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Meredith Brodie Design LLP
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Notes to the financial statements
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for the year ended 31 March 2026
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1
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General information
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Meredith Brodie Design LLP is a limited liability partnership registered in England and Wales. Its
registered number is OC374107. Its registered office is Squires Farm, Logmore Lane, Dorking, Surrey,
RH4 3JL.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 and the Companies Act 2006 as applied to LLPs
by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
Regulations 2008. The financial statements have been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the members have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue
as a going concern. In making this assessment, the members take into account all available information
about the future which is at least 12 months from the date that the financial statements are authorised
for issue.
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The members consider that the LLP has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, Value Added Tax and other sales taxes.
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Members' transactions with the LLP
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Transactions and arrangements between the LLP and its members are treated as those between the
LLP and parties who are not members. Amounts due to or from members in respect of drawings, profit
shares, remuneration, interest, or other transactions are included within creditors or debtors in the
statement of financial position, as appropriate.
Members' remuneration and profit shares are accounted for as an appropriation of profits, except where
they are classified as employment costs under the LLP agreement, in which case they are recognised
as an expense in the profit and loss account.
Distributions to members are recognised when paid or when there is an obligation to pay under the LLP
agreement.
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3
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Average number of employees
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During the year the average number of employees was 2 (2025 - 2).
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3
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