PA & SL Fellows LLP

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: OC426956

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,000		12,000
Tangible Assets	5		465,167		468,860

			474,167		480,860
CURRENT ASSETS
Stocks		796		-
Debtors		-		862
Cash at bank and in hand		3,928		3,896

		4,724		4,758
Creditors: Amounts Falling Due Within One Year		(31,026 )		(19,167 )

NET CURRENT ASSETS (LIABILITIES)			(26,302 )		(14,409 )

TOTAL ASSETS LESS CURRENT LIABILITIES			447,865		466,451

Creditors: Amounts Falling Due After More Than One Year			(44,062 )		(50,076 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			403,803		416,375

REPRESENTED BY:
Equity
Members' other interests
Members' capital		393,807		387,420
Other reserves		9,996		28,955

			403,803		416,375

TOTAL MEMBERS' INTEREST
Members' other interests			403,803		416,375

			403,803		416,375

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PA & SL Fellows LLP

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Paul Fellows

Designated Member

1st September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PA & SL Fellows LLP is a limited liability partnership, incorporated in England & Wales, registered number OC426956 . The Registered Office is 30, Sands Road, Paignton, Devon, TQ4 6EJ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	-
Plant & Machinery	20% Reducing balance
Fixtures & Fittings	20% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

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PA & SL Fellows LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	25,000

As at 31 March 2025	25,000

Amortisation
As at 1 April 2024	13,000
Provided during the period	3,000

As at 31 March 2025	16,000

Net Book Value
As at 31 March 2025	9,000

As at 1 April 2024	12,000

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	496,152

As at 31 March 2025	496,152

Depreciation
As at 1 April 2024	27,292
Provided during the period	3,693

As at 31 March 2025	30,985

Net Book Value
As at 31 March 2025	465,167

As at 1 April 2024	468,860

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