| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended |
| 30 September 2024 |
| for |
| M C Peat & Co. LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| 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 | ( |
) | ( |
) |
| 406,672 | 381,339 |
| TOTAL MEMBERS' INTERESTS |
| Members' other interests | 406,672 | 381,339 |
| 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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. |
| 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 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 |
| 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 |
| DEPRECIATION |
| At 1 October 2023 |
| and 30 September 2024 |
| 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 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| Other debtors |
| VAT |
| Prepayments |
| Amounts falling due after more than one year: |
| Amounts owed by participating interests | 125,000 | 125,000 |
| Aggregate amounts |
| 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 |
| 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 |
| VAT | 1,815 | - |
| Other creditors |
| Accrued expenses |
| 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. |