Company No: OC446103 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Notes to the Financial Statements

DESIGNATED MEMBERS	M L Greenwood
	G N Greenwood

REGISTERED OFFICE	Flat 2
	1-2 Wilton Terrace
	London
	SW1X 8RR
	United Kingdom

REGISTERED NUMBER

OC446103 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
Current assets
Stocks	3	0		9,242
Debtors	4	113		252
Cash at bank and in hand		564		1,440
		677		10,934
Creditors: amounts falling due within one year	5	( 3,145)		( 3,098)
Net current (liabilities)/assets		(2,468)		7,836
Total assets less current liabilities		(2,468)		7,836
Net (liabilities)/assets attributable to members		( 2,468)		7,836
Represented by
Loans and other debts due to members within one year
Other amounts		9,536		18,004
		9,536		18,004
Members' other interests
Other reserves		(12,004)		(10,168)
		(12,004)		(10,168)
		(2,468)		7,836
Total members' interests
Loans and other debts due to members		9,536		18,004
Members' other interests		(12,004)		(10,168)
		(2,468)		7,836

For the financial 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of 1 of A LLP (registered number: OC446103) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

G N Greenwood Designated member

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

1 of A LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Flat 2, 1-2 Wilton Terrace, London, SW1X 8RR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of 1 of A LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the LLP operates.

Going concern

In 2025 the members made the decision that the LLP would cease trading as of 31st March 2025. As a result, the financial statements have been prepared on a basis other than the going concern basis of preparation. The members have included in the financial statements any provision for costs of terminating the business, which were committed to at the Balance Sheet date and where appropriate, the LLP's assets have been written down to their net realisable value.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Stocks

	2025		2024
	£		£
Stocks	0		9,242

4. Debtors

	2025		2024
	£		£
Trade debtors	0		252
Other debtors	113		0
	113		252

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other taxation and social security	10		208
Other creditors	3,135		2,890
	3,145		3,098