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REGISTERED NUMBER: OC395328 (England and Wales)















Unaudited Cessation Financial Statements

for the Year Ended 31 December 2024

for

Petem Sales LLP
Petem Sales LLP (Registered number: OC395328)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Petem Sales LLP

General Information
for the Year Ended 31 December 2024







DESIGNATED MEMBERS: Ealing Engineering Limited
Edmonton Peten S A





REGISTERED OFFICE: Ground Floor, 123 Pall Mall
St James's
London
SW1Y 5EA





REGISTERED NUMBER: OC395328 (England and Wales)





Page 1
Petem Sales LLP (Registered number: OC395328)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes $ $
CURRENT ASSETS
Debtors 4 - 26,606,443
Cash at bank - 162
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
-
26,606,605

LOANS AND OTHER DEBTS DUE
TO MEMBERS
5
-
26,606,443

MEMBERS' OTHER INTERESTS
Members' capital classified as equity - 162
- 26,606,605

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
5
-
26,606,443
Members' other interests - 162
- 26,606,605

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 31 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 notes form part of these financial statements

Page 2
Petem Sales LLP (Registered number: OC395328)

Statement of Financial Position - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

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





Edmonton Peten S A - Designated member

The notes form part of these financial statements

Page 3
Petem Sales LLP (Registered number: OC395328)

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

1. STATUTORY INFORMATION

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

The LLP's principal place of business is at Av. Paseo de las Palmas 239, Lomas de Chapultepec I Secc,11000 Ciudad de México, Mexico.

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.

The LLP's functional and presentation currency is US dollars.

.

Significant judgements and estimates
In the preparation of the financial statements, management has made no judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Financial instruments
Financial assets and financial liabilities are recognised in the LLP's statement of financial position when the LLP becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the transaction price of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.

Trade and other receivables are initially measured at transaction price and are subsequently measured at amortised cost, using the effective interest rate method.
For the purpose of the statement of cash flows, cash and cash equivalents comprise cash at bank.

Trade and other payables are initially measured at transaction price and are subsequently measured at amortised cost, using the effective interest rate method.

Page 4
Petem Sales LLP (Registered number: OC395328)

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

2. ACCOUNTING POLICIES - continued

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 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.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of comprehensive income and are equity appropriations in the Statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

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 Statement of comprehensive income 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'.

Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

3. EMPLOYEE INFORMATION

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

Page 5
Petem Sales LLP (Registered number: OC395328)

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

4. DEBTORS
31.12.24 31.12.23
$ $
Amounts falling due within one year:
Other debtors - 996,161

Amounts falling due after more than one year:
Other debtors - 25,610,282

Aggregate amounts - 26,606,443

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, loans and other debts due to members rank behind creditors.

6. RELATED PARTY DISCLOSURES

Amounts owed by connected parties falling due within one year
31.12.24 31.12.23

Nature of relationship		 Nature of
transaction
$   
$   
Entity under joint control/significant influence of
related persons
Finance
-
996,161
- 996,161

Amounts owed by connected parties: falling due more than one year
31.12.24 31.12.23

Nature of relationship		 Nature of
transaction
$   
$   
Entity under joint control/significant
influence of related persons
Finance
-
25,610,282
- 25,610,282

7. ULTIMATE PARENT COMPANY

Vianelo International SA, incorporated in Panama, is regarded by members as being the LLP's ultimate parent company. It is also the ultimate controlling party.

Edmonton Petem S.A., incorporated in Panama, is considered by the members of the LLP to be its parent undertaking.

Page 6