REGISTERED NUMBER: OC341346 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

GALLOWAY HUGHES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

K J Galloway Hale

K J Hughes

REGISTERED OFFICE:

Aissela

46 High Street

Esher

Surrey

KT10 9QY

REGISTERED NUMBER:

OC341346 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

16,270

22,322

CURRENT ASSETS

Debtors

5

349,897

416,080

Cash at bank and in hand

151,008

341,707

500,905

757,787

CREDITORS

Amounts falling due within one year

6

233,993

288,826

NET CURRENT ASSETS

266,912

468,961

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

283,182

491,283

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

283,182

491,283

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

283,182

491,283

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 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 25 August 2026 and were signed by:

K J Galloway Hale - Designated member

K J Hughes - Designated member

1.	STATUTORY INFORMATION

Galloway Hughes 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 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 represents net amounts chargeable to clients for professional services, excluding Value Added Tax.

Turnover is recognised when a right to consideration has been obtained through performance under each contract.

Consideration accrues as contract activity progresses, by reference to the value of the work performed.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

Pension costs and other post-retirement benefits

The LLP operates a defined contributions pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

163,259

Additions

1,371

At 31 March 2026

164,630

DEPRECIATION

At 1 April 2025

140,937

Charge for year

7,423

At 31 March 2026

148,360

NET BOOK VALUE

At 31 March 2026

16,270

At 31 March 2025

22,322

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

171,178

178,836

Other debtors

178,719

237,244

349,897

416,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

93,765

82,500

Trade creditors

4,562

62,224

Taxation and social security

102,783

116,510

Other creditors

32,883

27,592

233,993

288,826

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

112,262

149,639

Between one and five years

-

112,262

112,262

261,901

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors.