Roger Parry and Partners LLP - LLP accounts 24.3

REGISTERED NUMBER: OC312203 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ROGER PARRY AND PARTNERS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

Gerallt Davies Limited

Paul Middleton Limited

Richard Corbett Limited

Roger Parry Limited

Tudor Watkins Limited

REGISTERED OFFICE:

Mercian House 9 & 10 Darwin Court

Oxon Business Park

Shrewsbury

Shropshire

SY3 5AL

REGISTERED NUMBER:

OC312203 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of chartered Surveyors, land and estate agents.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DESIGNATED MEMBERS

The designated members during the year under review were:

Gerallt Davies Limited

Paul Middleton Limited

Richard Corbett Limited

Roger Parry Limited

Tudor Watkins Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £749,775 (2025 - £749,166 profit).

MEMBERS' INTERESTS

Members are paid a monthly profit share; any amounts over and above this would not be paid out in preference to the cash requirements of the business.

ON BEHALF OF THE MEMBERS:

Roger Parry Limited - Designated member

28 August 2026

TURNOVER

2,568,816

2,242,909

Cost of sales

(249,431

)

(281,016

)

GROSS PROFIT

2,319,385

1,961,893

Administrative expenses

(1,580,799

)

(1,219,354

)

738,586

742,539

Other operating income

11,300

6,600

OPERATING PROFIT

5

749,886

749,139

Interest receivable and similar income

88

475

749,974

749,614

Interest payable and similar expenses

(199

)

(448

)

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

749,775

749,166

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

749,775

749,166

Members' remuneration charged as an
expense

6

(250,000

)

(250,000

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

499,775

499,166

FIXED ASSETS

Intangible assets

7

-

15,000

Tangible assets

8

47,125

27,001

47,125

42,001

CURRENT ASSETS

Debtors

9

709,137

532,162

Cash at bank

489,320

365,310

1,198,457

897,472

CREDITORS

Amounts falling due within one year

10

734,509

412,666

NET CURRENT ASSETS

463,948

484,806

TOTAL ASSETS LESS CURRENT
LIABILITIES

511,073

526,807

CREDITORS

Amounts falling due after more than one
year

11

-

2,500

NET ASSETS ATTRIBUTABLE TO
MEMBERS

511,073

524,307

LOANS AND OTHER DEBTS DUE TO
MEMBERS

14

511,073

524,307

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

14

511,073

524,307

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 March 2026.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 28 August 2026 and were signed by:

Roger Parry Limited - Designated member

Richard Corbett Limited - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

£

Amount due to members

524,307

-

524,307

Amount due from members

-

Balance at 1 April 2025

-

524,307

-

524,307

Members' remuneration charged as
an expense, including employment
and retirement benefit costs

-

250,000

Profit for the financial year
available for discretionary division
among members

499,775

-

499,775

Members' interests after profit for
the year

499,775

524,307

250,000

774,307

1,274,082

Other divisions of profit

(499,775

)

-

499,775

-

Introduced by members

-

250,000

Drawings on account and
distributions of profit

-

(1,013,009

)

(1,013,009

)

(1,013,009

)

Reclassifications

-

(13,234

)

13,234

-

Amount due to members

511,073

-

511,073

Amount due from members

-

Balance at 31 March 2026

-

511,073

-

511,073

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

£

Amount due to members

517,841

-

517,841

Amount due from members

-

Balance at 1 April 2024

-

517,841

-

517,841

Members' remuneration charged as
an expense, including employment
and retirement benefit costs

-

250,000

Profit for the financial year
available for discretionary division
among members

499,166

-

499,166

Members' interests after profit for
the year

499,166

517,841

250,000

767,841

1,267,007

Other divisions of profit

(499,166

)

-

499,166

-

Introduced by members

-

786,987

Drawings on account and
distributions of profit

-

(992,701

)

(992,701

)

(992,701

)

Reclassifications

-

6,466

(543,452

)

(536,986

)

(536,986

)

Amount due to members

524,307

-

524,307

Amount due from members

-

Balance at 31 March 2025

-

524,307

-

524,307

1.	STATUTORY INFORMATION

Roger Parry and Partners 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling (£), rounded to the nearest £1.

These financial statements are for the individual entity only.

Turnover

Turnover represents net invoiced sales of services and accrued income in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the assets and the costs attributable to bringing the assets to its working condition for its working use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost

Fixtures and fittings - 15% on reducing balance

Computer equipment - 33% on cost

Financial instruments

The LLP only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other trade creditors are initially recognised at transaction price

and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Members' interests

Members' capital accounts are classified as liabilities in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

Members' remuneration

Members' remuneration is regarded as an expense in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships, rather than as an allocation of profits.

Amounts recoverable on contract

Contracts for services have been accounted for as long term contracts where contract activity falls into different accounting periods, in accordance with provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The amount recorded as turnover is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 33 (2025 - 29 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

Depreciation - owned assets

14,571

9,509

Goodwill amortisation

15,000

Rental payments in respect of operating leases

66,483

49,500

6.	INFORMATION IN RELATION TO MEMBERS

31.3.26

31.3.25

£

Members' remuneration charged as an expense

Other payments

250,000

7.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

150,000

AMORTISATION

At 1 April 2025

135,000

Charge for year

15,000

At 31 March 2026

150,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

15,000

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 April 2025

21,482

26,294

50,255

98,031

Additions

19,302

1,275

14,118

34,695

At 31 March 2026

40,784

27,569

64,373

132,726

DEPRECIATION

At 1 April 2025

12,730

14,505

43,795

71,030

Charge for year

3,156

1,960

9,455

14,571

At 31 March 2026

15,886

16,465

53,250

85,601

NET BOOK VALUE

At 31 March 2026

24,898

11,104

11,123

47,125

At 31 March 2025

8,752

11,789

6,460

27,001

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

307,358

302,951

Amounts recoverable on contract

255,296

207,417

Prepayments

146,483

21,794

709,137

532,162

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

178,394

10,000

Trade creditors

99,142

66,390

Social security and other taxes

26,459

13,433

VAT

92,982

61,060

Other creditors

12,671

6,081

Client ledger balances

324,861

255,702

734,509

412,666

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

-

2,500

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

Within one year

66,483

Between one and five years

243,667

245,333

In more than five years

31,667

-

341,817

311,816

13.	SECURED DEBTS

The designated members have provided a personal guarantee of £148,500 on the bank overdraft.

There are fixed and floating charges over the assets of the company in respect of the bank loans.

14.

LOANS AND OTHER DEBTS DUE TO MEMBERS

It is the policy of the members not to draw profits in preference of other creditors. There is no protection afforded to creditors.

15.	POST BALANCE SHEET EVENTS

The LLP purchased the goodwill of a competitor business on 1st April 2026. The loan which was received prior to the balance sheet date related to the purchase of this business.

Following the financial year end, the LLP entered into additional borrowing arrangements. These borrowings are supported by personal guarantees provided by the designated members of the LLP.