REGISTERED NUMBER: OC427192 (England and Wales)

Unaudited financial statements for the year ended 31 March 2025

For

Parker Russell UK LLP

Page

General Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr J Parker

Mrs L WU

Ms A Samardzic

REGISTERED OFFICE:

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

REGISTERED NUMBER:

OC427192 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Parker Russell UK LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Parker Russell UK LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parker Russell UK LLP and state those matters that we have agreed to state to the members of Parker Russell UK LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parker Russell UK LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Parker Russell UK LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parker Russell UK LLP. You consider that Parker Russell UK LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parker Russell UK LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

20 December 2025

Fixed assets

Tangible assets

4

267,041

179,655

Current assets

Stocks

12,000

4,700

Debtors

5

125,664

69,327

137,664

74,027

Creditors

Amounts falling due within one year

6

224,960

76,683

Net current liabilities

(87,296

)

(2,656

)

Total assets less current liabilities

179,745

176,999

Creditors

Amounts falling due after more than one year

7

106,137

103,696

Net assets attributable to members

73,608

73,303

Loans and other debts due to members

8

73,608

73,303

Total members' interests

Loans and other debts due to members

8

73,608

73,303

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 20 December 2025 and were signed by:

Ms A Samardzic - Designated member

1.	STATUTORY INFORMATION

Parker Russell UK 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.

TANGIBLE FIXED ASSETS

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

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machiner

etc

£

COST

At 1 April 2024

322,240

Additions

159,140

Disposals

(84,000

)

At 31 March 2025

397,380

DEPRECIATION

At 1 April 2024

142,585

Charge for year

45,754

Eliminated on disposal

(58,000

)

At 31 March 2025

130,339

NET BOOK VALUE

At 31 March 2025

267,041

At 31 March 2024

179,655

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

125,664

69,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

14,168

14,168

Trade creditors

122,681

47,000

Taxation and social security

87,098

15,502

Other creditors

1,013

13

224,960

76,683

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

105,883

102,885

Other creditors

254

811

106,137

103,696

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The amount in the sum of £73,608 was due to the LLP member Mr J Parker.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Parker.