| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| RN3 PARTNERS LLP |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| RN3 PARTNERS LLP |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| 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 |
| RN3 PARTNERS LLP |
| General Information |
| for the Year Ended 31 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Certified Accountants |
| & Statutory Auditors |
| Sterling House |
| Fulbourne Road |
| Walthamstow |
| London |
| E17 4EE |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,089,537 |
480,901 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
33,437 |
480,901 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 1,056,100 | - |
| 1,089,537 | 480,901 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 33,437 | 480,901 |
| Members' other interests | 1,056,100 | - |
| Amounts due from members | 7 | (329,910 | ) | (57,229 | ) |
| 759,627 | 423,672 |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| RN3 PARTNERS 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is earned from the rendering of services and is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
| 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 currently under development so no amortisation is applicable. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors receivable within one year |
| Debtors include trade debtors and prepayments and accrued income. Trade debtors are recorded at cost less any amounts deemed to be irrecoverable. Prepayments are payments made for goods or services that will be received in the future. These are initially recorded as assets and amortised over time as the benefit of the prepaid expense is realised. |
| Creditors payable within one year |
| Creditors include trade and other creditors, accruals and accrued income. Accrued income corresponds to advance payments from customers for services that have not yet been delivered or recognised as revenue |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | AUDITORS' REMUNERATION |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Fees payable to the LLP's auditors for the audit of the LLP's financial statements |
12,000 |
- |
| 5. | INTANGIBLE FIXED ASSETS |
| Computer |
| software |
| £ |
| COST |
| Additions |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 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. |
| Amortisation of the intangible asset begins when the software is available for use. |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Amounts due from members | 329,910 | 57,229 |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| VAT | 5,446 | 24,319 |
| Other creditors |
| Accrued expenses |
| Deferred income |
| RN3 PARTNERS LLP (Registered number: OC439908) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests. |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | CAPITAL COMMITMENTS |
| The LLP holds the following capital commitments as at year end: |
| Contracts for future capital expenditure not provided in the financial statements |
| 2025 | 2024 |
| £ | £ |
| Software developments |
| Within one year | 29,884 | 0 |
| Between one and five years | 0 | 0 |
| 29,884 | 0 |
| Minimum lease payments under non-cancellable operating leases |
| 2025 | 2024 |
| £ | £ |
| Rental Lease |
| Within one year | 154,800 | 154,800 |
| Between one and five years | 46,892 | 201,692 |
| 201,692 | 356,492 |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr M L M Barnett. |
| 13. | FCA DISCLOSURE |
| The LLP has the following requirements as bound by the FCA: - |
| - Base capital requirement £75,000 |
| - Fixed overhead requirement £284,000 |
| - Liquid assets threshold requirement £95,000 |