PTO Climate Control LLP

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: OC381951

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

TOTAL ASSETS LESS CURRENT LIABILITIES			-		-

NET ASSETS ATTRIBUTABLE TO MEMBERS			-		-

REPRESENTED BY:
Loans and other debts due to members within one year			-		-
			-		-

TOTAL MEMBERS' INTEREST
			-		-

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 T J Green

Designated Member

24 December 2025

The notes on page 2 form part of these financial statements.

1. General Information

PTO Climate Control LLP is a limited liability partnership, incorporated in England & Wales, registered number OC381951 . The Registered Office is Units 5-6 Eden Court, Eden Way, Leighton Buzzard, LU7 4FY.

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.

The LLP is currently non-trading and has not entered into any accounting transactions during the financial year. All operational activity and related assets were transferred to 361 Degrees Ltd on 31st October 2024.

2.2. Turnover

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

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was purchased on the 31st December 2021 and will be amortised to the profit and loss account over its estimated economic life of ten years. The goodwill was sold on 31st October 2024.

2.4. 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	20% on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	20% on cost
Computer Equipment	20% on cost

3. Average Number of Employees

The average number of employees during the year was NIL (2024: 32)

4. Loans and other debts due to members

Loans and other debts due to members would rank equally in relation to other unsecured creditors.

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