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Registered number: OC340605
Burns Consulting LLP
Unaudited Financial Statements
For The Year Ended 31 October 2025
The Bubb Sherwin Partnership Limited
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC340605
2025 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 12,030 12,102
Debtors 6 21,651 3,549
Cash at bank and in hand 1,494 7,143
35,175 22,794
Creditors: Amounts Falling Due Within One Year 7 (2,201 ) (1,614 )
NET CURRENT ASSETS (LIABILITIES) 32,974 21,180
TOTAL ASSETS LESS CURRENT LIABILITIES 32,974 21,180
NET ASSETS ATTRIBUTABLE TO MEMBERS 32,974 21,180
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 32,974 21,180
32,974 21,180
32,974 21,180
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 32,974 21,180
32,974 21,180
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Page 2
For the year ending 31 October 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
Mr Andrew Burns
Partner
28/01/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Burns Consulting LLP is a limited liability partnership, incorporated in England & Wales, registered number OC340605 . The Registered Office is 189 Island Wall, Whitstable, Kent, CT5 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)
- -
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4. Tangible Assets
Equipment
£
Cost
As at 1 November 2024 3,679
As at 31 October 2025 3,679
Depreciation
As at 1 November 2024 3,679
As at 31 October 2025 3,679
Net Book Value
As at 31 October 2025 -
As at 1 November 2024 -
5. Stocks
2025 2024
£ £
Work in progress 12,030 12,102
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,651 3,549
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 22
Other creditors 1,595 1,520
Taxation and social security 606 72
2,201 1,614
8. Related Party Transactions
The LLP is under the contol of Mr and Mrs Burns as the designated members.
9. Loans and Other Debts due to Members
Amounts owed to members in respect of profits: £32,974, (2024: £21,180)
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