Gray Baynes & Shew LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC324194

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,956		14,520

			13,956		14,520
CURRENT ASSETS
Debtors	5	531,103		411,573
Cash at bank and in hand		457		120,542

		531,560		532,115
Creditors: Amounts Falling Due Within One Year	6	(337,279 )		(196,147 )

NET CURRENT ASSETS (LIABILITIES)			194,281		335,968

TOTAL ASSETS LESS CURRENT LIABILITIES			208,237		350,488

Creditors: Amounts Falling Due After More Than One Year	7		(19,706 )		-

NET ASSETS ATTRIBUTABLE TO MEMBERS			188,531		350,488

REPRESENTED BY:
Loans and other debts due to members
Other amounts		78,531		240,488

			78,531		240,488

Equity
Members' other interests
Members' capital		110,000		110,000

			110,000		110,000

			188,531		350,488

TOTAL MEMBERS' INTEREST
Amounts due from members			(56,900)		-

...CONTINUED

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Gray Baynes & Shew LLP

Balance Sheet (continued)

As At 31 March 2026

Loans and other debts due to members	78,531	240,488
Members' other interests	110,000	110,000

	131,631	350,488

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 D Welbourne

Designated Member

22 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Gray Baynes & Shew LLP is a limited liability partnership, incorporated in England & Wales, registered number OC324194 . The Registered Office is 27 & 28 Prama House, 267 Banbury Road, Summertown, Oxford, OX2 7HT.

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 value added taxes. Turnover includes revenue earned from the rendering of services.

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:

Fixtures & Fittings	25% Straight line
Computer Equipment	25% Straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 12 (2025: 12)

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Gray Baynes & Shew LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	30,874	58,692	89,566
Additions	-	8,717	8,717
Disposals	(29,036 )	(5,227 )	(34,263 )

As at 31 March 2026	1,838	62,182	64,020

Depreciation
As at 1 April 2025	30,445	44,601	75,046
Provided during the period	56	8,907	8,963
Disposals	(28,718 )	(5,227 )	(33,945 )

As at 31 March 2026	1,783	48,281	50,064

Net Book Value
As at 31 March 2026	55	13,901	13,956

As at 1 April 2025	429	14,091	14,520

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	346,280	286,124
Prepayments and accrued income	118,188	125,449
Other debtors	9,735	-
Amounts due from members	56,900	-

	531,103	411,573

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	196,623	32,486
Bank loans and overdrafts	59,582	46,648
Other taxes and social security	13,195	11,159
VAT	38,675	78,025
Accrued defined contribution payments	2,354	2,128
Accruals and deferred income	26,850	25,701

	337,279	196,147

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Gray Baynes & Shew LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Bank loans	19,706	-

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