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Registration number: OC344076

G Herbert Banks LLP
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2026

G Herbert Banks LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 7
Balance Sheet | 2
Notes to the Financial Statements | 4

G Herbert Banks LLP

Limited liability partnership information

Designated members | Mr R G F Banks Mr T Gaston Mr N J Jethwa

Registered office | The Estate Office Hill House Great Witley Worcs WR6 6JB

Accountants | Ballards LLP Chartered Accountants Oakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH

G Herbert Banks LLP

(Registration number: OC344076)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 3 | 3,043 | 4,058
Current assets |  |  |
Debtors | 4 | 168,069 | 128,570
Cash and short-term deposits |  | 222,628 | 236,541
|  | 390,697 | 365,111
Creditors: Amounts falling due within one year | 5 | (84,485) | (70,661)
Net current assets |  | 306,212 | 294,450
Net assets attributable to members |  | 309,255 | 298,508
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 228,255 | 217,508
Members’ other interests |  |  |
Members' capital classified as equity |  | 81,000 | 81,000
|  | 309,255 | 298,508
Total members' interests |  |  |
Loans and other debts due to members |  | 228,255 | 217,508
Equity |  | 81,000 | 81,000
|  | 309,255 | 298,508

For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

G Herbert Banks LLP

(Registration number: OC344076)
Balance Sheet as at 31 March 2026

The financial statements of G Herbert Banks LLP (registered number OC344076) were approved by the Board and authorised for issue on 10 August 2026. They were signed on behalf of the limited liability partnership by:

......................................... Mr R G F Banks Designated member

G Herbert Banks LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and with the Statement of Recommended Practice (SORP) for LLP's issued in January 2017.

General information and basis of accounting

The limited liability partnership is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class | Depreciation method and rate
Office equipment | 20% on reducing balance
Land and buildings | 33.33% straight line
Fixtures and fittings | 20% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

G Herbert Banks LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 12 (2025 - 12).

G Herbert Banks LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

3 | Tangible fixed assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost |  |  |  |
At 1 April 2025 | 16,226 | 5,258 | 43,264 | 64,748
At 31 March 2026 | 16,226 | 5,258 | 43,264 | 64,748
Depreciation |  |  |  |
At 1 April 2025 | 16,226 | 4,714 | 39,750 | 60,690
Charge for the year | - | 136 | 879 | 1,015
At 31 March 2026 | 16,226 | 4,850 | 40,629 | 61,705
Net book value |  |  |  |
At 31 March 2026 | - | 408 | 2,635 | 3,043
At 31 March 2025 | - | 544 | 3,514 | 4,058

Included within the net book value of land and buildings above is Nil (2025 - Nil) in respect of freehold land and buildings and is Nil Nil (2025 - £) in respect of leaseholds.

4 | Debtors

| 2026 £ | 2025 £
Trade debtors | 149,596 | 111,759
Prepayments and accrued income | 18,473 | 16,811
Total current trade and other debtors | 168,069 | 128,570

G Herbert Banks LLP

Notes to the Financial Statements for the Year Ended 31 March 2026

5 | Creditors: Amounts falling due within one year

| 2026 £ | 2025 £
Trade creditors | 7,566 | 6,030
Other creditors | - | 2,023
Accruals and deferred income | 2,500 | 2,500
Taxation and social security | 74,419 | 60,108
| 84,485 | 70,661