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REGISTERED NUMBER: OC440137 (England and Wales)















Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

Petrus Investments LLP

Petrus Investments LLP (Registered number: OC440137)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Petrus Investments LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: J Gould
M McCracken-Gould
R D McCracken
C E Gould





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: OC440137 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Petrus Investments LLP (Registered number: OC440137)

Report of the Members
for the Year Ended 31 March 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

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

J Gould
M McCracken-Gould
R D McCracken
C E Gould

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £21,617 (2024 - £36,057 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J Gould - Designated member


5 May 2025

Petrus Investments LLP (Registered number: OC440137)

Income Statement
for the Year Ended 31 March 2025

31.3.25 31.3.24
Notes £    £   

TURNOVER 88,000 87,267

Administrative expenses 66,383 51,210
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





21,617





36,057

Petrus Investments LLP (Registered number: OC440137)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 682 -
Investment property 6 2,610,000 2,610,000
2,610,682 2,610,000

CURRENT ASSETS
Debtors 7 45 45
Cash at bank 4,910 23,407
4,955 23,452
CREDITORS
Amounts falling due within one year 8 16,228 9,803
NET CURRENT (LIABILITIES)/ASSETS (11,273 ) 13,649
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,599,409

2,623,649

LOANS AND OTHER DEBTS DUE
TO MEMBERS

9

2,599,409

2,623,649

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,599,409 2,623,649

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 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.

Petrus Investments LLP (Registered number: OC440137)

Balance Sheet - continued
31 March 2025


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 5 May 2025 and were signed by:





J Gould - Designated member

Petrus Investments LLP (Registered number: OC440137)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Petrus Investments 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2024 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.25 31.3.24
£    £   
Depreciation - owned assets 117 -

Petrus Investments LLP (Registered number: OC440137)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 799
At 31 March 2025 799
DEPRECIATION
Charge for year 117
At 31 March 2025 117
NET BOOK VALUE
At 31 March 2025 682

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 2,610,000
NET BOOK VALUE
At 31 March 2025 2,610,000
At 31 March 2024 2,610,000

Fair value at 31 March 2025 is represented by:
£   
Cost 2,610,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 2,610,000 2,610,000

Investment properties were valued on an open market basis on 30 November 2021 by Rowland Gorringe .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 45 45

Petrus Investments LLP (Registered number: OC440137)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Payments on account 5,003 5,003
Trade creditors 6,425 -
Other creditors 4,800 4,800
16,228 9,803

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.25 31.3.24
£    £   
Amounts owed to members in respect of profits 2,599,409 2,623,649

Falling due within one year 2,599,409 2,623,649

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