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REGISTERED NUMBER: OC400838 (England and Wales)

| Financial Statements

| for the Year Ended 31 August 2025

| for

| Channer Morgan LLP

Channer Morgan LLP (Registered number: OC400838)

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

General Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Channer Morgan LLP

General Information

for the Year Ended 31 August 2025

| DESIGNATED MEMBERS: | Mr A D Channer

| Mr L D Chumbley

| REGISTERED OFFICE: | C/o Parker Cavendish, Suite

| 301, Stanmore Business and

| Innovation Centre, Howard Rd

| Stanmore

| Middlesex

| HA7 1FW

| REGISTERED NUMBER: | OC400838 (England and Wales)

| ACCOUNTANTS: | Parker Cavendish

| Chartered Accountants

| Suite 301, Stanmore Business

| and Innovation Centre

| Howard Road

| Stanmore

| Middlesex

| HA7 1FW

Channer Morgan LLP (Registered number: OC400838)

Statement of Financial Position

31 August 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,210 |  | 5,452 |  |

CURRENT ASSETS

Inventories | 44,661 |  | 34,800 |  |

Debtors | 5 | 5,032 |  | 39,978 |  |

Cash at bank | 91,920 |  | 10,000 |  |

141,613 |  | 84,778 |  |

CREDITORS

Amounts falling due within one year | 6 | (56,320 | ) | (56,431 | ) |

NET CURRENT ASSETS | 85,293 |  | 28,347 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 86,503 |  | 33,799 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (4,855 | ) | (14,565 | ) |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 81,648 |  | 19,234 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 81,648 |  | 19,234 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 81,648 |  | 19,234 |  |

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 31 August 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 13 August 2026 and were signed by:

Mr A D Channer - Designated member

Channer Morgan LLP (Registered number: OC400838)

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Channer Morgan LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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. The financial statements have been prepared under the historical cost convention.

| 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

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

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% Straight line

| Computer equipment | - | 33.33% on cost

| Inventories

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

| Hire purchase and leasing commitments

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

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 | 4,818 |  | 27,953 |  | 9,816 |  | 42,587 |  |

| Additions | 385 |  | - |  | - |  | 385 |  |

| At 31 August 2025 | 5,203 |  | 27,953 |  | 9,816 |  | 42,972 |  |

| DEPRECIATION

| At 1 September 2024 | 4,448 |  | 23,877 |  | 8,810 |  | 37,135 |  |

| Charge for year | 138 |  | 4,076 |  | 413 |  | 4,627 |  |

| At 31 August 2025 | 4,586 |  | 27,953 |  | 9,223 |  | 41,762 |  |

| NET BOOK VALUE

| At 31 August 2025 | 617 |  | - |  | 593 |  | 1,210 |  |

| At 31 August 2024 | 370 |  | 4,076 |  | 1,006 |  | 5,452 |  |

Channer Morgan LLP (Registered number: OC400838)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 79 |  | 34,788 |  |

| Prepayments | 4,953 |  | 5,190 |  |

5,032 |  | 39,978 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 9,710 |  | 9,710 |  |

| Trade creditors | 221 |  | 208 |  |

| VAT | 4,076 |  | 5,743 |  |

| Accruals and deferred income | 42,313 |  | 40,770 |  |

56,320 |  | 56,431 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 4,855 |  | 9,710 |  |

| Bank loans - 2-5 years | - |  | 4,855 |  |

4,855 |  | 14,565 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP. There are no restrictions on the ability of the members to reduce the amount of Members’ other interests.