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REGISTERED NUMBER: OC368230 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

M C Peat & Co. LLP

M C Peat & Co. LLP (Registered number: OC368230)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M C Peat & Co. LLP

General Information
for the Year Ended 30 September 2024







DESIGNATED MEMBERS: C W Peat
J G Beaumont





REGISTERED OFFICE: 118 Piccadilly
London
W1J 7NW





REGISTERED NUMBER: OC368230 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

M C Peat & Co. LLP (Registered number: OC368230)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 47,194 47,194
47,194 47,194

CURRENT ASSETS
Debtors 7 137,122 137,257
Investments 8 225,759 206,985
Cash at bank 23,315 42,648
386,196 386,890
CREDITORS
Amounts falling due within one year 9 26,718 52,745
NET CURRENT ASSETS 359,478 334,145
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

406,672

381,339

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 413,073 387,740
Other reserves (6,401 ) (6,401 )
406,672 381,339

TOTAL MEMBERS' INTERESTS
Members' other interests 406,672 381,339

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 September 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.

M C Peat & Co. LLP (Registered number: OC368230)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 June 2025 and were signed by:





J G Beaumont - Designated member

M C Peat & Co. LLP (Registered number: OC368230)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

M C Peat & Co. 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
Fee income represents revenue earned from providing arranging, advisory and corporate finance services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration, which represents amounts chargeable to clients, but excluding value added tax. Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients is included in debtors, and payments on account, in excess of the relevant amount of revenue, are included in creditors.

Fee income from placing fees that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Current asset investments
Current asset investments are stated at their year end market value.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 October 2023
and 30 September 2024 15,668
AMORTISATION
At 1 October 2023
and 30 September 2024 15,668
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

M C Peat & Co. LLP (Registered number: OC368230)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 851
DEPRECIATION
At 1 October 2023
and 30 September 2024 851
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 47,194
NET BOOK VALUE
At 30 September 2024 47,194
At 30 September 2023 47,194

Fixed asset investments represents the cost of shares purchased in The Regeneration Group Ltd as at 30 September 2024.

The LLP holds 100% of the issued share capital of The Regeneration Group Ltd.

7. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors - 576
Other debtors 11,913 10,485
VAT - 486
Prepayments 209 710
12,122 12,257

Amounts falling due after more than one year:
Amounts owed by participating interests 125,000 125,000

Aggregate amounts 137,122 137,257

M C Peat & Co. LLP (Registered number: OC368230)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 153,551 179,777
Unlisted investments 72,208 27,208
225,759 206,985

At the year end, the company held financial instruments in Weeding Technologies Limited, a UK private company; the instruments were received in exchange for placing services provided. As the instruments are unquoted, without a readily available market price or potential purchaser, the value of the instruments has not been recognised in the financial statements.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,890 4,452
VAT 1,815 -
Other creditors 18,303 42,963
Accrued expenses 4,710 5,330
26,718 52,745

10. RELATED PARTY DISCLOSURES

At the year end, loans totalling £125,000 (2023: £125,000), shown in Debtors, were owed from M C Peat Finance Company Limited. The loan to M C Peat Finance Company Limited is interest free and has no set repayment schedule.

11. CONTROLLING PARTY

The LLP is controlled by an executive committee, as such there is no single controlling party.