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REGISTERED NUMBER: 06804325 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

3PS PARTNERS LTD

3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3PS PARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: J H M Fairbairn





REGISTERED OFFICE: 48 Chevening Road
London
NW6 6DE





REGISTERED NUMBER: 06804325 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 1,788 1,788
1,788 1,788

CURRENT ASSETS
Debtors 7 26 29,765
Cash at bank and in hand 239 4,604
265 34,369
CREDITORS
Amounts falling due within one year 8 43,821 62,328
NET CURRENT LIABILITIES (43,556 ) (27,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,768

)

(26,171

)

CREDITORS
Amounts falling due after more than one
year

9

120,932

144,898
NET LIABILITIES (162,700 ) (171,069 )

CAPITAL AND RESERVES
Called up share capital 10 141 141
Retained earnings (162,841 ) (171,210 )
SHAREHOLDERS' FUNDS (162,700 ) (171,069 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





J H M Fairbairn - Director


3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

3PS Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company has net liabilities of £162,700. This includes liabilities of £120,932 due after one year. The company owes £22,964 due to group undertakings. The accounts have been prepared on the going concern basis because both long term creditors and the group undertakings have agreed to continue to support the company for a period of not less that 12 months from signature of the accounts.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2021 2,428
Disposals (1,929 )
At 31 December 2021 499
DEPRECIATION
At 1 January 2021 2,428
Eliminated on disposal (1,929 )
At 31 December 2021 499
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2021
and 31 December 2021 1,788
NET BOOK VALUE
At 31 December 2021 1,788
At 31 December 2020 1,788

The company owns 50% ordinary shares in 3PS Media Pty Ltd incorporated in India.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 29,765
VAT 26 -
26 29,765

3PS PARTNERS LTD (REGISTERED NUMBER: 06804325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 276 2,731
Amounts owed to group undertakings 22,964 23,421
Social security and other taxes 16,971 21,225
VAT - 11,386
Accrued expenses 3,610 3,565
43,821 62,328

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 120,932 144,898

The loans are unsecured, interest free and have no immediate payment terms.

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
94 Ordinary A 1 94 94
47 Ordinary B 1 47 47
141 141

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £120,932 (2020: £144,898) to its director. The loan is unsecured, interest free and has no immediate payment terms.