Bellamy Wallace Partnership LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: OC331062

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		94,390		80,945

			94,390		80,945
CURRENT ASSETS
Debtors	6	336,730		316,904
Cash at bank and in hand		37,363		10,805

		374,093		327,709
Creditors: Amounts Falling Due Within One Year	7	(260,172 )		(242,317 )

NET CURRENT ASSETS (LIABILITIES)			113,921		85,392

TOTAL ASSETS LESS CURRENT LIABILITIES			208,311		166,337

Creditors: Amounts Falling Due After More Than One Year	8		(68,305 )		(106,843 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			140,006		59,494

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(137,716)		(150,822)
Other reserves		277,722		210,316

			140,006		59,494

TOTAL MEMBERS' INTEREST
Members' other interests			140,006		59,494

			140,006		59,494

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Bellamy Wallace Partnership LLP

Balance Sheet (continued)

As At 31 March 2026

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 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 Profit and Loss Account.

On behalf of the members

Mr Timothy Bellamy

Partner

23rd July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Bellamy Wallace Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC331062 . The Registered Office is Springfield Rag Room, Mill Lane, Maidstone, Kent, ME14 1GU.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

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Bellamy Wallace Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 17 (2025: 16)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	12,500

As at 31 March 2026	12,500

Amortisation
As at 1 April 2025	12,500

As at 31 March 2026	12,500

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	137,151	23,267	100,848	261,266
Additions	51,980	-	457	52,437
Disposals	(48,799 )	-	-	(48,799 )

As at 31 March 2026	140,332	23,267	101,305	264,904

...CONTINUED

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Bellamy Wallace Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	70,907	22,190	87,224	180,321
Provided during the period	18,523	269	3,473	22,265
Disposals	(32,072 )	-	-	(32,072 )

As at 31 March 2026	57,358	22,459	90,697	170,514

Net Book Value
As at 31 March 2026	82,974	808	10,608	94,390

As at 1 April 2025	66,244	1,077	13,624	80,945

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	82,974	66,244

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	279,720	264,878
Amounts recoverable on contracts	-	5,690
Other debtors	57,010	46,336

	336,730	316,904

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	20,856	21,506
Trade creditors	60,773	54,345
Bank loans and overdrafts	61,324	48,213
Other creditors	33,049	27,137
Taxation and social security	84,170	91,116

	260,172	242,317

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Bellamy Wallace Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	55,638	51,154
Bank loans	12,667	41,514
Other creditors (1) > 1 year	-	14,175

	68,305	106,843

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	20,856	21,506
Later than one year and not later than five years	55,638	51,154

	76,494	72,660

	76,494	72,660

10. Other Commitments

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

	2026	2025
	£	£
Not later than one year	5,024	-
Later than one year and not later than five years	3,350	-

	8,374	-

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