Belmayne Independent Financial Services LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC309012

Belmayne Independent Financial Services LLP

Filleted Unaudited Financial Statements

31 March 2026

Belmayne Independent Financial Services LLP

Financial Statements

Year ended 31 March 2026

Contents	Pages

Designated members and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Belmayne Independent Financial Services LLP

Designated Members and Professional Advisers

Designated members	Mr D B Smalley
	Mr E J Stevens
	Mr M S Birch
	Mr D L C Bashforth

Registered office	Belmayne House
	274 Chesterfield Road
	Dronfield
	Derbyshire
	S18 1XJ

Accountants	Hebblethwaites
	Chartered accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

Belmayne Independent Financial Services LLP

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Current assets

Debtors	5	–	34,508
Cash at bank and in hand		157,290	90,999
		---------	---------
		157,290	125,507

Creditors: amounts falling due within one year	6	31,524	21,983
		---------	---------
Net current assets		125,766	103,524
		---------	---------
Total assets less current liabilities		125,766	103,524

Creditors: amounts falling due after more than one year	7	–	5,622
		---------	---------
Net assets		125,766	97,902
		---------	---------

Represented by:

Loans and other debts due to members

Other amounts	8	125,766	97,902
		---------	--------

Members' other interests

Other reserves	–	–
	---------	--------
	125,766	97,902
	---------	--------

Total members' interests

Amounts due from members		–	(18,336)
Loans and other debts due to members	8	125,766	97,902
Members' other interests		–	–
		---------	--------
		125,766	79,566
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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) relating to small LLPs.

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 financial statements .

Belmayne Independent Financial Services LLP

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 24 June 2026 , and are signed on their behalf by:

Mr D B Smalley	Mr E J Stevens
Designated Member	Designated Member

Mr M S Birch	Mr D L C Bashforth
Designated Member	Designated Member

Registered number: OC309012

Belmayne Independent Financial Services LLP

Notes to the Financial Statements

Year ended 31 March 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Belmayne House, 274 Chesterfield Road, Dronfield, Derbyshire, S18 1XJ.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A 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' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover relates to fees, commissions and similar revenue generated by reference to business written during the period to include any such revenue not received at the period end date but in relation to transactions concluded prior to that date at the point where it is probable that the associated economic benefit will flow to the LLP.

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 the 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.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 11 (2025: 10 ).

5.	Debtors

	2026	2025
	£	£
Other debtors	–	34,508
	----	--------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	5,262	10,000
Social security and other taxes	7,843	6,013
Other creditors	18,419	5,970
	--------	--------
	31,524	21,983
	--------	--------

7. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	5,622
	----	-------

8.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	125,766	97,902
	---------	--------

9.	Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	17,047	547
Later than 1 year and not later than 5 years	5,219	1,642
	--------	-------
	22,266	2,189
	--------	-------

10.	Contingencies

The entity receives an element of contingency income based on business written. A contingent liability therefore exists in relation to any client policies arranged by the LLP where subsequent premiums are not paid by the policyholder. A provision is made for any such known clawback elements. However, there remains an element of uncertainty in this regard for any unknown contingent liability for future clawback of income already received.