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REGISTERED NUMBER: OC345135 (England and Wales)













Unaudited Financial Statements

for the Period 1 April 2024 to 31 January 2025

for

Prepco LLP

Prepco LLP (Registered number: OC345135)






Contents of the Financial Statements
for the Period 1 April 2024 to 31 January 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prepco LLP

General Information
for the Period 1 April 2024 to 31 January 2025







DESIGNATED MEMBERS: Mrs J Scott
J C Bell





REGISTERED OFFICE: Unit 1 Easter Park
Barton Road
MIDDLESBROUGH
TS2 1RY





REGISTERED NUMBER: OC345135 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Prepco LLP (Registered number: OC345135)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 27,231

CURRENT ASSETS
Debtors 5 - 116,164
Cash at bank 26,776 24,731
26,776 140,895
CREDITORS
Amounts falling due within one year 6 (1,950 ) (48,111 )
NET CURRENT ASSETS 24,826 92,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,826

120,015

CREDITORS
Amounts falling due after more than one
year

7

-

(10,982

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

24,826

109,033

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

24,826

109,033

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 24,826 109,033

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 period ended 31 January 2025.

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.

Prepco LLP (Registered number: OC345135)

Balance Sheet - continued
31 January 2025


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 1 April 2025 and were signed by:





Mrs J Scott - Designated member

Prepco LLP (Registered number: OC345135)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 January 2025

1. STATUTORY INFORMATION

Prepco 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
The company ceased trading on 23 October 2025, for this reason the accounts have been prepared on a basis other than the going concern basis

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when goods have been delivered.

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 - 20% on cost
Fixtures and fittings - 20% - 33%
Computer equipment - 33% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 period was 18 (2024 - 16 ) .

Prepco LLP (Registered number: OC345135)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 95,142 16,258 945 112,345
Disposals (95,142 ) (16,258 ) (945 ) (112,345 )
At 31 January 2025 - - - -
DEPRECIATION
At 1 April 2024 67,912 16,257 945 85,114
Eliminated on disposal (67,912 ) (16,257 ) (945 ) (85,114 )
At 31 January 2025 - - - -
NET BOOK VALUE
At 31 January 2025 - - - -
At 31 March 2024 27,230 1 - 27,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 110,461
Other debtors - 5,703
- 116,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 10,685
Trade creditors - 29,503
Social security and other taxes - 4,942
Other creditors - 1,196
Accruals and deferred income 1,950 1,785
1,950 48,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years - 10,982

Prepco LLP (Registered number: OC345135)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 January 2025

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.