IRIS Accounts Production v25.1.4.42 OC403189 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4031892024-03-31OC4031892025-03-31OC4031892024-04-012025-03-31OC4031892023-03-31OC4031892023-04-012024-03-31OC4031892024-03-31OC403189ns15:EnglandWales2024-04-012025-03-31OC403189ns14:PoundSterling2024-04-012025-03-31OC403189ns10:PartnerLLP12024-04-012025-03-31OC403189ns10:LimitedLiabilityPartnershipLLP2024-04-012025-03-31OC403189ns10:SmallEntities2024-04-012025-03-31OC403189ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-31OC403189ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-31OC403189ns10:LimitedLiabilityPartnershipsSORP2024-04-012025-03-31OC403189ns10:FullAccounts2024-04-012025-03-31OC403189ns10:PartnerLLP22024-04-012025-03-31OC403189ns10:RegisteredOffice2024-04-012025-03-31OC403189ns5:CurrentFinancialInstruments2025-03-31OC403189ns5:CurrentFinancialInstruments2024-03-31OC403189ns5:LandBuildings2024-04-012025-03-31OC403189ns5:PlantMachinery2024-04-012025-03-31OC403189ns5:LandBuildings2024-03-31OC403189ns5:PlantMachinery2024-03-31OC403189ns5:LandBuildings2025-03-31OC403189ns5:PlantMachinery2025-03-31OC403189ns5:LandBuildings2024-03-31OC403189ns5:PlantMachinery2024-03-31OC403189ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-31OC403189ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: OC403189 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

P&R AMERICAN CLASSICS LLP

P&R AMERICAN CLASSICS LLP (REGISTERED NUMBER: OC403189)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&R AMERICAN CLASSICS LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: P Cavallo
L Williams





REGISTERED OFFICE: Vinces Barn
Frating Road
Ardleigh
Essex
CO7 7SU





REGISTERED NUMBER: OC403189 (England and Wales)

P&R AMERICAN CLASSICS LLP (REGISTERED NUMBER: OC403189)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 220,939 225,516

CURRENT ASSETS
Stocks 592,552 508,750
Debtors 5 5,000 91,946
Cash at bank 169,795 41,087
767,347 641,783
CREDITORS
Amounts falling due within one year 6 (38,950 ) (1,699 )
NET CURRENT ASSETS 728,397 640,084
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 949,336 865,600

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

949,336

865,600

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 949,336 865,600

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.

P&R AMERICAN CLASSICS LLP (REGISTERED NUMBER: OC403189)

Balance Sheet - continued
31 March 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 19 May 2025 and were signed by:





P Cavallo - Designated member

P&R AMERICAN CLASSICS LLP (REGISTERED NUMBER: OC403189)

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


1. STATUTORY INFORMATION

P&R American Classics 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 each asset over its estimated useful life.
Land and buildings - 2% on cost of Buildings.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 238,804 7,824 246,628
Additions - 1,416 1,416
At 31 March 2025 238,804 9,240 248,044
DEPRECIATION
At 1 April 2024 14,151 6,961 21,112
Charge for year 4,776 1,217 5,993
At 31 March 2025 18,927 8,178 27,105
NET BOOK VALUE
At 31 March 2025 219,877 1,062 220,939
At 31 March 2024 224,653 863 225,516

P&R AMERICAN CLASSICS LLP (REGISTERED NUMBER: OC403189)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,000 90,026
Other debtors - 1,920
5,000 91,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 32,181 -
Taxation and social security 4,898 -
Other creditors 1,871 1,699
38,950 1,699

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans to members rank equally with other creditors.