Paul Brown LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC425438

Paul Brown LLP

Filleted Unaudited Abridged Financial Statements

31 March 2025

Paul Brown LLP

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	259,151
Tangible assets	6	656,000	745,925
		---------	------------
		656,000	1,005,076

Current assets

Debtors	–	138,398
Cash at bank and in hand	5,413	29,652
	-------	---------
	5,413	168,050

Creditors: amounts falling due within one year	1,189		38,402
	-------		---------
Net current assets		4,224	129,648
		---------	------------
Total assets less current liabilities		660,224	1,134,724

Creditors: amounts falling due after more than one year	–	143,209
	---------	------------
Net assets	660,224	991,515
	---------	------------

Represented by:

Loans and other debts due to members

Other amounts	7	660,224	991,515
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	660,224	991,515
	---------	---------

Total members' interests

Loans and other debts due to members	7	660,224	991,515
Members' other interests		–	–
		---------	---------
		660,224	991,515
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the abridged statement of comprehensive income has not been delivered.

Paul Brown LLP

Abridged Statement of Financial Position (continued)

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) relating to small LLPs.

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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

These abridged financial statements were approved by the members and authorised for issue on 1 December 2025 , and are signed on their behalf by:

Mr P Brown	Mr P Brown
Designated Member	Member

Registered number: OC425438

Paul Brown LLP

Notes to the Abridged Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 2 Lords Court, Cricketers Way, Basildon, Essex, SS13 1SS.

2.	Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A 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' issued in December 2018 (SORP 2018).

3.	Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

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 abridged 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 abridged 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 abridged statement of comprehensive income and are equity appropriations in the abridged 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 abridged statement of financial position within 'Loans and other debts due to members' and are charged to the abridged statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the abridged statement of financial position within 'Members' other interests'.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 4 (2024: 4 ).

5.	Intangible assets

	£
Cost
At 1 April 2024	259,151
Disposals	( 259,151)
	---------
At 31 March 2025	–
	---------
Amortisation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	259,151
	---------

6.	Tangible assets

	£
Cost
At 1 April 2024	767,460
Additions	8,750
Disposals	( 120,210)
	---------
At 31 March 2025	656,000
	---------
Depreciation
At 1 April 2024	21,535
Disposals	( 21,535)
	---------
At 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	656,000
	---------
At 31 March 2024	745,925
	---------

7.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	660,224	991,515
	---------	---------

8.	Related party transactions

Mr P Brown is the controlling member as defined by financial reporting for Smaller Entities.