PSA PARTNERS LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC371174

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,974		4,751

			5,974		4,751
CURRENT ASSETS
Debtors	5	2,087		2,400
Cash at bank and in hand		33,720		29,638

		35,807		32,038
Creditors: Amounts Falling Due Within One Year	6	(20,802 )		(23,071 )

NET CURRENT ASSETS (LIABILITIES)			15,005		8,967

TOTAL ASSETS LESS CURRENT LIABILITIES			20,979		13,718

Creditors: Amounts Falling Due After More Than One Year	7		(5,203 )		(4,786 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			15,776		8,932

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		129,382		129,382

			129,382		129,382

Equity
Members' other interests
Members' capital		(696,696)		(466,245)
Other reserves		583,090		345,795

			(113,606)		(120,450)

			15,776		8,932

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			129,382		129,382
Members' other interests			(113,606)		(120,450)

			15,776		8,932

Page 1

Page 2

PSA PARTNERS LLP

Balance Sheet (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 Profit and Loss Account.

On behalf of the members

Mr Philip Kenneth ANDREWS Designated Member	Mrs Sarah ANDREWS Designated Member
08/04/2025

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

1. General Information

PSA PARTNERS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC371174 . The Registered Office is Berbury, Morella Close, England, Virginia Water, Surrey, GU25 4AT.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Fixtures & Fittings	25%
Computer Equipment	25%

3. Average Number of Employees

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

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	4,802	12,521	17,323
Additions	-	2,674	2,674

As at 31 March 2025	4,802	15,195	19,997

Depreciation
As at 1 April 2024	3,352	9,220	12,572
Provided during the period	363	1,088	1,451

As at 31 March 2025	3,715	10,308	14,023

Net Book Value
As at 31 March 2025	1,087	4,887	5,974

As at 1 April 2024	1,450	3,301	4,751

Page 3

Page 4

PSA PARTNERS LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,087	2,400

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,352	10,882
Bank loans and overdrafts	-	4,177
VAT	12,400	6,962
Accruals and deferred income	1,050	1,050

	20,802	23,071

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

	2025	2024
	£	£
Bank loans	5,203	4,786

Page 4