Company No: OC318659 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

DESIGNATED MEMBERS	L W Barr
	B J Cobb
	K C Edwards
	M I Fretten
	C L Hallett
	J J Hammersley
	M E Hayter
	M L Kemp
	O B Mckinney (Resigned 30 June 2026)
	M J Petersen
	L Young

REGISTERED OFFICE	The Saxon Centre
	11 Bargates
	Christchurch
	BH23 1PZ
	United Kingdom

REGISTERED NUMBER

OC318659 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Towngate House
	2-8 Parkstone Road
	Poole
	Dorset BH15 2PW

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	150,602		94,500
Tangible assets	4	84,838		55,564
		235,440		150,064
Current assets
Debtors	5	2,547,932		2,455,695
Cash at bank and in hand		1,234,483		913,400
		3,782,415		3,369,095
Creditors: amounts falling due within one year	6	( 1,245,720)		( 1,430,267)
Net current assets		2,536,695		1,938,828
Total assets less current liabilities		2,772,135		2,088,892
Creditors: amounts falling due after more than one year	7	( 225,000)		0
Net assets attributable to members		2,547,135		2,088,892
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		723,754		716,254
Other amounts		1,823,381		1,372,638
		2,547,135		2,088,892
Total members' interests
Loans and other debts due to members		2,547,135		2,088,892
		2,547,135		2,088,892

For the financial year ending 30 June 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Frettens LLP (registered number: OC318659) were approved and authorised for issue by the members on 23 October 2026. They were signed on its behalf by:

M I Fretten Designated member

	DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£
Amounts due to members	608,751	2,198,541	2,807,292
Balance at 01 July 2024	608,751	2,198,541	2,807,292	2,807,292
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	2,500,309	2,500,309	2,500,309
Members' interest after result for the financial year	608,751	4,698,850	5,307,601	5,307,601
Introduced by members	100,003	0	100,003	100,003
Drawings	0	(3,318,712)	(3,318,712)	(3,318,712)
Transfers	7,500	(7,500)	0	0
Amounts due to members	716,254	1,372,638	2,088,892
Balance at 30 June 2025	716,254	1,372,638	2,088,892	2,088,892
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	2,915,428	2,915,428	2,915,428
Members' interest after result for the financial year	716,254	4,288,066	5,004,320	5,004,320
Drawings	0	(2,457,185)	(2,457,185)	(2,457,185)
Transfers	7,500	(7,500)	0	0
Amounts due to members	723,754	1,823,381	2,547,135
Balance at 30 June 2026	723,754	1,823,381	2,547,135	2,547,135

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frettens LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is The Saxon Centre, 11 Bargates, Christchurch, BH23 1PZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

Turnover

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations, For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in amounts recoverable on contracts.

Fee income that is contingent on events outside the control of the firm is recognised in revenue when it is considered likely that the contingent event has or is likely to occur in the foreseeable future.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	20 years straight line
Computer software	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Fixtures and fittings	15 % reducing balance
Office equipment	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Members' participation rights

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	108		95

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 July 2025	300,816		0		300,816
Additions	0		68,702		68,702
At 30 June 2026	300,816		68,702		369,518
Accumulated amortisation
At 01 July 2025	206,316		0		206,316
Charge for the financial year	12,600		0		12,600
At 30 June 2026	218,916		0		218,916
Net book value
At 30 June 2026	81,900		68,702		150,602
At 30 June 2025	94,500		0		94,500

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 July 2025	30,508		439,736		35,145		4,505		509,894
Additions	0		24,661		0		18,607		43,268
At 30 June 2026	30,508		464,397		35,145		23,112		553,162
Accumulated depreciation
At 01 July 2025	30,508		384,172		35,145		4,505		454,330
Charge for the financial year	0		10,977		0		3,017		13,994
At 30 June 2026	30,508		395,149		35,145		7,522		468,324
Net book value
At 30 June 2026	0		69,248		0		15,590		84,838
At 30 June 2025	0		55,564		0		0		55,564

5. Debtors

	2026		2025
	£		£
Trade debtors	869,986		949,578
Other debtors	1,677,946		1,506,117
	2,547,932		2,455,695

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	228,931		320,509
Other taxation and social security	537,011		454,648
Other creditors	479,778		655,110
	1,245,720		1,430,267

Capital loans and other debts due to members rank pari passu with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	225,000		0

The bank loan is secured by a fixed and floating charge over the undertaking and all property and assets.

8. Financial commitments

Commitments

Capital commitments are as follows:

	2026		2025
	£		£
Contracted for but not provided for:
Other	273,064		174,989