Registered number: OC367929
Unaudited financial statements
for the year ended 31 March 2025
for
5 Rings Energy Llp
Pages for filing with the Registrar
Registered number: OC367929
5 Rings Energy Llp
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Tangible assets 4 1,200 -
1,200 -
Current assets
Debtors 1,274 210
Cash at bank and in hand 809 6,442
2,083 6,652
Creditors: amounts falling due within one
year 		(851) (54)
Net current assets 1,232 6,598
Total assets less current liabilities 2,432 6,598
NET ASSETS ATTRIBUTABLE TO
MEMBERS 		2,432 6,598
Represented by:
Loans and other debts due to members
Members' capital classified as a liability 2,432 6,598
2,432 6,598
Members' total interests
Amounts due from members (1,116) -
Loans and other debts due to members 2,432 6,598
1,316 6,598
The LLP was 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 relating to small LLPs for the year ended 31 March 2025.
The members acknowledge their responsibilities to comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 in respect to accounting records and the preparation of financial statements.
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Registered number: OC367929
5 Rings Energy Llp
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the members and authorised for issue on 29 December 2025 and signed on their behalf by:
Mr P Raynsford, Designated Member
29 December 2025
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5 Rings Energy Llp
Notes to the financial statements
for the year ended 31 March 2025
1 General information
5 Rings Energy Llp is a limited liability partnership registered in England and Wales. Its registered number is OC367929. Its registered office is 6 Grove Road, Worthing, BN14 9DG.
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 and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer euipment:
Computer equipment - 20% reducing balance
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5 Rings Energy Llp
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Members' transactions with the LLP
Members are regarded as both owners and workers of the LLP. The distinction between amounts arising from ownership and those arising from remuneration is based on the terms of the Members' Agreement.

Amounts due to or from members are included as members' balances within creditors or debtors as appropriate.

Remuneration and profit shares due to members are accounted for as an expense of the LLP only if they are payable under an employment-type relationship, or if they represent a liability at the balance sheet date under the Members' Agreement.

Drawings by members are treated as reductions of members' capital or current accounts.
Interest and other amounts charged to or by members are recognised in the profit and loss account in the period to which they relate.

Taxation on members' personal income is the responsibility of the individual members and is not accounted for within these financial statements.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Tangible fixed assets
Computer
euipment
£
Cost
Additions 1,500
At 31 March 2025 1,500
Depreciation
Charge for year 300
At 31 March 2025 300
Net book value
At 31 March 2025 1,200
At 31 March 2024 -
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5 Rings Energy Llp
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Basis of preparation – additional disclosure
In the current year the LLP has prepared its financial statements in accordance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland, including Section 1A Small Entities and the Statement of Recommended Practice – Accounting by Limited Liability Partnerships.

The LLP's previous financial statements were prepared under full FRS 102. The adoption of Section 1A reflects the LLP's qualification as a small entity and has resulted only in reduced disclosure requirements. There has been no change in recognition or measurement policies and the transition has no material effect on the financial position or performance reported.
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