REV-1 Automotive LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: OC450295

		31 December 2024
	Notes	£	£
CURRENT ASSETS
Cash at bank and in hand		1,478

		1,478
Creditors: Amounts Falling Due Within One Year	4	(739 )

NET CURRENT ASSETS (LIABILITIES)			739

TOTAL ASSETS LESS CURRENT LIABILITIES			739

NET ASSETS ATTRIBUTABLE TO MEMBERS			739

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		404

			404

Equity
Members' other interests
Members' capital		335

			335

			739

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			404
Members' other interests			335

			739

Page 1

Page 2

REV-1 Automotive LLP

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Robert Arnott Designated Member	Mr Connor Lumbar Designated Member
28 August 2025

The notes on page 3 form part of these financial statements.

1. General Information

REV-1 Automotive LLP is a limited liability partnership, incorporated in England & Wales, registered number OC450295 . The Registered Office is Inchmead Suite, 100 Berkshire Place, Winnersh, Wokingham, RG41 5RD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Turnover

Turnover represents amounts (excluding value added tax) receivable for the provision of motor vehicle repairs and servicing during the year.

Revenue from the supply of services is recognised at the point in time when the service is completed and the performance obligation is satisfied, which is generally upon completion of the repair or servicing work and when the invoice is issued to the customer.

Revenue includes both parts and labour charged to customers. Parts are recognised as revenue when supplied and fitted as part of the repair or servicing job.

The company measures turnover at the fair value of the consideration received or receivable, net of trade discounts, value added tax and other similar sales-based taxes.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 2

4. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	(1 )
Taxation and social security	740

	739

5. Ultimate Controlling Party

The Limited Liability Partnership has no ultimate parent undertaking and is not controlled by any single party. The LLP is jointly controlled by its two members, each of whom holds a 50% interest. The members are not related parties.

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