Global Future Partnership LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: OC419425

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,467		7,425

			6,467		7,425
CURRENT ASSETS
Debtors	5	1,005,670		793,032
Cash at bank and in hand		185,262		302,589

		1,190,932		1,095,621
Creditors: Amounts Falling Due Within One Year	6	(490,807 )		(465,031 )

NET CURRENT ASSETS (LIABILITIES)			700,125		630,590

TOTAL ASSETS LESS CURRENT LIABILITIES			706,592		638,015

Creditors: Amounts Falling Due After More Than One Year	7		(2,446 )		(12,353 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			704,146		625,662

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		704,146		625,662

			704,146		625,662

			704,146		625,662

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			704,146		625,662

			704,146		625,662

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Global Future Partnership LLP

Statement of Financial Position (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 Income Statement.

On behalf of the members

Dr Gurnek Bains Partner	Ms Anita Kirpal Partner
17/12/2025

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

1. General Information

Global Future Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419425 . The Registered Office is 26-28 Portland Street, London, W1W 8QT.

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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

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	25% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Pensions

The LLP operates a defined pension contribution scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 3 (2024: 3)

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Global Future Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	4,439	3,763	9,964	18,166
Additions	1,073	-	2,224	3,297

As at 31 March 2025	5,512	3,763	12,188	21,463

Depreciation
As at 1 April 2024	2,236	3,763	4,742	10,741
Provided during the period	1,208	-	3,047	4,255

As at 31 March 2025	3,444	3,763	7,789	14,996

Net Book Value
As at 31 March 2025	2,068	-	4,399	6,467

As at 1 April 2024	2,203	-	5,222	7,425

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	860,270	790,874
Other debtors	145,400	2,158

	1,005,670	793,032

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	38,314	15,389
Bank loans and overdrafts	9,761	10,048
Other creditors	297,944	245,699
Taxation and social security	144,788	193,895

	490,807	465,031

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,446	12,353

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