REGISTERED NUMBER: OC442683 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CHAMBERS WEALTH LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

M J Drake

Chambers Wealth Financial Planning Limited

REGISTERED OFFICE:

The Galleries

Charters Road

Sunningdale

Ascot

Berkshire

SL5 9QJ

REGISTERED NUMBER:

OC442683 (England and Wales)

ACCOUNTANTS:

Stewart & Co Accountants LLP

Chartered Accountants

Knoll House

Knoll Road

Camberley

Surrey

GU15 3SY

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of financial planning and wealth management.

DESIGNATED MEMBERS

The designated members during the year under review were:

M J Drake

Chambers Investments Limited

M J Stokes

Chambers Investments Limited resigned as a member on 19 November 2024.

Prior to the signing of these financial statements, Mr M J Stokes resigned as a member on 1 August 2025 and Chambers Wealth Financial Planning Limited was appointed as a member on 30 July 2025.

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £145,059 (2025 - £115,306 profit).

MEMBERS' INTERESTS

The members' drawings policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of the profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par".

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result.

ON BEHALF OF THE MEMBERS:

M J Drake - Designated member

19 August 2026

TURNOVER

259,907

137,425

Cost of sales

66,331

9,340

GROSS PROFIT

193,576

128,085

Administrative expenses

48,517

12,779

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

145,059

115,306

ASSETS

FIXED ASSETS

Tangible assets

6

1,178

431

CURRENT ASSETS

Debtors

7

20,186

17,584

Cash at bank

2,807

5

22,993

17,589

24,171

18,020

CAPITAL, RESERVES AND LIABILITIES

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

16,565

18,020

CREDITORS

9

7,606

-

24,171

18,020

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

16,565

18,020

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 March 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 19 August 2026 and were signed by:

M J Drake - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

18,020

Amount due from members

-

Balance at 1 April 2025

-

18,020

18,020

Profit for the financial year available for discretionary division among members

145,059

-

145,059

Members' interests after profit for the year

145,059

18,020

163,079

Other divisions of profit

(145,059

)

145,059

-

Introduced by members

-

20,000

20,000

Drawings on account and distributions of profit

-

(166,514

)

(166,514

)

Amount due to members

16,565

Amount due from members

-

Balance at 31 March 2026

-

16,565

16,565

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

-

Amount due from members

-

Balance at 1 April 2024

-

-

-

Profit for the financial year available for discretionary division among members

115,306

-

115,306

Members' interests after profit for the year

115,306

-

115,306

Other divisions of profit

(115,306

)

115,306

-

Introduced by members

-

11,942

11,942

Drawings on account and distributions of profit

-

(109,228

)

(109,228

)

Amount due to members

18,020

Amount due from members

-

Balance at 31 March 2025

-

18,020

18,020

1.	STATUTORY INFORMATION

Chambers Wealth 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the

revaluation of freehold properties and to include investment properties and certain financial instruments at fair

value. The principal accounting policies adopted are set out below.

Significant judgements and estimates

In the application of the LLP's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There were no judgment or material estimation uncertainties affecting the reported financial performance in the current or prior year.

Going concern

The members have a reasonable expectation that the partnership has adequate resources to continue in operational existence for the foreseeable future and are satisfied that the partnership can continue to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is made up from commission income and renewal fees from financial product providers.

Renewals fees are valued at a set rate depending on the product. They are recognised in line with the anniversary of the product delivery.

Commission income is valued based on the plan value and is recognised once a financial product has been set up for the client.

Commissions and renewals received after the Balance Sheet date relating to products delivered or renewals

anniversaries before the year end are accrued in 'Accrued Income' on the Balance Sheet.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members'

remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2025 - NIL ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

697

215

5.	INFORMATION IN RELATION TO MEMBERS

2026

2025

The average number of members during the year was

2

3

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

646

Additions

1,444

At 31 March 2026

2,090

DEPRECIATION

At 1 April 2025

215

Charge for year

697

At 31 March 2026

912

NET BOOK VALUE

At 31 March 2026

1,178

At 31 March 2025

431

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

17,584

Other debtors

20,186

-

20,186

17,584

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up any amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,559

-

Other creditors

6,047

-

7,606

-

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.