REGISTERED NUMBER: OC325172 (England and Wales)

Financial Statements for the Year Ended 31st March 2026

for

Parkinson Wright LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C E Arridge

D Godwin

Mrs J R Newton

R L Preece

J F Redfern

Mrs F Woods

Mrs F Green

REGISTERED OFFICE:

Haswell House

St Nicholas Street

Worcester

Worcestershire

WR1 1UN

REGISTERED NUMBER:

OC325172 (England and Wales)

FIXED ASSETS

Tangible assets

4

174,800

70,795

CURRENT ASSETS

Stocks

401,846

392,211

Debtors

5

1,126,272

1,116,938

Cash at bank

300,145

606,398

1,828,263

2,115,547

CREDITORS

Amounts falling due within one year

6

1,367,773

1,435,022

NET CURRENT ASSETS

460,490

680,525

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

635,290

751,320

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

565,290

681,320

MEMBERS' OTHER INTERESTS

Capital accounts

70,000

70,000

635,290

751,320

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

565,290

681,320

Members' other interests

70,000

70,000

635,290

751,320

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 31st 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 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 20th August 2026 and were signed by:

C E Arridge - Designated member

1.	STATUTORY INFORMATION

Parkinson Wright 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life

Computers

- 25% on a straight line basis

Leasehold Property

- 5% on a straight line basis

Office Equipment

- 20% on a straight line basis

Office Furniture

- 10% on a straight line basis

WORK IN PROGRESS

Work in progress is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 11 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1st April 2025

169,159

465,821

634,980

Additions

8,051

154,952

163,003

At 31st March 2026

177,210

620,773

797,983

DEPRECIATION

At 1st April 2025

161,108

403,077

564,185

Charge for year

3,928

55,070

58,998

At 31st March 2026

165,036

458,147

623,183

NET BOOK VALUE

At 31st March 2026

12,174

162,626

174,800

At 31st March 2025

8,051

62,744

70,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

821,338

709,972

Other debtors

6,521

250

Prepayments

298,413

406,716

1,126,272

1,116,938

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

271,465

53,030

Trade creditors

167,852

151,739

Amounts owed to participating interests

278,618

375,343

Social security and other taxes

179,615

562,232

Accrued expenses

470,223

292,678

1,367,773

1,435,022

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) ranks equally with other creditors.

8.	RELATED PARTY DISCLOSURES

The designated members are also directors and shareholders of Parkinson Wright Limited. Parkinson Wright Limited provides legal staff to Parkinson Wright LLP for which it charges a management charge in addition to the costs of the legal staff provided.

During the year the total charged by Parkinson Wright Limited was £3,187,875 (2025: £3,230,349). At the year end the amount owing to the company by Parkinson Wright LLP was £278,618 (2025: £331,190).

9.	ULTIMATE CONTROLLING PARTY

THe LLP is controlled by the designated members,