1 April 2023 false No description of principal activity Taxfiler 2024.6 OC404224business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC4042242023-03-31 OC4042242023-04-012024-03-31 OC404224business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 OC404224business:FullAccounts2023-04-012024-03-31 OC4042242024-03-31 OC404224business:PartnerLLP12023-04-012024-03-31 OC404224business:PartnerLLP22023-04-012024-03-31 OC404224business:RegisteredOffice2023-04-012024-03-31 OC4042242023-03-31 OC404224core:WithinOneYear2024-03-31 OC404224core:WithinOneYear2023-03-31 OC404224core:AfterOneYear2024-03-31 OC404224core:AfterOneYear2023-03-31 OC404224core:RetainedEarningsAccumulatedLosses2024-03-31 OC404224core:RetainedEarningsAccumulatedLosses2023-03-31 OC404224business:SmallEntities2023-04-012024-03-31 OC404224core:MotorVehicles2023-04-012024-03-31 OC404224countries:EnglandWales2023-04-012024-03-31 OC404224core:MotorVehicles2023-03-31 OC404224core:MotorVehicles2024-03-31 OC4042242022-01-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC404224 (England and Wales)
Partners with Purpose LLP Unaudited accounts for the year ended 31 March 2024
Partners with Purpose LLP LLP Information for the year ended 31 March 2024
Designated members
Mr Giles Fry
Mr Paul Sheehy
Registered Number
OC404224 (England and Wales)
Registered Office
Office 7 35-37 Ludgate Hill London EC4M 7JN UK
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Partners with Purpose LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
112,800 
- 
Current assets
Debtors
111,491 
84,799 
Cash at bank and in hand
- 
19,365 
111,491 
104,164 
Creditors: amounts falling due within one year
(24,923)
(64,735)
Net current assets
86,568 
39,429 
Total assets less current liabilities
199,368 
39,429 
Creditors: amounts falling due after more than one year
(196,967)
(33,215)
Net assets attributable to members
2,401 
6,214 
Represented by:
Members' other interests
Other reserves
2,401 
6,214 
2,401 
6,214 
Total members' interests
Members' other interests
2,401 
6,214 
2,401 
6,214 
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 10 January 2025.
Mr Giles Fry Designated member Limited Liability Partnership Registration No. OC404224
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Partners with Purpose LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
6% Reducing Balance
2
Statutory information
Partners with Purpose LLP is a limited liability partnership, incorporated in England and Wales, registration number OC404224. Its registered office is Office 7, 35-37 Ludgate Hill, London, EC4M 7JN, UK.
3
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
120,000 
At 31 March 2024
120,000 
Depreciation
Charge for the year
7,200 
At 31 March 2024
7,200 
Net book value
At 31 March 2024
112,800 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,796 
6,600 
Obligations under finance leases and hire purchase contracts
17,000 
- 
Trade creditors
127 
- 
Taxes and social security costs
- 
58,135 
24,923 
64,735 
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Partners with Purpose LLP Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,361 
33,215 
Obligations under finance leases and hire purchase contracts
38,434 
- 
Other creditors
131,172 
- 
196,967 
33,215 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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