JRW HOGG & THORBURN LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A W Wayness

K D Crowford

Mrs V F Hogg

A J Biggar

K D Ferguson

K J Adamson

D K Clarkson

Miss J Gibson

C F Hansen

REGISTERED OFFICE:

19 Buccleuch Street

Hawick

Roxburghshire

TD9 0HL

REGISTERED NUMBER:

SO307858 (Scotland)

FIXED ASSETS

Tangible assets

4

44,769

48,356

CURRENT ASSETS

Debtors

5

1,596,786

1,189,823

Cash at bank and in hand

118,590

272,495

1,715,376

1,462,318

CREDITORS

Amounts falling due within one year

6

413,997

360,652

NET CURRENT ASSETS

1,301,379

1,101,666

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,346,148

1,150,022

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,346,148

1,150,022

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,346,148

1,150,022

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 2nd October 2026 and were signed by:

Mrs V F Hogg - Designated member

A W Wayness - Designated member

1.	STATUTORY INFORMATION

JRW Hogg & Thorburn LLP is registered in Scotland. 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 LLP trades as an Accountancy practice providing a range of accountancy, audit and taxation services. Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. Turnover is recognised in the accounting period in which the services are rendered when the outcome of the contract can be measured reliably. Unbilled turnover is included in debtors as amounts recoverable on contracts and measured at fair value less provisions for foreseeable losses..

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.

At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income and Expenditure Account.

Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.

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 remuneration

Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement. There are no unallocated profits or losses.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 55 (2025 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

6,320

2,364

65,946

74,630

Additions

-

-

18,956

18,956

At 31st March 2026

6,320

2,364

84,902

93,586

DEPRECIATION

At 1st April 2025

1,580

591

24,103

26,274

Charge for year

1,580

591

20,372

22,543

At 31st March 2026

3,160

1,182

44,475

48,817

NET BOOK VALUE

At 31st March 2026

3,160

1,182

40,427

44,769

At 31st March 2025

4,740

1,773

41,843

48,356

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,096,984

712,564

Amounts recoverable on contract

420,251

387,388

Other debtors

79,551

89,871

1,596,786

1,189,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

25,158

37,435

Taxation and social security

310,753

222,355

Other creditors

78,086

100,862

413,997

360,652

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

1,346,148

1,150,022

Falling due within one year

1,346,148

1,150,022

Loans and other debts due to members would rank after creditors, in accordance with the members' agreement.

8.	RELATED PARTY DISCLOSURES

During the year, the LLP rented properties from JRW Investments Limited, a company that Kevin Crowford, Alister Biggar and Kevin Ferguson are shareholders in; and from a partnership of Andrew Wayness, Vivien Hogg and Kenneth Adamson. The rental amounts were £60,000 and £19,538 respectively (2025, £60,000 and £21,000).