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REGISTERED NUMBER: OC368277 (England and Wales)











Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Priestman Associates LLP

Priestman Associates LLP (Registered number: OC368277)

Contents of the Financial Statements
for the Year Ended 5 April 2025










Page

Balance Sheet 1


Priestman Associates LLP (Registered number: OC368277)

Balance Sheet
5 April 2025

2025 2024
£    £    £    £   
FIXED ASSETS 28,569 2,061

CURRENT ASSETS 101,288 75,008

CREDITORS
Amounts falling due within one year (48,669 ) (33,828 )
NET CURRENT ASSETS 52,619 41,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,188

43,241

CREDITORS
Amounts falling due after more than one
year

(32,132

)

(5,834

)
NET ASSETS 49,056 37,407

LOANS AND OTHER DEBTS DUE TO MEMBERS 48,056 36,407

MEMBERS' OTHER INTERESTS 1,000 1,000

49,056 37,407

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Priestman Associates LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC368277

Registered office: 1 Irwin Drive
Nottingham
NG6 7BJ

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


The LLP is not a member of a group and these financial statements therefore only reflect the results and financial position of the LLP.

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2024 - 2 ) .

Priestman Associates LLP (Registered number: OC368277)

Balance Sheet - continued
5 April 2025

NOTES TO THE FINANCIAL STATEMENTS

3. LOANS AND OTHER DEBTS DUE FROM MEMBERS

During the year the LLP made the following interest free loans to members which are repayable on demand:
Balances brought forward £66,653 (2024 - £56,144)
Advances on account of profit share £42,994 (2024 - £44,199)
Repayments: £18,893 (2024 - £1,217)
Profit share: £13,534 (2024- £32,473)
Balance carried forward £77,220 (2024 - £66,653).



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 5 April 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 July 2025 and were signed by:




D C Priestman - Designated member




M S Priestman - Designated member