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REGISTERED NUMBER: OC305023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETER NEAL PENSIONS LLP

PETER NEAL PENSIONS LLP (REGISTERED NUMBER: OC305023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER NEAL PENSIONS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: D Neal
Peter Neal Financial Planning Limited





REGISTERED OFFICE: 10 Ravenswood Crescent
West Wickham
Kent
BR4 0JJ





REGISTERED NUMBER: OC305023 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

PETER NEAL PENSIONS LLP (REGISTERED NUMBER: OC305023)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,625 10,222

CURRENT ASSETS
Debtors 5 9,876 17,159
Cash at bank 75,461 76,638
85,337 93,797
CREDITORS
Amounts falling due within one year 6 29,479 30,496
NET CURRENT ASSETS 55,858 63,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,483

73,523

CREDITORS
Amounts falling due after more than one
year

7

16,250

31,250
NET ASSETS ATTRIBUTABLE TO
MEMBERS

50,233

42,273

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

50,233

42,273

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 50,233 42,273

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 2024.

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.

PETER NEAL PENSIONS LLP (REGISTERED NUMBER: OC305023)

BALANCE SHEET - continued
31 MARCH 2024


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 10 June 2024 and were signed by:





Peter Neal Financial Planning Limited - Designated member

PETER NEAL PENSIONS LLP (REGISTERED NUMBER: OC305023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Peter Neal Pensions 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 9,971 3,929 13,900
Additions 3,217 - 3,217
At 31 March 2024 13,188 3,929 17,117
DEPRECIATION
At 1 April 2023 2,093 1,585 3,678
Charge for year 2,040 774 2,814
At 31 March 2024 4,133 2,359 6,492
NET BOOK VALUE
At 31 March 2024 9,055 1,570 10,625
At 31 March 2023 7,878 2,344 10,222

PETER NEAL PENSIONS LLP (REGISTERED NUMBER: OC305023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,169 15,707
Other debtors 2,707 1,452
9,876 17,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,000 15,000
Trade creditors 1,315 2,793
Taxation and social security 1,244 2,301
Other creditors 11,920 10,402
29,479 30,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,250 31,250

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after other creditors.