Silverfin false false 30/04/2025 01/05/2024 30/04/2025 N Bignall 01/05/2020 R Evans 01/05/2025 T Hegan 01/05/2015 P Marshall 01/05/2025 O Smith 01/05/2024 14 January 2026 The principal activity of the limited liability partnership continued to be that of property advisory, serving the needs of office and industrial occupiers, and residential and commercial developers. OC373392 2025-04-30 OC373392 bus:Director1 2025-04-30 OC373392 bus:Director2 2025-04-30 OC373392 bus:Director3 2025-04-30 OC373392 bus:Director4 2025-04-30 OC373392 bus:Director5 2025-04-30 OC373392 2024-04-30 OC373392 core:CurrentFinancialInstruments 2025-04-30 OC373392 core:CurrentFinancialInstruments 2024-04-30 OC373392 core:FurnitureFittings 2024-04-30 OC373392 core:ComputerEquipment 2024-04-30 OC373392 core:FurnitureFittings 2025-04-30 OC373392 core:ComputerEquipment 2025-04-30 OC373392 2024-05-01 2025-04-30 OC373392 bus:FilletedAccounts 2024-05-01 2025-04-30 OC373392 bus:SmallEntities 2024-05-01 2025-04-30 OC373392 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 OC373392 bus:LimitedLiabilityPartnershipLLP 2024-05-01 2025-04-30 OC373392 bus:Director1 2024-05-01 2025-04-30 OC373392 bus:Director2 2024-05-01 2025-04-30 OC373392 bus:Director3 2024-05-01 2025-04-30 OC373392 bus:Director4 2024-05-01 2025-04-30 OC373392 bus:Director5 2024-05-01 2025-04-30 OC373392 core:FurnitureFittings core:TopRangeValue 2024-05-01 2025-04-30 OC373392 core:ComputerEquipment core:TopRangeValue 2024-05-01 2025-04-30 OC373392 2023-05-01 2024-04-30 OC373392 core:FurnitureFittings 2024-05-01 2025-04-30 OC373392 core:ComputerEquipment 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Company No: OC373392 (England and Wales)

# TURNER MORUM LLP

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

TURNER MORUM LLP

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

TURNER MORUM LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 30 April 2025
TURNER MORUM LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 30 April 2025

DESIGNATED MEMBERS | N Bignall
| R Evans (Appointed 01 May 2025)
| T Hegan
| P Marshall (Appointed 01 May 2025)
| O Smith (Appointed 01 May 2024)

REGISTERED OFFICE | 32-33 Cowcross Street
| London
| EC1M 6DF
| United Kingdom

REGISTERED NUMBER | OC373392 (England and Wales)

ACCOUNTANT | Gravita Business Services II Limited
| Aldgate Tower
| 2 Leman Street
| London
| E1 8FA
| United Kingdom

TURNER MORUM LLP

## BALANCE SHEET

As at 30 April 2025
TURNER MORUM LLP

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 13,605 |  | 13,920
|  | 13,605 |  | 13,920
Current assets |  |  |  |
Stocks |  | 97,350 |  | 299,334
Debtors | 5 | 2,188,636 |  | 2,033,797
Cash at bank and in hand |  | 576,458 |  | 593,430
|  | 2,862,444 |  | 2,926,561
Creditors: amounts falling due within one year | 6 | ( 841,324) |  | ( 691,913)
Net current assets |  | 2,021,120 |  | 2,234,648
Total assets less current liabilities |  | 2,034,725 |  | 2,248,568
Net assets attributable to members |  | 2,034,725 |  | 2,248,568
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Other amounts |  | 2,034,725 |  | 2,248,568
|  | 2,034,725 |  | 2,248,568
Members' other interests |  |  |  |
|  | 0 |  | 0
|  | 2,034,725 |  | 2,248,568
Total members' interests |  |  |  |
Loans and other debts due to members |  | 2,034,725 |  | 2,248,568
|  | 2,034,725 |  | 2,248,568

For the financial year ending 30 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Turner Morum LLP (registered number: OC373392) were approved and authorised for issue by the Board of Directors on 14 January 2026. They were signed on its behalf by:

N Bignall Designated member |  | O Smith Designated member
T Hegan Designated member |  | P Marshall Designated member
R Evans Designated member |

TURNER MORUM LLP

## RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 30 April 2025
TURNER MORUM LLP

## RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 30 April 2025

| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
--- | --- | --- | ---
| Other reserves | Other amounts | Total
| £ | £ | £
Amounts due to members |  | 2,030,675 |
Balance at 01 May 2023 | 0 | 2,030,675 | 2,030,675
Profit for the financial year available for discretionary division among members | 2,538,396 | 0 | 2,538,396
Members' interest after profit for the financial year | 2,538,396 | 2,030,675 | 4,569,071
Division of profit | (2,538,396) | 2,538,396 | 0
Repayment of debt | 0 | (2,320,503) | (2,320,503)
Amounts due to members |  | 2,248,568 |
Balance at 30 April 2024 | 0 | 2,248,568 | 2,248,568
Profit for the financial year available for discretionary division among members | 2,551,357 | 0 | 2,551,357
Members' interest after profit for the financial year | 2,551,357 | 2,248,568 | 4,799,925
Division of profit | (2,551,357) | 2,551,357 | 0
Repayment of Debt | 0 | (2,765,200) | (2,765,200)
Amounts due to members |  | 2,034,725 |
Balance at 30 April 2025 | 0 | 2,034,725 | 2,034,725

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

TURNER MORUM LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
TURNER MORUM LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Turner Morum LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 32-33 Cowcross Street, London, EC1M 6DF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable for Chartered Surveyor services net of VAT where applicable.
Any revenue derived from ongoing contracts is recognised to the extent that agreed deliverables have been performed.

##### Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 2 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Work in progress is valued at the lower of cost and amount recoverable from customers.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of work in progress over its estimated recoverability is recognised directly in the closing work in progress in the Profit and Loss account. Reversals of impairment losses are also recognised in profit or loss.

##### 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.

##### Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 10 |  | 11

#### 3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

| 2025 |  | 2024
| Number |  | Number
Average number of members during the financial year | 3 |  | 3

#### 4. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 May 2024 | 131,628 |  | 269,903 |  | 401,531
Additions | 9,950 |  | 6,313 |  | 16,263
At 30 April 2025 | 141,578 |  | 276,216 |  | 417,794
Accumulated depreciation |  |  |  |  |
At 01 May 2024 | 129,983 |  | 257,628 |  | 387,611
Charge for the financial year | 6,606 |  | 9,972 |  | 16,578
At 30 April 2025 | 136,589 |  | 267,600 |  | 404,189
Net book value |  |  |  |  |
At 30 April 2025 | 4,989 |  | 8,616 |  | 13,605
At 30 April 2024 | 1,645 |  | 12,275 |  | 13,920

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,676,809 |  | 1,536,870
Other debtors | 511,827 |  | 496,927
| 2,188,636 |  | 2,033,797

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 54,239 |  | 66,607
Other taxation and social security | 418,912 |  | 406,223
Other creditors | 368,173 |  | 219,083
| 841,324 |  | 691,913

#### 7. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 78,000 |  | 156,000

During the year, a new lease for the premises was negotiated with the landlord.

#### 8. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with
unsecured creditors.