Registered No. OC390271 (England and Wales)
Presto Partnership LLP
Unaudited Accounts
for the year ended 31 March 2025
Presto Partnership LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mrs Bridget Mary Preston
Registered Number
OC390271 (England and Wales)
Registered Office
20 Hartswood Road
Stamford Brook
London
W12 9NQ
UK
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Presto Partnership LLP
Accountants' report
Accountants' report to the members of Presto Partnership LLP on the preparation of the unaudited statutory financial statements for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Presto Partnership LLP for the year ended
31 March 2025 as set out on pages
4 -
6 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of Presto Partnership LLP, as a body, in accordance with the terms of our engagement letter dated 2 April 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Presto Partnership LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Presto Partnership LLP and its members as a body for our work or for this report.
It is your duty to ensure that Presto Partnership LLP 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 Presto Partnership LLP. You consider that Presto Partnership LLP 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 Presto Partnership LLP. 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.
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
10 December 2025
Presto Partnership LLP
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
-
13,282
Creditors: amounts falling due within one year
(173,857)
(370,842)
Net current liabilities
(171,452)
(152,007)
Net liabilities attributable to members
(171,452)
(152,007)
Members' capital classified as equity
9,963
9,171
Other reserves
(181,415)
(161,178)
Members' other interests
(171,452)
(152,007)
For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 480 of the Companies Act 2006 (as applied to LLPs) relating to dormant LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 10 December 2025.
Mr Nicholas John Preston
Designated member
Limited Liability Partnership Registration No. OC390271
Presto Partnership LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Presto Partnership LLP is a limited liability partnership, incorporated in England and Wales, registration number OC390271. Its registered office is 20 Hartswood Road, Stamford Brook, London, W12 9NQ, UK. The LLP is in the process of being wound up.
3
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
(341,107)
Other creditors
173,857
711,949
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.
Presto Partnership LLP
Notes to the Accounts
for the year ended 31 March 2025
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).