3PS Partners Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06804325 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

3PS PARTNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J H M Fairbairn

REGISTERED OFFICE:

48 Chevening Road

London

NW6 6DE

REGISTERED NUMBER:

06804325 (England and Wales)

ACCOUNTANTS:

Liles Morris Limited

1st Floor

80 Coombe Road

New Malden

Surrey

KT3 4QS

FIXED ASSETS

Tangible assets

5

609

1,040

Investments

6

1,788

2,397

2,828

CURRENT ASSETS

Debtors

7

1,082

1,322

Cash at bank

6,225

21,742

7,307

23,064

CREDITORS

Amounts falling due within one year

8

32,227

38,001

NET CURRENT LIABILITIES

(24,920

)

(14,937

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,523

)

(12,109

)

CREDITORS

Amounts falling due after more than one year

9

91,681

101,491

NET LIABILITIES

(114,204

)

(113,600

)

CAPITAL AND RESERVES

Called up share capital

10

141

Retained earnings

(114,345

)

(113,741

)

SHAREHOLDERS' FUNDS

(114,204

)

(113,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

J H M Fairbairn - Director

1.	STATUTORY INFORMATION

3PS Partners Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 Companies Act 2006. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company has net liabilities of £114,204. This includes liabilities of £91,681 due after one year and £22,964 due to group undertakings. The accounts have been prepared on the going concern basis because both long term creditors and the group undertakings have agreed to continue to support the company for a period of not less that 12 months from signature of the accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,291

DEPRECIATION

At 1 January 2024

251

Charge for year

431

At 31 December 2024

682

NET BOOK VALUE

At 31 December 2024

609

At 31 December 2023

1,040

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,788

NET BOOK VALUE

At 31 December 2024

1,788

At 31 December 2023

1,788

The company owns 50% ordinary shares in 3PS Media Pty Ltd incorporated in India.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

VAT

1,082

1,322

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

3,450

5,185

Amounts owed to group undertakings

22,964

Tax

84

6,123

Accrued expenses

5,729

3,729

32,227

38,001

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Other creditors

91,681

101,491

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

94

Ordinary A

1

94

47

Ordinary B

1

47

141

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £91,681 (2023: £101,491) to its director. During the prior year the company paid £26,434 to the director in respect of historical interest on the loan.