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REGISTERED NUMBER: OC349934 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

PARTNERS & ASSOCIATES LLP

PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC349934)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARTNERS & ASSOCIATES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DESIGNATED MEMBERS: Mr S S Dollery
Mr P E J Smith
Mr P Bryant
Mr H Rana
Mr R Purohit
Mr R D Wakefield
Mr T E Campion
Mr. S D Hackney
Mr J W Skinner





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: OC349934 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC349934)

STATEMENT OF FINANCIAL POSITION
30 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 40,098 68,867
Cash at bank and in hand 2,188 580
42,286 69,447
CREDITORS
Amounts falling due within one year 5 34,897 63,514
NET CURRENT ASSETS 7,389 5,933
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,389

5,933

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 7,389 5,933
7,389 5,933

TOTAL MEMBERS' INTERESTS
Members' other interests 7,389 5,933

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 30 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.

PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC349934)

STATEMENT OF FINANCIAL POSITION - continued
30 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 January 2025 and were signed by:





Mr J W Skinner - Designated member

PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC349934)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


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

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.
Plant and machinery etc - 25% on reducing balance

FINANCIAL INSTRUMENTS
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. EMPLOYEE INFORMATION

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 31 March 2023
and 30 March 2024 7,800
Depreciation
At 31 March 2023
and 30 March 2024 7,800
Net book value
At 30 March 2024 -

PARTNERS & ASSOCIATES LLP (REGISTERED NUMBER: OC349934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 40,098 68,867

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 29,355 63,514
Other creditors 5,542 -
34,897 63,514