REGISTERED NUMBER: 10546325 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ONE PART LOVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J E Baines

REGISTERED OFFICE:

The Office, Arbor Grange

Babraham Road

Cambridge

Cambridgeshire

CB22 3AY

REGISTERED NUMBER:

10546325 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

14,184

16,953

CURRENT ASSETS

Stocks

2,000

3,500

Debtors

5

1,789

1,502

Cash at bank

827

13,610

4,616

18,612

CREDITORS

Amounts falling due within one year

6

36,526

37,495

NET CURRENT LIABILITIES

(31,910

)

(18,883

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,726

)

(1,930

)

PROVISIONS FOR LIABILITIES

2,695

3,221

NET LIABILITIES

(20,421

)

(5,151

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(20,422

)

(5,152

)

SHAREHOLDERS' FUNDS

(20,421

)

(5,151

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

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

J E Baines - Director

1.	STATUTORY INFORMATION

One Part Love Limited 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.	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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st January 2025 the company's current liabilities exceeded its current assets by £31,910 and total liabilities of the company were £39,221. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

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.

Office equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Kitchen equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Kitchen

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

546

21,347

12,344

34,237

DEPRECIATION

At 1 February 2024

314

8,945

8,025

17,284

Charge for year

46

1,860

863

2,769

At 31 January 2025

360

10,805

8,888

20,053

NET BOOK VALUE

At 31 January 2025

186

10,542

3,456

14,184

At 31 January 2024

232

12,402

4,319

16,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

VAT

1,789

1,502

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

25,720

25,720

Director's current account

10,186

11,190

Accruals

620

585

36,526

37,495

7.	ULTIMATE CONTROLLING PARTY

The controlling party is J E Baines.