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REGISTERED NUMBER: OC439908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RN3 PARTNERS LLP

RN3 PARTNERS LLP (Registered number: OC439908)






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


RN3 PARTNERS LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M L M Barnett
Ms L Alport





REGISTERED OFFICE: 40 Portland Place
London, UK
W1B 1NB





REGISTERED NUMBER: OC439908 (England and Wales)





ACCOUNTANTS: Elemental CoSec Limited
27 Old Gloucester Street
London
WC1N 3AX

RN3 PARTNERS LLP (Registered number: OC439908)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,342 14,723

CURRENT ASSETS
Debtors 5 557,419 16,439
Cash at bank 19,916 93,976
577,335 110,415
CREDITORS
Amounts falling due within one year 6 77,721 86,779
NET CURRENT ASSETS 499,614 23,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,956

38,359

PROVISIONS FOR LIABILITIES (19,949 ) (2,638 )

ACCRUALS AND DEFERRED INCOME (17,106 ) (17,628 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

480,901

18,093

RN3 PARTNERS LLP (Registered number: OC439908)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

480,901

18,093

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 480,901 18,093
Amounts due from members 5 (57,229 ) -
423,672 18,093

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.

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 19 September 2024 and were signed by:





M L M Barnett - Designated member

RN3 PARTNERS LLP (Registered number: OC439908)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RN3 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.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2023 - 3 ) .

RN3 PARTNERS LLP (Registered number: OC439908)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 21,399
Additions 12,755
At 31 March 2024 34,154
DEPRECIATION
At 1 April 2023 6,676
Charge for year 9,136
At 31 March 2024 15,812
NET BOOK VALUE
At 31 March 2024 18,342
At 31 March 2023 14,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 67,228 -
Amounts due from members 57,229 -
Other debtors 55,376 -
Prepayments 377,586 16,439
557,419 16,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 50,936 43,406
VAT 24,319 43,373
Other creditors 2,466 -
77,721 86,779