Petgrave Partners LLP

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

Registered number: OC433550

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		58,540		91,311

			58,540		91,311
CURRENT ASSETS
Debtors	5	95,856		56,649
Cash at bank and in hand		187		150

		96,043		56,799
Creditors: Amounts Falling Due Within One Year	6	(5,999 )		(27,382 )

NET CURRENT ASSETS (LIABILITIES)			90,044		29,417

TOTAL ASSETS LESS CURRENT LIABILITIES			148,584		120,728

Creditors: Amounts Falling Due After More Than One Year	7		(110,061 )		(80,371 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			38,523		40,357

REPRESENTED BY:
Loans and other debts due to members
Other amounts		1,134		1,134

			1,134		1,134

Equity
Members' other interests
Members' capital		44,952		44,952
Other reserves		(7,563)		(5,729)

			37,389		39,223

			38,523		40,357

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			1,134		1,134
Members' other interests			37,389		39,223

			38,523		40,357

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Petgrave Partners 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 Ernest Lorenzo Petgrave Designated Member	Mrs Paris Russine Petgrave Designated Member
29/12/2025

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

1. General Information

Petgrave Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC433550 . The Registered Office is Kirkland High Barn Road, Effingham, Surrey, KT24 5PU.

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.

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:

Motor Vehicles

Straight line 20%

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	163,854

As at 31 March 2025	163,854

Depreciation
As at 1 April 2024	72,543
Provided during the period	32,771

As at 31 March 2025	105,314

Net Book Value
As at 31 March 2025	58,540

As at 1 April 2024	91,311

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Petgrave Partners LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	44,500	42,000
Amounts owed by group undertakings	2,658	2,658
Other debtors	48,698	11,991

	95,856	56,649

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	23,081
Trade creditors	2,999	1,301
Other creditors	3,000	3,000

	5,999	27,382

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	80,371
Amounts owed to participating interests	110,061	-

	110,061	80,371

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