REGISTERED NUMBER: OC307857 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026

FOR

BURY FITZWILLIAM-LAY AND PARTNERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

F S Bury

E H Fitzwilliam-Lay

REGISTERED OFFICE:

Hungerford Office

Hungerford

Craven Arms

Shropshire

SY7 9HG

REGISTERED NUMBER:

OC307857 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

INVESTMENT MANAGERS:

Rathbones Investment Management Limited

8th Floor, 8 Finsbury Circus

London

EC2M 7AZ

FIXED ASSETS

Tangible assets

5

-

-

Investments

6

4,196,888

3,470,288

4,196,888

3,470,288

CURRENT ASSETS

Debtors

7

74,117

71,828

Cash at bank

31,903

33,666

106,020

105,494

CREDITORS

Amounts falling due within one year

8

13,661

17,198

NET CURRENT ASSETS

92,359

88,296

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,289,247

3,558,584

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

4,289,247

3,558,584

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

4,289,247

3,558,584

Amounts due from members

7

(64,912

)

(65,278

)

4,224,335

3,493,306

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 year ended 5 April 2026.

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 27 July 2026 and were signed by:

F S Bury - Designated member

E H Fitzwilliam-Lay - Designated member

1.	STATUTORY INFORMATION

Bury Fitzwilliam-Lay and Partners LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention except for certain financial instruments that are included at fair value as specified in the the accounting policies below.

The financial statements are for the individual entity only and are presented in Sterling (£), rounded to the nearest £1.

Turnover

Turnover represents net profits or losses arising from investing in shares, directors fees and interest received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

(i) Fixed asset investments

Unlisted investments are measured at cost less impairment, as fair values cannot be reliably estimated. Appropriate provision is made, where applicable, for impairment of unlisted investments at the balance sheet date.

Listed investments are included at fair value. Changes in fair value are recognised in the income statement. The fair value is based on the mid-market value at the balance sheet date, as given in the portfolio valuation provided by Rathbones Investment Management Limited of 8 Finsbury Circus, London, EC2M 7AZ, which is based on Stock Exchange values. Provision is made for impairment of listed investments where there is considered to be a permanent diminution in value. Investments are listed on either the UK stock exchange, AIM or non-UK stock exchanges.

(ii) Other financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(iii) Financial liabilities

Short term trade creditors are measured at the transaction price. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Foreign currencies

Listed investments in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Members' interests

The LLP has eight classes of members - Class A, Class B, I-Pulse Nominees, Class B - I-Nexus 2015, Domainex TCF 2018, I -Nexus Global Loan Notes 2020, Domainex 2021 and Domainex 2026. Members' capital accounts have been classified as debt in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The terms of the entity's governing charter have been considered in determining the classification as debt or equity. The LLP agreement states that no member may withdraw their capital before the fifth anniversary of their admission to the LLP. As this anniversary was reached by 5 April 2009 for Class A members and 5 April 2014 for Class B members, their interests are regarded as debt.

I-Pulse Nominees, Class B - I-Nexus 2015, Domainex TCF 2018, I-Nexus Global Loan Notes 2020, Domainex 2021 and Domainex 2026 members' capital accounts have been classified as debt, to be consistent with the treatment of the Class A and B members' capital accounts.

Members' remuneration

The profits/(losses) of the LLP will be allocated to Members (subject to provisions relating to Bonus Distribution) in the proportions shown in the partnership agreement as regards each Class of Interests as soon as the annual accounts for the relevant accounting year of the LLP are approved by the Members at the Annual General Meeting. Divisions of profits/(losses) are reported as equity appropriations rather than as an expense in the profit and loss account as the allocation is not automatic and requires the approval of the Members.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 6 April 2025

and 5 April 2026

1,182

10,347

11,529

DEPRECIATION

At 6 April 2025

and 5 April 2026

1,182

10,347

11,529

NET BOOK VALUE

At 5 April 2026

-

-

-

At 5 April 2025

-

-

-

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 6 April 2025

3,470,288

Additions

726,600

At 5 April 2026

4,196,888

NET BOOK VALUE

At 5 April 2026

4,196,888

At 5 April 2025

3,470,288

Cost or valuation at 5 April 2026 is represented by:

Unlisted

investments

£

Valuation in 2020

(475,715

)

Valuation in 2021

34,297

Valuation in 2022

(24,810

)

Valuation in 2023

5,108

Valuation in 2024

(18,244

)

Valuation in 2025

(14,594

)

Cost

4,690,846

4,196,888

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Trade debtors

8,500

4,500

Amounts due from members

64,912

65,278

Other debtors

705

2,050

74,117

71,828

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.26

5.4.25

£

£

Accrued expenses

13,661

17,198

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

5.4.26

5.4.25

£

£

Amounts owed to members in respect of profits

4,289,247

3,558,584

Falling due within one year

4,289,247

3,558,584

It is the policy of the members not to draw profits in preference of other creditors. There is no protection afforded to creditors.

10.	CONTINGENT LIABILITIES

During a prior year, the LLP disposed of its investment in TSL Research Group Limited. As part of the sale and purchase agreement, the LLP agreed to act as guarantor in respect of the warranties.

11.	RELATED PARTY DISCLOSURES

During the year F S Bury Esq was a director of Domainex Limited as a representative of the LLP. Included within unlisted investments at 5th April 2026 is £1,836,153 (2025: £1,109,553) relating to shares held in Domainex Limited. Turnover includes investment monitoring fees of £18,000 (2025: £18,000) receivable from Domainex Limited and a balance of £4,500 is included in debtors due within one year (2025: £4,500). F S Bury also acted in a personal capacity as a salaried non-executive director of Domainex and chair of the audit committee. F S Bury resigned as a director on 14 May 2026.