REGISTERED NUMBER: OC444035 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

UFP WORLD LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

United First Partners UK Limited

United First Management Limited

REGISTERED OFFICE:

4th Floor

100 Cannon Street

London

EC4N 6EU

REGISTERED NUMBER:

OC444035 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Sutherland House

1759 London Road

Leigh on Sea

Essex

SS9 2RZ

The members present their report with the financial statements of the LLP for the year ended 31st December 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of equity brokers.

DESIGNATED MEMBERS

The designated members during the year under review were:

United First Partners UK Limited

United First Management Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2023 - £NIL profit).

MEMBERS' INTERESTS

The capital of the LLP is such sum as the Members may determine from time to time. The capital and assets of the LLP shall belong to the Members in proportion to their capital accounts.

Drawings on account of or in respect of profits shall be made by the Members as unanimously agreed by all of the Members from time to time.

ON BEHALF OF THE MEMBERS:

United First Management Limited - Designated member

15th September 2025

TURNOVER

7,650

527,599

Cost of sales

-

331,246

GROSS PROFIT

7,650

196,353

Administrative expenses

7,650

196,353

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

-

CURRENT ASSETS

Debtors

4

4,751

254,032

Cash at bank

-

28

4,751

254,060

CREDITORS

Amounts falling due within one year

5

4,751

254,060

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

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 31st December 2024.

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 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 15th September 2025 and were signed by:

United First Management Limited - Designated member

1.	STATUTORY INFORMATION

UFP World LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

4,751

244,141

Other debtors

-

9,891

4,751

254,032

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,020

600

Amounts owed to group undertakings

-

251,460

Other creditors

731

2,000

4,751

254,060

6.	RELATED PARTY DISCLOSURES

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within debtors due within one year are loans of £4,751 (2023: £244,141) due from group entities.

Included within creditors due within one year are loans of £nil (2023: £251,460) due to group entities.

These loans are interest free and repayable on demand.

The members are of the opinion that all other material transactions with related parties are conducted under normal market conditions.