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REGISTERED NUMBER: OC417316 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2025

for

GARO & CO UK LLP

GARO & CO UK LLP (REGISTERED NUMBER: OC417316)






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




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GARO & CO UK LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: Ms C Der Garabedian
L Zacharias





REGISTERED OFFICE: 27 Daventry Street
London
NW1 6TD





REGISTERED NUMBER: OC417316 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

GARO & CO UK LLP (REGISTERED NUMBER: OC417316)

Abridged Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,333 798
1,334 799

CURRENT ASSETS
Debtors 19,011 19,977
Cash at bank 45,424 49,431
64,435 69,408
CREDITORS
Amounts falling due within one year 25,133 23,069
NET CURRENT ASSETS 39,302 46,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,636

47,138

CREDITORS
Amounts falling due after more than one
year

8,067

16,867
NET ASSETS ATTRIBUTABLE TO
MEMBERS

32,569

30,271

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

32,549

30,251

MEMBERS' OTHER INTERESTS
Capital accounts 20 20
32,569 30,271

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 32,549 30,251
Members' other interests 20 20
32,569 30,271

GARO & CO UK LLP (REGISTERED NUMBER: OC417316)

Abridged Balance Sheet - continued
31 March 2025


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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 21 July 2025 and were signed by:




L Zacharias - Designated member




Ms C Der Garabedian - Designated member


GARO & CO UK LLP (REGISTERED NUMBER: OC417316)

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

1. STATUTORY INFORMATION

Garo & Co UK LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and revenue recognition
Revenue is recognised to the extent that it is probable that economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable excluding discounts, rebates and VAT.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:
(a) the amount of revenue can be measured reliably;
(b) it is probable that the economic benefits associated with the transaction will flow to the entity;
(c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
(d) the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of two years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Financial instruments
The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

GARO & CO UK LLP (REGISTERED NUMBER: OC417316)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 26,000
AMORTISATION
At 1 April 2024
and 31 March 2025 25,999
NET BOOK VALUE

At 31 March 2025 1
At 31 March 2024 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 3,152
Additions 1,283
Disposals (1,384 )
At 31 March 2025 3,051
DEPRECIATION
At 1 April 2024 2,354
Charge for year 748
Eliminated on disposal (1,384 )
At 31 March 2025 1,718
NET BOOK VALUE
At 31 March 2025 1,333
At 31 March 2024 798

6. SECURED DEBTS

The bank loan included under creditors is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme (BBLS).

The bank loan bears interest of 2.5% per annum.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.