburne Maddison LLP |

| Swinburne Maddison LLP (Registered number: OC356032) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Swinburne Maddison LLP |

General Information

for the Year Ended 30 April 2025

| DESIGNATED MEMBERS: | J M Moreland

| V E Walton

| K E Stephenson

| M W Tennant

| S A Robinson

| REGISTERED OFFICE: | Venture House

| Aykley Heads Business Centre

| Aykley Heads

| Durham

| Co Durham

| DH1 5TS

| REGISTERED NUMBER: | OC356032 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| Kepier House

| Belmont Business Park

| Durham

| DH1 1TW

| BANKERS: | National Westminster Bank PLC

| 12 Market Place

| Durham

| Co Durham

| DH1 3NG

| Swinburne Maddison LLP (Registered number: OC356032) |

Balance Sheet

30 April 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 116,409 |  | 128,024 |  |

CURRENT ASSETS

Debtors | 5 | 2,197,839 |  | 2,146,699 |  |

Cash at bank | 611,176 |  | 342,003 |  |

2,809,015 |  | 2,488,702 |  |

CREDITORS

Amounts falling due within one year | 6 | (719,921 | ) | (629,260 | ) |

NET CURRENT ASSETS | 2,089,094 |  | 1,859,442 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,205,503 |  | 1,987,466 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 2,205,503 |  | 1,987,466 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 2,205,503 |  | 1,987,466 |  |

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 30 April 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.

| Swinburne Maddison LLP (Registered number: OC356032) |

Balance Sheet - continued

30 April 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 5 January 2026 and were signed by:

M W Tennant - Designated member

| Swinburne Maddison LLP (Registered number: OC356032) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Swinburne Maddison 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.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| There were no material departures from that standard.

| Turnover

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

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the LLP will receive consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 10 - 25% on cost

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

| 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.

| Swinburne Maddison LLP (Registered number: OC356032) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Members' participation rights

| 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 'the Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on part of the LLP.

| Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

| All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

| Tangible fixed assets

| Tangible fixed assets are held at cost less accumulated depreciation.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 83 (2024 - 77 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 59,545 |  | 458,465 |  | 518,010 |  |

| Additions | - |  | 45,973 |  | 45,973 |  |

| At 30 April 2025 | 59,545 |  | 504,438 |  | 563,983 |  |

| DEPRECIATION

| At 1 May 2024 | 38,208 |  | 351,778 |  | 389,986 |  |

| Charge for year | 5,949 |  | 51,639 |  | 57,588 |  |

| At 30 April 2025 | 44,157 |  | 403,417 |  | 447,574 |  |

| NET BOOK VALUE

| At 30 April 2025 | 15,388 |  | 101,021 |  | 116,409 |  |

| At 30 April 2024 | 21,337 |  | 106,687 |  | 128,024 |  |

| Swinburne Maddison LLP (Registered number: OC356032) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 947,759 |  | 1,010,250 |  |

| Amounts recoverable on

| contracts | 1,106,039 |  | 981,274 |  |

| Other debtors | - |  | 5,180 |  |

| Prepayments and accrued income | 144,041 |  | 149,995 |  |

2,197,839 |  | 2,146,699 |  |

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

2025 | 2024 |

£ | £ |

| Other loans | 93,145 |  | 104,612 |  |

| Trade creditors | 10,675 |  | 24,899 |  |

| Social security and other taxes | 350,126 |  | 305,312 |  |

| Other creditors | 9,001 |  | 13,465 |  |

| Accruals and deferred income | 256,974 |  | 180,972 |  |

719,921 |  | 629,260 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 167,780 |  | 195,283 |  |

| Between one and five years | 570,745 |  | 594,656 |  |

| In more than five years | 895,671 |  | 1,039,540 |  |

1,634,196 |  | 1,829,479 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 2,205,503 |  | 1,987,466 |  |

| Falling due within one year | 2,205,503 |  | 1,987,466 |  |