Ben Hoare Bell LLP - LLP accounts 24.3

REGISTERED NUMBER: OC314642 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Ben Hoare Bell LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R K Hardy

A Kelly

REGISTERED OFFICE:

19 John Street

Sunderland

Tyne & Wear

SR1 1JG

REGISTERED NUMBER:

OC314642 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

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 the provision of legal services.

DESIGNATED MEMBERS

The designated members during the year under review were:

R K Hardy

A Kelly

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £236,363 (2025 - £759,281 profit).

MEMBERS' INTERESTS

The LLPs policy regarding the repayment of capital to members is to retain sufficient funds so that bank borrowing to support working capital is minimised.

The members drawings policy is to agree annually a monthly withdrawal amount.

SMALL LLP PROVISIONS

This report has been prepared in accordance with the provisions available to LLPs entitled to the small LLPs exemption.

ON BEHALF OF THE MEMBERS:

R K Hardy - Designated member

13 August 2026

TURNOVER

2,570,690

2,967,720

Administrative expenses

2,366,237

2,240,266

204,453

727,454

Other operating income

5,400

OPERATING PROFIT

4

209,853

732,854

Interest receivable and similar income

26,629

28,064

236,482

760,918

Interest payable and similar expenses

119

1,637

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

236,363

759,281

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

6,510

6,070

6,510

6,070

CURRENT ASSETS

Debtors

8

1,386,155

1,094,316

Cash at bank and in hand

1,131,983

1,212,665

2,518,138

2,306,981

CREDITORS

Amounts falling due within one year

9

1,246,281

571,801

NET CURRENT ASSETS

1,271,857

1,735,180

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,367

1,741,250

CREDITORS

Amounts falling due after more than one
year

10

446,241

734,751

NET ASSETS ATTRIBUTABLE TO
MEMBERS

832,126

1,006,499

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

832,126

1,006,499

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

832,126

1,006,499

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 13 August 2026 and were signed by:

R K Hardy - Designated member

A Kelly - Designated member

1.	STATUTORY INFORMATION

Ben Hoare Bell 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the members consider appropriate.

Turnover

Turnover represents amounts due in respect of legal services provided during the year, net of Value Added Tax.

Services provided to clients during the year which, at the balance sheet date, have not been invoiced to clients have been recognised as turnover in accordance with the FRS102. Turnover recognised in th is manner is based on an assessment of the fair value of services provided by the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the LLP.

Goodwill

Goodwill is fully amortised.

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

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

Short leasehold

-

10% on cost

Long leasehold

-

10% on cost

Improvements to Property

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% Straight line

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

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.

Tax provisions

Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax nor deferred tax arising in respect of the LLP's profit is included in these financial statements.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

Depreciation - owned assets

3,811

3,488

5.	INFORMATION IN RELATION TO MEMBERS

2026

2025

£

The amount of profit attributable to the member with the largest entitlement was

118,182

253,094

2026

2025

The average number of members during the year was

2

3

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

73,912

AMORTISATION

At 1 April 2025

and 31 March 2026

73,912

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

7.	TANGIBLE FIXED ASSETS

Improvements

Short

Long

to

leasehold

Property

£

COST

At 1 April 2025

1,456

14,747

59,917

Additions

-

Disposals

-

At 31 March 2026

1,456

14,747

59,917

DEPRECIATION

At 1 April 2025

1,456

14,747

59,917

Charge for year

-

Eliminated on disposal

-

At 31 March 2026

1,456

14,747

59,917

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

308,175

247,304

631,599

Additions

-

4,251

Disposals

-

(91,386

)

(91,386

)

At 31 March 2026

308,175

160,169

544,464

DEPRECIATION

At 1 April 2025

308,175

241,234

625,529

Charge for year

-

3,811

Eliminated on disposal

-

(91,386

)

(91,386

)

At 31 March 2026

308,175

153,659

537,954

NET BOOK VALUE

At 31 March 2026

-

6,510

At 31 March 2025

-

6,070

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

463,942

405,494

Debtors due under contracts

830,647

625,474

Taxation due

21,032

-

Prepayments

70,534

63,348

1,386,155

1,094,316

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation due

-

221,652

Social security and other taxes

248,824

137,904

Other creditors

803,178

26,191

Former members loan accounts

170,547

159,237

Accrued expenses

23,732

26,817

1,246,281

571,801

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Former members loan accounts

446,241

734,751

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Included within creditors are amounts of £616,788 (2025: £893,988) due to former members of the LLP.

Terms and Interest: The loans are unsecured, interest is paid at a rate equivalent to the Bank of England base rate and the loans are repayable in equal annual instalments over 5 years.

Movements: During the year, £308,158 was repaid to the former members, and £Nil was written off or waived.

Ranking on Winding Up: In the event of a winding up of the LLP, the loans rank pari passu with other unsecured creditors.