Severn Physiotherapy LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC439778

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		598		-

			598		-
CURRENT ASSETS
Debtors	5	29,644		26,882
Cash at bank and in hand		3,526		6,885

		33,170		33,767
Creditors: Amounts Falling Due Within One Year	6	(1,601 )		(1,600 )

NET CURRENT ASSETS (LIABILITIES)			31,569		32,167

TOTAL ASSETS LESS CURRENT LIABILITIES			32,167		32,167

NET ASSETS ATTRIBUTABLE TO MEMBERS			32,167		32,167

REPRESENTED BY:
Equity
Members' other interests
Other reserves		32,167		32,167

			32,167		32,167

TOTAL MEMBERS' INTEREST
Amounts due from members			(26,684)		(25,992)
Members' other interests			32,167		32,167

			5,483		6,175

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Severn Physiotherapy LLP

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Ms Skye Ramell

Designated Member

26/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Severn Physiotherapy LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439778 . The Registered Office is 28 St Marys Road, Portishead , Bristol , BS20 6QW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

4 years

2.4. Division of Profits

Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

2.5. Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

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Severn Physiotherapy LLP

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.7 Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.8 Members' capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

3. Average Number of Employees

0Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2024	-
Additions	657

As at 30 November 2025	657

Depreciation
As at 1 December 2024	-
Provided during the period	59

As at 30 November 2025	59

Net Book Value
As at 30 November 2025	598

As at 1 December 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,960	890
Other debtors	26,684	25,992

	29,644	26,882

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Severn Physiotherapy LLP

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Other creditors	1,600	1,600

	1,601	1,600

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