REGISTERED NUMBER: OC386932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Parrys Rentals (Abergavenny) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs H A Cook

Ms V E Reece

REGISTERED OFFICE:

21 Nevill Street

Abergavenny

Monmouthshire

NP7 5AA

REGISTERED NUMBER:

OC386932 (England and Wales)

ACCOUNTANTS:

Golden Valley Accountancy Limited

Unit 4

Westwood Industrial Estate

Pontrilas

Herefordshire

HR2 0EL

FIXED ASSETS

Intangible assets

4

10,000

15,000

Tangible assets

5

2,948

3,589

12,948

18,589

CURRENT ASSETS

Debtors

6

79,884

80,853

Cash at bank and in hand

841

1,012

80,725

81,865

CREDITORS

Amounts falling due within one year

7

47,585

47,223

NET CURRENT ASSETS

33,140

34,642

TOTAL ASSETS LESS CURRENT LIABILITIES

46,088

53,231

CREDITORS

Amounts falling due after more than one year

8

1,088

8,231

NET ASSETS ATTRIBUTABLE TO MEMBERS

45,000

45,000

LOANS AND OTHER DEBTS DUE TO MEMBERS

45,000

45,000

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

45,000

45,000

Amounts due from members

6

(78,755

)

(78,881

)

(33,755

)

(33,881

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

Ms V E Reece - Designated member

1.	STATUTORY INFORMATION

Parrys Rentals (Abergavenny) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

35,000

Charge for year

5,000

At 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

10,000

At 31 March 2024

15,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

10,418

DEPRECIATION

At 1 April 2024

6,829

Charge for year

641

At 31 March 2025

7,470

NET BOOK VALUE

At 31 March 2025

2,948

At 31 March 2024

3,589

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,129

1,972

Other debtors

78,755

78,881

79,884

80,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,042

7,598

Trade creditors

4,154

4,899

Taxation and social security

10,945

8,890

Other creditors

25,444

25,836

47,585

47,223

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,088

8,231