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REGISTERED NUMBER: OC343029 (England and Wales)















PENSION PARTNERS LLP

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

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










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 7


PENSION PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Ms. C.J. Ive
Mrs. P.C. Anning





REGISTERED OFFICE: The Old Rectory
Church Lane
Hallow
Worcester
WR2 6PF





REGISTERED NUMBER: OC343029 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

CESSATION OF TRADING
The LLP ceased trading on 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of pension advisors.

DESIGNATED MEMBERS
The designated members during the year under review were:

Ms. C.J. Ive
Mrs. P.C. Anning

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £215,500 (2023 - £223,997 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms. C.J. Ive - Designated member


31 January 2025

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PENSION PARTNERS LLP



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 Pension Partners LLP for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Pension Partners LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pension Partners LLP and state those matters that we have agreed to state to the members of Pension Partners LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pension Partners LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Pension Partners 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 Pension Partners LLP. You consider that Pension Partners 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 Pension Partners 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


31 January 2025

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 510,778 338,249

Cost of sales 60,264 (34,315 )
GROSS PROFIT 450,514 372,564

Administrative expenses 235,014 148,567
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




215,500




223,997


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

215,500

223,997

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,180 7,725

CURRENT ASSETS
Stocks - 60,264
Debtors 6 77,617 1,808
Cash at bank 477,014 436,181
554,631 498,253
CREDITORS
Amounts falling due within one year 7 463,754 457,521
NET CURRENT ASSETS 90,877 40,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,057

48,457

CREDITORS
Amounts falling due after more than one
year

8

15,000

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

82,057

48,457

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

82,057

48,457

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 82,057 48,457

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.

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 31 January 2025 and were signed by:





Ms. C.J. Ive - Designated member

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

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


1. STATUTORY INFORMATION

Pension 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,545 1,932

PENSION PARTNERS LLP (REGISTERED NUMBER: OC343029)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,566 12,848 23,414
DEPRECIATION
At 1 April 2023 5,851 9,838 15,689
Charge for year 942 603 1,545
At 31 March 2024 6,793 10,441 17,234
NET BOOK VALUE
At 31 March 2024 3,773 2,407 6,180
At 31 March 2023 4,715 3,010 7,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,617 1,808

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,259 10,201
Taxation and social security 36,379 22,671
Other creditors 420,116 424,649
463,754 457,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 15,000 -

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

As none of the creditors hold security over the assets of the limited liability partnership, both members and other creditors will be paid equally on a proportionate basis.