IRIS Accounts Production v23.3.0.418 OC362388 designated member designated member 6.4.22 5.4.23 5.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3623882022-04-05OC3623882023-04-05OC3623882022-04-062023-04-05OC3623882021-04-05OC3623882021-04-062022-04-05OC3623882022-04-05OC362388ns10:Originalns15:EnglandWales2022-04-062023-04-05OC362388ns14:PoundSterlingns10:Original2022-04-062023-04-05OC362388ns10:Originalns10:Director12022-04-062023-04-05OC362388ns10:Original2022-04-062023-04-05OC362388ns10:Originalns10:Director22022-04-062023-04-05OC362388ns10:Original2023-04-05OC362388ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-04-062023-04-05OC362388ns10:Originalns10:SmallEntities2022-04-062023-04-05OC362388ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-062023-04-05OC362388ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-062023-04-05OC362388ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-04-062023-04-05OC362388ns10:Originalns10:AbridgedAccounts2022-04-062023-04-05OC362388ns10:Originalns10:RegisteredOffice2022-04-062023-04-05OC362388ns10:Original2022-04-05OC362388ns10:Originalns5:CurrentFinancialInstruments2023-04-05OC362388ns10:Originalns5:CurrentFinancialInstruments2022-04-05OC362388ns10:Originalns5:PlantMachinery2022-04-062023-04-05OC362388ns10:Originalns5:FurnitureFittings2022-04-062023-04-05OC362388ns10:Originalns5:MotorVehicles2022-04-062023-04-05OC362388ns10:Originalns5:ComputerEquipment2022-04-062023-04-05OC362388ns10:Original2021-04-062022-04-05OC362388ns10:Original2022-04-05
REGISTERED NUMBER: OC362388 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2023

for

PET&R LLP

PET&R LLP (REGISTERED NUMBER: OC362388)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

PET&R LLP

General Information
for the Year Ended 5 April 2023







Designated members: P R Hammond
L E Hammond





Registered office: 6 Fen Moor Close
Hemlington
Middlesbrough
Cleveland
TS8 9RQ





Registered number: OC362388 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

PET&R LLP (REGISTERED NUMBER: OC362388)

Abridged Balance Sheet
5 April 2023

5/4/23 5/4/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 15,823 20,783

Current assets
Debtors 4,842 9,214
Cash at bank and in hand 20,271 52,438
25,113 61,652
Creditors
Amounts falling due within one year 4,561 9,011
Net current assets 20,552 52,641
Total assets less current liabilities
and
Net assets attributable to members 36,375 73,424

Loans and other debts due to members 6 36,375 73,424

Total members' interests
Loans and other debts due to members 6 36,375 73,424

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 5 April 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.

PET&R LLP (REGISTERED NUMBER: OC362388)

Abridged Balance Sheet - continued
5 April 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 5 April 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 17 November 2023 and were signed by:




P R Hammond - Designated member




L E Hammond - Designated member


PET&R LLP (REGISTERED NUMBER: OC362388)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

PET&R LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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


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 under the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Taxation
Taxation on partnership profits is solely the personal responsibility of individual members. Consequently neither taxation nor related deferred taxation arising in respect of the partnership is accounted for in these financial statements. All distributions made to members are made net of income tax; such amounts retained for members' tax liabilities are paid to HM Revenue and Customs by the partnership, on behalf of the individual members, when this tax falls due. These amounts retained for tax are treated in the financial statements in the same way as other profits of the partnership and so are included in 'Members other interests' or in 'Amounts due to members' depending on whether or not division of profits has occurred.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

PET&R LLP (REGISTERED NUMBER: OC362388)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 6 April 2022 44,839
Additions 77
At 5 April 2023 44,916
DEPRECIATION
At 6 April 2022 24,056
Charge for year 5,037
At 5 April 2023 29,093
NET BOOK VALUE
At 5 April 2023 15,823
At 5 April 2022 20,783

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 6 April 2022 36,150
Transfer to ownership (36,150 )
At 5 April 2023 -
DEPRECIATION
At 6 April 2022 18,844
Charge for year 4,326
Transfer to ownership (23,170 )
At 5 April 2023 -
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 17,306

5. SECURED DEBTS

The following secured debts are included within creditors:

5/4/23 5/4/22
£    £   
Hire purchase contracts - 3,617

The hire purchase agreements are secured on the assets to which they relate.

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank as unsecured creditors in relation to other creditors.

Accountants' Report to the Members
on the Unaudited Financial Statements of
PET&R LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of PET&R LLP for the year ended 5 April 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the members of PET&R LLP, as a body, in accordance with the terms of our engagement letter dated 30 August 2021. Our work has been undertaken solely to prepare for your approval the financial statements of PET&R LLP and state those matters that we have agreed to state to the members of PET&R LLP, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that PET&R LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PET&R LLP. You consider that PET&R LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PET&R LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


17 November 2023