PVG Management LLP

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

Registered number: OC417233

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		588,960		399,197

			588,960		399,197
CURRENT ASSETS
Debtors	5	-		6,250

		-		6,250
Creditors: Amounts Falling Due Within One Year	6	(1,260 )		(2,420 )

NET CURRENT ASSETS (LIABILITIES)			(1,260 )		3,830

TOTAL ASSETS LESS CURRENT LIABILITIES			587,700		403,027

NET ASSETS ATTRIBUTABLE TO MEMBERS			587,700		403,027

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		424,691		400,769
Other amounts		163,009		2,258

			587,700		403,027

			587,700		403,027

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			587,700		403,027

			587,700		403,027

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PVG Management LLP

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.

On behalf of the members

Mr George Moss

Designated Member

03/10/2025

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

1. General Information

PVG Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC417233 . The Registered Office is The Barn, Musgrave Farm, Horningsea Road, Fen Ditton, Cambridge, CB5 8SZ.

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. 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:

Plant & Machinery	- 20% reducing balance
Motor Vehicles	- 20% reducing balance

3. Average Number of Employees

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

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	249,829	401,773	651,602
Additions	61,000	601,080	662,080
Disposals	(58,386 )	(460,003 )	(518,389 )

As at 31 March 2025	252,443	542,850	795,293

Depreciation
As at 1 April 2024	162,964	89,441	252,405
Provided during the period	40,322	57,540	97,862
Disposals	(75,807 )	(68,127 )	(143,934 )

As at 31 March 2025	127,479	78,854	206,333

...CONTINUED

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PVG Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	124,964	463,996	588,960

As at 1 April 2024	86,865	312,332	399,197

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	-	6,250

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Other creditors	1,260	2,420

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