Chancellers LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC379490

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		376,387		396,377
Tangible Assets	5		86,690		44,814

			463,077		441,191
CURRENT ASSETS
Debtors	6	70,742		52,576
Cash at bank and in hand		45,431		16,315

		116,173		68,891
Creditors: Amounts Falling Due Within One Year	7	(87,791 )		(83,954 )

NET CURRENT ASSETS (LIABILITIES)			28,382		(15,063 )

TOTAL ASSETS LESS CURRENT LIABILITIES			491,459		426,128

Creditors: Amounts Falling Due After More Than One Year	8		(41,752 )		(1,132 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			449,707		424,996

REPRESENTED BY:
Loans and other debts due to members
Other amounts		449,707		424,996

			449,707		424,996

			449,707		424,996

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			449,707		424,996

			449,707		424,996

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Chancellers LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr R A Owen Designated Member	Mr N K Sarna Designated Member
19th October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Chancellers LLP is a limited liability partnership, incorporated in England & Wales, registered number OC379490 . The Registered Office is 64 Wilbury Way, Hitchin, Herts, SG4 0TP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013 is being amortised evenly over it's estimated useful life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	0%
Motor Vehicles	25% on reducing value
Computer Equipment	25% on reducing value

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods.

The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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 as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was 9 (2025: 9)

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Chancellers LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	734,390

As at 31 March 2026	734,390

Amortisation
As at 1 April 2025	338,013
Provided during the period	19,990

As at 31 March 2026	358,003

Net Book Value
As at 31 March 2026	376,387

As at 1 April 2025	396,377

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	5,085	84,823	41,099	131,007
Additions	-	51,595	3,256	54,851

As at 31 March 2026	5,085	136,418	44,355	185,858

Depreciation
As at 1 April 2025	-	52,376	33,817	86,193
Provided during the period	-	11,022	1,953	12,975

As at 31 March 2026	-	63,398	35,770	99,168

Net Book Value
As at 31 March 2026	5,085	73,020	8,585	86,690

As at 1 April 2025	5,085	32,447	7,282	44,814

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Chancellers LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	70,742	52,576

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	9,771	8,982
Trade creditors	37,877	31,870
Taxation and social security	40,143	43,102

	87,791	83,954

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	41,752	1,132

9. Secured Creditors

The designated members have provided personal guarantees to Barclays Bank Plc in respect of the Partnership's banking facilities.

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	51,523		10,114

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