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REGISTERED NUMBER: OC318393 (England and Wales)












PETER R.T. HOLDEN & PARTNERS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER R.T. HOLDEN & PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: A G Johnston
M A Pate
M G Dodd
R J Biggadike
Ms S E Williams
S R Pyne
T P W Cosway





REGISTERED OFFICE: 4th Floor
The Piano Works
113 - 117 Farringdon Road
London
EC1R 3BX





REGISTERED NUMBER: OC318393 (England and Wales)

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 37,432 28,212

CURRENT ASSETS
Debtors 5 445,374 406,131
Cash at bank and in hand 669,565 947,358
1,114,939 1,353,489
CREDITORS
Amounts falling due within one year 6 (321,442 ) (695,004 )
NET CURRENT ASSETS 793,497 658,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,929

686,697

CREDITORS
Amounts falling due after more than one year 7 - (80,000 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

830,929

606,697

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

830,929

606,697

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 830,929 606,697
Amounts due from members 5 (7,224 ) (18,788 )
823,705 587,909

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

BALANCE SHEET - continued
31 MARCH 2023


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 2023.

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 21 September 2023 and were signed by:





T P W Cosway - Designated member

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Peter R.T. Holden & Partners 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 accounts are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the total value, excluding value added tax, of fees and commissions receivable during the year 31 March 2023 and derives from the provision of services falling within the LLP's ordinary activities.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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

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.

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the LLP becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the LLP transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the LLP's contractual obligations are discharged, cancelled, or they expire.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 33 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2022 111,543 255,727 367,270
Additions - 30,045 30,045
At 31 March 2023 111,543 285,772 397,315
DEPRECIATION
At 1 April 2022 109,223 229,835 339,058
Charge for year 2,320 18,505 20,825
At 31 March 2023 111,543 248,340 359,883
NET BOOK VALUE
At 31 March 2023 - 37,432 37,432
At 31 March 2022 2,320 25,892 28,212

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 286,276 248,933
Amounts due from members 7,224 18,788
Other debtors 3,639 21,919
Prepayments 148,235 116,491
445,374 406,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 80,000 320,000
Trade creditors 58,552 70,134
Taxation and social security 83,446 99,472
Other creditors 99,444 205,398
321,442 695,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 80,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 60,000 60,000
Between one and five years 13,800 73,800
73,800 133,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 80,000 400,000

PETER R.T. HOLDEN & PARTNERS LLP (REGISTERED NUMBER: OC318393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£ £
Amounts owed to members in respect of profits 230,928 131,600
Capital account 600,001 475,097
830,929 606,697

Falling due within one year 830,929 606,697

Upon dissolution of the LLP, amounts in loans and other debts due to members would be distributed after the discharge of all liabilities to third parties.