The Lockyer Partnership Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13916517

The Lockyer Partnership Limited

Filleted Unaudited Financial Statements

31 March 2026

The Lockyer Partnership Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 8

The Lockyer Partnership Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of The Lockyer Partnership Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Lockyer Partnership Limited for the year ended 31 March 2026, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of The Lockyer Partnership Limited, as a body, in accordance with the terms of our engagement letter dated 28 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Lockyer Partnership Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Lockyer Partnership Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Lockyer Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Lockyer Partnership Limited. You consider that The Lockyer Partnership Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of The Lockyer Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

29 July 2026

The Lockyer Partnership Limited

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	531,148	612,863
Tangible assets	6	–	2,682
		---------	---------
		531,148	615,545

Current assets

Debtors	7	75,919	107,060
Cash at bank and in hand		194,571	174,139
		---------	---------
		270,490	281,199

Creditors: amounts falling due within one year	8	129,259	303,515
		---------	---------
Net current assets/(liabilities)		141,231	( 22,316)
		---------	---------
Total assets less current liabilities		672,379	593,229

Creditors: amounts falling due after more than one year	9	276,070	106,018
		---------	---------
Net assets		396,309	487,211
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	396,209	487,111
	---------	---------
Shareholders funds	396,309	487,211
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Lockyer Partnership Limited

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr M. W. Lockyer	Mr. J. M. Lockyer
Director	Director

Company registration number: 13916517

The Lockyer Partnership Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

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 entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	817,150
	---------
Amortisation
At 1 April 2025	204,287
Charge for the year	81,715
	---------
At 31 March 2026	286,002
	---------
Carrying amount
At 31 March 2026	531,148
	---------
At 31 March 2025	612,863
	---------

6. Tangible assets

	Office Equipment
	£
Cost
At 1 April 2025 and 31 March 2026	10,727
	--------
Depreciation
At 1 April 2025	8,045
Charge for the year	2,682
	--------
At 31 March 2026	10,727
	--------
Carrying amount
At 31 March 2026	–
	--------
At 31 March 2025	2,682
	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	66,890	73,031
Other debtors	9,029	34,029
	--------	---------
	75,919	107,060
	--------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,092	2,373
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	170,050
Corporation tax	105,971	111,189
Social security and other taxes	2,135	1,669
Other creditors	18,061	18,234
	---------	---------
	129,259	303,515
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	276,070	106,018
	---------	---------

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2026	2025
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	268,461	254,170
	---------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	296,881	296,362
	---------	---------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2026	2025
	£	£
Mr M. W. Lockyer	( 7,612)	( 7,612)
Mr. J. M. Lockyer	( 2,388)	( 2,388)
	--------	--------
	( 10,000)	( 10,000)
	--------	--------

12. Related party transactions

During the year The Lockyer Partnership Limited paid £321,000 in dividends (2025 - £145,495) to its 100% parent company Lockyer Holdings Limited. During the previous years Lockyer Holdings Limited made a loan to The Lockyer Partnership Limited . At the year end the amount due was £276,070 (2025 - £276,068). During the previous years The Lockyer Partnership loaned monies to No. 8 Consultancy Limited, a company which the Director Mr M. Lockyer owns the entire share capital. At the year end the amount due was £6,400 (2025 - £6,400). The Lockyer Partnership invoiced £24,000 during the year for management charges (2025 - £33,000).

13. Controlling party

The company's ultimate parent company is Lockyer Holdings Limited, a company incorporated in England and Wales.