Registration number: 07814169

Partnership Brokers Association

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Partnership Brokers Association

Company Information

Directors	M Bobenreith K A Caplan M Cheah I Kumic K McIntosh B Shrestha K Taetzsch

Registered office

Acre House, 11/15 William Road London NW1 3ER

Auditors

KM Chartered Accountants 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG

Partnership Brokers Association

(Registration number: 07814169)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	6	102,999	37,428
Cash at bank and in hand		407,147	636,630
		510,146	674,058
Creditors: Amounts falling due within one year	7	(396,878)	(559,807)
Total assets less current liabilities		113,268	114,251
Creditors: Amounts falling due after more than one year	7	(11,666)	(21,666)
Net assets		101,602	92,585
Reserves
Retained earnings		101,602	92,585
Surplus		101,602	92,585

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:
 

......................................... I Kumic Director

Partnership Brokers Association

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Acre House, 11/15 William Road
London
NW1 3ER

These financial statements were authorised for issue by the Board on 15 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 15 September 2025 was Mark Heaton FCCA, who signed for and on behalf of KM.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Partnership Brokers Association

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Partnership Brokers Association

Notes to the Financial Statements for the Year Ended 31 December 2024

3	Judgments and key sources of estimation uncertainty

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Accruals

Accruals reflect charges for services relating to the financial year for which invoices have not been received and thus provision is made. Judgements are made as to the estimated value of provisions based on past experience and subsequent charges after the year end. These judgements are regularly reviewed to reflect the changing environment.

Deferred income

Deferred income represents advance payments from clients for services that have not yet been delivered. Judgement is made regarding allocation of services that do not relate to the current financial year. These judgements are regularly reviewed to reflect the changing environment.

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

5	Auditors' remuneration

	2024 £	2023 £
Audit of the financial statements	5,976	6,046

 

6

Debtors

	2024 £	2023 £
Trade debtors	82,937	30,435
Prepayments	6,993	6,993
Accrued income	13,069	-
	102,999	37,428

Partnership Brokers Association

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	9,167	9,167
Trade creditors		10,868	34,184
Taxation and social security		3,258	6,227
Accruals and deferred income		373,585	509,529
Other creditors		-	700
		396,878	559,807