REGISTERED NUMBER: OC325043 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FMS SEVENOAKS LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S R Billing

T H Rider

REGISTERED OFFICE:

Second Floor

87-93 High Street

SEVENOAKS

Kent

TN13 1LE

REGISTERED NUMBER:

OC325043 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Property, plant and equipment

4

137,665

150,162

CURRENT ASSETS

Debtors

5

62,592

59,567

Investments

6

407,628

391,117

Cash at bank and in hand

192,760

131,869

662,980

582,553

CREDITORS

Amounts falling due within one year

7

(47,177

)

(19,718

)

NET CURRENT ASSETS

615,803

562,835

TOTAL ASSETS LESS CURRENT LIABILITIES

753,468

712,997

CREDITORS

Amounts falling due after more than one year

8

(31,812

)

(75,614

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

721,656

637,383

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

571,656

487,383

MEMBERS' OTHER INTERESTS

Capital accounts

150,000

150,000

721,656

637,383

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

571,656

487,383

Members' other interests

150,000

150,000

721,656

637,383

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 December 2025.

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 31 July 2026 and were signed by:

S R Billing - Designated member

1.	STATUTORY INFORMATION

FMS Sevenoaks 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

The turnover shown in the profit and loss account represents commission income and advisor charges received and amounts invoiced during the year, excluding value added tax, together with amounts shown on insurance company statements notified as owing to the partnership in respect of commission income and adviser charges due as at the year end date.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.

Finance lease agreements

Where the LLP enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases net of finance charges, are included within creditors. Rentals payable are apportioned between the financial element, which is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding, and the capital element which reduces the outstanding obligation for future instalments.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

vehicles

£

COST

At 1 January 2025

221,822

Additions

42,490

Disposals

(20,000

)

At 31 December 2025

244,312

DEPRECIATION

At 1 January 2025

71,660

Charge for year

39,987

Eliminated on disposal

(5,000

)

At 31 December 2025

106,647

NET BOOK VALUE

At 31 December 2025

137,665

At 31 December 2024

150,162

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

127,823

DEPRECIATION

At 1 January 2025

46,566

Charge for year

20,314

At 31 December 2025

66,880

NET BOOK VALUE

At 31 December 2025

60,943

At 31 December 2024

81,257

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,826

31,703

Other debtors

23,766

27,864

62,592

59,567

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Money market investment

407,628

391,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

43,801

15,441

Trade creditors

1,074

2,481

Social security and other taxes

718

212

Accrued expenses

1,584

1,584

47,177

19,718

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

31,812

75,614

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

75,613

91,055

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

11.	RELATED PARTY DISCLOSURES

For the year under review, the LLP was controlled by its members.