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REGISTERED NUMBER: OC319757
P & A Estate Control LLP
Unaudited Financial Statements
31 December 2024
P & A Estate Control LLP
Financial Statements
Year ended 31 December 2024
Contents
Page
Members' report
1
Statement of financial position
2
Notes to the financial statements
3
P & A Estate Control LLP
Members' Report
Year ended 31 December 2024
The members present their report and the unaudited financial statements of the LLP for the year ended 31 December 2024 .
Principal activities
The principal activity of the LLP is the holding of an investment in a Spanish subsidiary company. During the year the LLP has not traded nor made any profit or loss.
Designated members
The designated members who served the LLP during the year were as follows:
P Hoof
A C Ibbs-George
Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.
New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.
This report was approved by the members on 16 September 2025 and signed on behalf of the members by:
P Hoof
Designated Member
Registered office:
Aulfield
Sandyfields
Baldwins Gate
Newcastle
Staffordshire
ST5 5DW
P & A Estate Control LLP
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
2,100
2,100
Current assets
Debtors
5
5,670
5,670
-------
-------
Net current assets
5,670
5,670
-------
-------
Total assets less current liabilities
7,770
7,770
-------
-------
Represented by:
Loans and other debts due to members
Other amounts
6
6,770
6,770
Members' other interests
Members' capital classified as equity
1,000
1,000
Other reserves
–
–
-------
-------
7,770
7,770
-------
-------
Total members' interests
Loans and other debts due to members
6
6,770
6,770
Members' other interests
1,000
1,000
-------
-------
7,770
7,770
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year 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) relating to small LLPs.
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 financial statements .
These financial statements were approved by the members and authorised for issue on 16 September 2025 , and are signed on their behalf by:
P Hoof
Designated Member
Registered number: OC319757
P & A Estate Control LLP
Notes to the Financial Statements
Year ended 31 December 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Aulfield, Sandyfields, Baldwins Gate, Newcastle, Staffordshire, ST5 5DW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The LLP has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 on the basis that the LLP and its subsidiary undertakings comprise a small group.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
4.
Investments
Other investments other than loans
£
Cost
At 1 January 2024 and 31 December 2024
2,100
-------
Impairment
At 1 January 2024 and 31 December 2024
–
-------
Carrying amount
At 31 December 2024
2,100
-------
At 31 December 2023
2,100
-------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Lyndene Patrimonio Familiar Espana S.L.
Ordinary
100
5.
Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the LLP has a participating interest
5,670
5,670
-------
-------
6.
Loans and other debts due to members
2024
2023
£
£
Loans from members
6,770
6,770
-------
-------