P AND CO (PARTNERS) LLP

P AND CO (PARTNERS) LLP
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	152,000	192,000
Tangible fixed assets	4	292,323	519,323
		444,323	711,323
Current assets
Debtors: amounts falling due within one year		522,542	338,086
Cash at bank and in hand		593,489	650,003
		1,116,031	988,089
Creditors: amount falling due within one year		(510,449)	(1,046,805)
Net current assets		605,582	(58,716)

Total assets less current liabilities		1,049,905	652,607
Creditors: amount falling due after more than one year		(484,390)	-
Net assets		565,515	652,607

Represented by:
Loans and other debts due to members	5	465,515	552,607
Members' other interest
Members' capital		100,000	100,000
		100,000	100,000
		565,515	652,607

Total members' interests
Loans and other debts due to members		465,515	552,607
Members' other interests		100,000	100,000
		565,515	652,607

For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:

.............................................................................
S J Pitayanukul
Designated Member
Date approved by the members: 30 December 2025

P AND CO (PARTNERS) LLP
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

P AND CO (PARTNERS) LLP is a limited liability partnership, registered in England and Wales, registration number OC426839, registration address 18 Ensign Street, London, E1 8PA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

2.	Average number of employees Average number of employees during the year was 28 (2024 : 25).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	392,000	392,000
Additions	-	-
Disposals	-	-
At 31 March 2025	392,000	392,000
Amortisation
At 01 April 2024	200,000	200,000
Charge for year	40,000	40,000
On disposals	-	-
At 31 March 2025	240,000	240,000
Net book values
At 31 March 2025	152,000	152,000
At 31 March 2024	192,000	192,000

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2024	1,197,517	1,197,517
Additions	-	-
Disposals	-	-
At 31 March 2025	1,197,517	1,197,517
Depreciation
At 01 April 2024	678,194	678,194
Charge for year	227,000	227,000
On disposals	-	-
At 31 March 2025	905,194	905,194
Net book values
Closing balance as at 31 March 2025	292,323	292,323
Opening balance as at 01 April 2024	519,323	519,323

Members' Interests

	Members' capital	Other reserves	Total	Loans and other debts due to members less any amounts due from members included in debtors	Total

Balance at 01 April 2024	100,000	-	100,000	552,607	652,607
Members' remuneration charged as an expense, including retirement benefit costs	-	-	-	840,671	840,671
Profit for the period available for discretionary division among members	-	840,671	840,671	-	840,671
Members' interests after profit for the period	100,000	840,671	940,671	1,393,278	2,333,949
Other divisions of profits	-	(840,671)	(840,671)	-	(840,671)
Repaid to members	-	-	-	-	-
Drawings	-	-	-	(927,763)	(927,763)
Balance at 31 March 2025	100,000	-	100,000	465,515	565,515

Registered Number: OC426839
England and Wales
P AND CO (PARTNERS) LLP

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025