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REGISTERED NUMBER: OC439908 (England and Wales)















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: Mr M L M Barnett
Ms L Alport



REGISTERED OFFICE: 40 Portland Place
London, UK
W1B 1NB



REGISTERED NUMBER: OC439908 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Mr Costas A Joannou BSc, MSc,PhD,FCCA



AUDITORS: Christiansons Limited
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 97,236 -
Tangible assets 6 15,946 18,342
113,182 18,342

CURRENT ASSETS
Debtors 7 1,120,653 557,419
Cash at bank 56,621 19,916
1,177,274 577,335
CREDITORS
Amounts falling due within one year 8 200,919 77,721
NET CURRENT ASSETS 976,355 499,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,537

517,956

PROVISIONS FOR LIABILITIES - (19,949 )

ACCRUALS AND DEFERRED INCOME - (17,106 )
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 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 July 2025 and were signed by:





Mr M L M Barnett - Designated member

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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on a straight line basis

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 3 (2024 - 2 ) .

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 97,236
At 31 March 2025 97,236
NET BOOK VALUE
At 31 March 2025 97,236

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 11,433 22,721 34,154
Additions - 7,641 7,641
At 31 March 2025 11,433 30,362 41,795
DEPRECIATION
At 1 April 2024 2,736 13,076 15,812
Charge for year 2,017 8,020 10,037
At 31 March 2025 4,753 21,096 25,849
NET BOOK VALUE
At 31 March 2025 6,680 9,266 15,946
At 31 March 2024 8,697 9,645 18,342

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 301,511 67,228
Amounts due from members 329,910 57,229
Other debtors - 55,376
Prepayments 489,232 377,586
1,120,653 557,419

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 8,674 -
Trade creditors 93,417 50,936
VAT 5,446 24,319
Other creditors 10,629 2,466
Accrued expenses 47,364 -
Deferred income 35,389 -
200,919 77,721

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.

Mr Costas A Joannou BSc, MSc,PhD,FCCA (Senior Statutory Auditor)
for and on behalf of Christiansons Limited

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

20252024
££
Software developments
Within one year29,8840
Between one and five years00
29,8840

Minimum lease payments under non-cancellable operating leases

20252024
££
Rental Lease
Within one year154,800154,800
Between one and five years46,892201,692
201,692356,492

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