Petrou & Sons LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC418549

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,805,000		1,805,000

			1,805,000		1,805,000
CURRENT ASSETS
Debtors	5	141,832		124,698
Cash at bank and in hand		23,130		2,461

		164,962		127,159
Creditors: Amounts Falling Due Within One Year	6	(75,753 )		(70,821 )

NET CURRENT ASSETS (LIABILITIES)			89,209		56,338

TOTAL ASSETS LESS CURRENT LIABILITIES			1,894,209		1,861,338

Creditors: Amounts Falling Due After More Than One Year	7		(1,805,000 )		(1,805,000 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			89,209		56,338

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		(192,714)		(192,714)

			(192,714)		(192,714)

Equity
Members' other interests
Members' capital		(83,926)		(32,185)
Other reserves		365,849		281,237

			281,923		249,052

			89,209		56,338

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			(192,714)		(192,714)
Members' other interests			281,923		249,052

			89,209		56,338

Page 1

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Petrou & Sons LLP

Balance Sheet (continued)

As At 31 March 2025

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 Demetris Klitos Petrou

Designated Member

31/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Petrou & Sons LLP is a limited liability partnership, incorporated in England & Wales, registered number OC418549 . The Registered Office is 36 Scotts Road, Bromley, England, BR1 3QD.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Freehold

Over estimated useful live

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2024	1,805,000

As at 31 March 2025	1,805,000

Net Book Value
As at 31 March 2025	1,805,000

As at 1 April 2024	1,805,000

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Petrou & Sons LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	-	10
Other debtors	141,832	124,688

	141,832	124,698

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Other creditors	75,753	70,821

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Other creditors	1,805,000	1,805,000

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