Feilden + Mawson LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC300486 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2025 to 30 September 2025

for

Feilden + Mawson LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Designated members:

Mrs G K Graham

Mr R J Todd

Ms E K Davidson

Mr P N Taylor

Ms E Barnston

Registered office:

1 Ferry Road

Norwich

Norfolk

NR1 1SU

Registered number:

OC300486 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Queens Head House

The Street

Acle

Norwich

Norfolk

NR13 3DY

Fixed assets

Tangible assets

4

386,157

274,611

Investments

5

5,397

391,554

280,008

Current assets

Debtors

6

979,523

1,206,864

Cash at bank and in hand

318,417

379,350

1,297,940

1,586,214

Creditors

Amounts falling due within one year

7

(549,591

)

(511,073

)

Net current assets

748,349

1,075,141

Total assets less current liabilities

1,139,903

1,355,149

Creditors

Amounts falling due after more than one
year

8

-

(11,612

)

Net assets attributable to members

1,139,903

1,343,537

Loans and other debts due to members

11

250,723

593,537

Members' other interests

Capital accounts

600,000

Revaluation reserve

12

289,180

150,000

1,139,903

1,343,537

Total members' interests

Loans and other debts due to members

11

250,723

593,537

Members' other interests

889,180

750,000

1,139,903

1,343,537

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 period ended 30 September 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.

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 9 January 2026 and were signed by:

Mrs G K Graham - Designated member

Mr R J Todd - Designated member

1.	Statement of compliance

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.

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Feilden + Mawson LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair

value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the

useful economic life of that asset as follows:

Land and buildings

-

not provided

Plant and machinery etc

-

20 and 33% on cost, 20% on reducing balance and straight line over 14 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employee information

The average number of employees during the period was 45 (2025 - 44 ) .

4.	Tangible fixed assets

Freehold

Short

Improvements

property

leasehold

to property

£

Cost or valuation

At 1 April 2025

141,000

33,831

66,412

Additions

-

Revaluations

124,000

-

At 30 September 2025

265,000

33,831

66,412

Depreciation

At 1 April 2025

-

21,006

35,628

Charge for period

-

1,692

1,924

At 30 September 2025

-

22,698

37,552

Net book value

At 30 September 2025

265,000

11,133

28,860

At 31 March 2025

141,000

12,825

30,784

Fixtures

and

Computer

fittings

equipment

Totals

£

Cost or valuation

At 1 April 2025

164,195

435,181

840,619

Additions

-

1,554

Revaluations

15,180

-

139,180

At 30 September 2025

179,375

436,735

981,353

Depreciation

At 1 April 2025

106,915

402,459

566,008

Charge for period

(1,504

)

27,076

29,188

At 30 September 2025

105,411

429,535

595,196

Net book value

At 30 September 2025

73,964

7,200

386,157

At 31 March 2025

57,280

32,722

274,611

Cost or valuation at 30 September 2025 is represented by:

Freehold

Short

Improvements

property

leasehold

to property

£

Valuation in 2001

35,000

-

Valuation in 2003

100,000

-

Valuation in 2025

124,000

-

Cost

6,000

33,831

66,412

265,000

33,831

66,412

Fixtures

and

Computer

fittings

equipment

Totals

£

Valuation in 2001

15,000

-

50,000

Valuation in 2003

-

100,000

Valuation in 2025

15,180

-

139,180

Cost

149,195

436,735

692,173

179,375

436,735

981,353

If land and other assets had not been revalued they would have been included at the following historical cost:

30.9.25

31.3.25

£

Cost

6,000

Value of land in freehold land and buildings

265,000

141,000

Freehold land was valued on an open market basis on 3 September 2025 by the designated members .

Within land and buildings is a car park. Upon disposal the of the car park profits will be be split equally between four of the five Equity Partners being; G K Graham, R J Todd, E K Davidson and P N Taylor.

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Fixtures

and

Computer

fittings

equipment

Totals

£

Cost or valuation

At 1 April 2025

and 30 September 2025

38,255

421,859

460,114

Depreciation

At 1 April 2025

34,245

396,422

430,667

Charge for period

1,782

24,932

26,714

At 30 September 2025

36,027

421,354

457,381

Net book value

At 30 September 2025

2,228

505

2,733

At 31 March 2025

4,010

25,437

29,447

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2025

and 30 September 2025

5,397

Net book value

At 30 September 2025

5,397

At 31 March 2025

5,397

6.

Debtors

30.9.25

31.3.25

£

Amounts falling due within one year:

Trade debtors

682,985

995,187

Other debtors

281,458

196,597

964,443

1,191,784

30.9.25

31.3.25

£

Amounts falling due after more than one year:

Other debtors

15,080

Aggregate amounts

979,523

1,206,864

7.

Creditors: amounts falling due within one year

30.9.25

31.3.25

£

Loan from ex-member

-

40,698

Hire purchase contracts and finance leases (see note 9)

37,045

48,505

Trade creditors

163,277

120,829

Social security and other taxes

49,229

52,313

VAT

178,583

156,278

Other creditors

14,264

18,535

Accruals and deferred income

107,193

73,915

549,591

511,073

8.

Creditors: amounts falling due after more than one year

30.9.25

31.3.25

£

Hire purchase contracts and finance leases (see note 9)

-

11,612

9.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

30.9.25

31.3.25

30.9.25

31.3.25

£

Gross obligations repayable:

Within one year

22,496

43,337

15,538

7,239

Between one and five years

-

11,918

22,496

43,337

15,538

19,157

Finance charges repayable:

Within one year

440

1,518

549

553

Between one and five years

-

306

440

1,518

549

859

Net obligations repayable:

Within one year

22,056

41,819

14,989

6,686

Between one and five years

-

11,612

22,056

41,819

14,989

18,298

10.	Secured debts

The following secured debts are included within creditors:

30.9.25

31.3.25

£

Hire purchase contracts and finance leases

37,045

60,117

The bank holds a fixed and floating charge over the assets of the LLP.

Hire purchase agreements are secured on the assets to which they relate.

11.

Loans and other debts due to members

30.9.25

31.3.25

£

Amounts owed to members in respect of profits

250,723

593,537

Falling due within one year

250,723

593,537

Loans and other debts due to members would rank equally with other unsecured creditors in the event of a winding up. In such an event no legally enforceable protection is afforded creditors in preference to the members.

12.

Reserves

Revaluation

reserve

£

At 1 April 2025

150,000

Revaluation of fixed assets

139,180

At 30 September 2025

289,180

The increase/decrease in value of LLP assets represented by movements in the revaluation reserve was allocated to the members in proportion to their profit share at the time of the revaluation.

13.	Other financial commitments

Total financial commitments which are not listed on the balance sheet amount to £573,783 (2025 £712,214).

The commitments comprise:

Norwich rent due to May 2027 - £68,340

London rent and services charges due to July 2027 - £354,643

Cambridge rent due to May 2028 - £150,800