| REGISTERED NUMBER: |
| THE PARTNERSHIP (2009) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| REGISTERED NUMBER: |
| THE PARTNERSHIP (2009) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2025 |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| THE PARTNERSHIP (2009) LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 June 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Ashbourne House |
| The Guildway |
| Old Portsmouth Road |
| Guildford |
| Surrey |
| GU3 1LR |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| BALANCE SHEET |
| 30 June 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| BALANCE SHEET - continued |
| 30 June 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| The Partnership (2009) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Compliance with accounting standards |
| The financial statements are prepared in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except otherwise stated). |
| Turnover and accrued income |
| Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluded value added tax. Turnover is recognised when a right to consideration has been obtained, upon exchange of contracts. Turnover is not recognised where exchange of contracts has not occurred at the balance sheet date, as the right to receive payment is contingent on events outside the control of the company. |
| Accrued income is included in other debtors. |
| Tangible fixed assets |
| Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: |
| Fixture and fittings | - 25% on cost |
| Computer equipment | - 25% on cost |
| Motor vehicles | - 25% on cost |
| On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised in the income statement and is included in administrative expenses. |
| 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. |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Financial instruments |
| Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have any financial non-basic instruments. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| Included within the above are assets held under hire purchase which cost £77,515 (2024: £77,515). Depreciation charged to date totals £62,981 (2024: £43,602) and the net book value of the assets is £14,534 (2024: £33,913). |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Included within other debtors is a deferred tax asset falling due within one year of £64,530 (2024: £122,000) which arises due to taxable trading losses and offset by timing differences and liabilities. The directors believe it is probable that the taxable losses will be recovered against future taxable profits. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| THE PARTNERSHIP (2009) LIMITED (REGISTERED NUMBER: 07003874) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 June 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | DEFERRED TAX |
| Deferred tax |
| £ |
| Balance at 1 July 2024 | (122,000 | ) |
| Decrease in asset arising from taxable losses | 57,470 |
| Balance at 30 June 2025 | (64,530 | ) |
| The deferred tax asset of £64,530 (2024: £122,000) has been included within other debtors. This is made up of short term timing differences and capital allowances of £2,540 (2024: £520), and £61,990 (2024: £121,480) of taxable losses. |
| 10. | POST BALANCE SHEET EVENTS |
| After the balance sheet date and prior to the approval of these accounts, the company has entered into a hire purchase agreement totalling £57,862 payable over a period of 2 years. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| THE PARTNERSHIP (2009) LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Partnership (2009) Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of The Partnership (2009) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Partnership (2009) Limited and state those matters that we have agreed to state to the Board of Directors of The Partnership (2009) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Partnership (2009) Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that The Partnership (2009) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Partnership (2009) Limited. You consider that The Partnership (2009) Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of The Partnership (2009) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk. |
| Chartered Accountants |
| Ashbourne House |
| The Guildway |
| Old Portsmouth Road |
| Guildford |
| Surrey |
| GU3 1LR |