BPH Wealth Management LLP - Filleted accounts

Registered number

OC332832

BPH Wealth Management LLP

Filleted Accounts

30 April 2026

BPH Wealth Management LLP
Registered number:		OC332832
Balance Sheet
as at 30 April 2026
Notes		2026		2025
£			£
Fixed assets
Tangible assets	3	84,070		105,154
Current assets
Debtors	4	243,020		15,534
Cash at bank and in hand		353,264		406,249
		596,284		421,783

Creditors: amounts falling due within one year	5	(336,642)		(143,451)

Net current assets		259,642		278,332

Total assets less current liabilities		343,712		383,486



Net assets attributable to members		343,712		383,486

Represented by:
Loans and other debts due to members	6	185,397		225,171

Members' other interests
Members' capital classified as equity		50,000		50,000
Other reserves		108,315		108,315
		158,315		158,315

		343,712		383,486

Total members' interests
Loans and other debts due to members	6	185,397		225,171
Members' other interests		158,315		158,315

		343,712		383,486

For the period ended 30 April 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 20 June 2026 and signed on their behalf by:


Mr M A Freedman
Designated member

BPH Wealth Management LLP
Notes to the Accounts
for the period from 1 July 2025 to 30 April 2026

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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.

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, motor vehicles and equipment	over 5 years

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the LLP		20		20


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 July 2025				370,283
	Additions				7,112
	Disposals				(253,678)
	At 30 April 2026				123,717

	Depreciation
	At 1 July 2025				265,129
	Charge for the period				27,453
	On disposals				(252,935)
	At 30 April 2026				39,647

	Net book value
	At 30 April 2026				84,070
	At 30 June 2025				105,154


4	Debtors		2026		2025
£				£

	Trade debtors and prepayments		243,020		-
	Other debtors		-		15,534
			243,020		15,534


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Obligations under finance lease and hire purchase contracts		53,134		61,184
	Trade creditors		135,228		82,267
	Other taxes and social security costs		47,832		-
	Other creditors - pension and wages		100,448		-
			336,642		143,451


6	Loans and other debts due to members		2026		2025
£				£

	Loans from members		-		83,419
	Amounts due to members in respect of profits		185,397		141,752
			185,397		225,171

	Amounts falling due within one year		185,397		225,171

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


7	Other information

	BPH Wealth Management LLP is a limited liability partnership incorporated in England. Its registered office is:
	Oddstones House
	Thompsons Close
	Harpenden
	Herts
	AL5 4ES