Two Brothers Locksmiths LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC443625

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,226		32,301

			24,226		32,301
CURRENT ASSETS
Debtors	5	3,170		8,075
Cash at bank and in hand		340,064		159,351

		343,234		167,426
Creditors: Amounts Falling Due Within One Year	6	(7,681 )		(14,139 )

NET CURRENT ASSETS (LIABILITIES)			335,553		153,287

TOTAL ASSETS LESS CURRENT LIABILITIES			359,779		185,588

NET ASSETS ATTRIBUTABLE TO MEMBERS			359,779		185,588

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		373,644		185,469

			373,644		185,469

Equity
Members' other interests
Members' capital		(13,865)		119

			(13,865)		119

			359,779		185,588

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			373,644		185,469
Members' other interests			(13,865)		119

			359,779		185,588

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Page 2

Two Brothers Locksmiths LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

Mr Geoffrey Ellis

Designated Member

12th September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Two Brothers Locksmiths LLP is a limited liability partnership, incorporated in England & Wales, registered number OC443625 . The Registered Office is Bruce Allen Llp Ground Floor Suite Crown House, 40 North Street, Hornchurch, RM11 1EW.

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	25% per annum reducing balance
Motor Vehicles	25% per annum reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	2,178	41,781	43,959

As at 31 March 2026	2,178	41,781	43,959

Depreciation
As at 1 April 2025	1,212	10,446	11,658
Provided during the period	241	7,834	8,075

As at 31 March 2026	1,453	18,280	19,733

Net Book Value
As at 31 March 2026	725	23,501	24,226

As at 1 April 2025	966	31,335	32,301

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Two Brothers Locksmiths LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,170	1,993
VAT	-	6,082

	3,170	8,075

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	12,459
VAT	5,956	-
Accruals and deferred income	1,725	1,680

	7,681	14,139

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