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Registration number: OC446314

PPR Enterprises LLP
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

PPR Enterprises LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 6
Balance Sheet | 2
Notes to the Financial Statements | 4

PPR Enterprises LLP

Limited liability partnership information

Designated members | P H Reynolds P J Reynolds

Registered office | The New Barn Mill Lane Eastry Sandwich Kent CT13 0JW

Accountants | Batchelor Coop Ltd The New Barn Mill Lane Eastry Kent CT13 0JW

PPR Enterprises LLP

(Registration number: OC446314)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 3 | 10,080 | 11,340
Current assets |  |  |
Stocks | 4 | 1,744 | 1,083
Cash and short-term deposits |  | 3,067 | 3,181
|  | 4,811 | 4,264
Creditors: Amounts falling due within one year | 5 | (1,890) | (1,773)
Net current assets |  | 2,921 | 2,491
Net assets attributable to members |  | 13,001 | 13,831
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 13,001 | 13,831
|  | 13,001 | 13,831
Total members' interests |  |  |
Loans and other debts due to members |  | 13,001 | 13,831
|  | 13,001 | 13,831

PPR Enterprises LLP

(Registration number: OC446314)
Balance Sheet as at 31 March 2025

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of PPR Enterprises LLP (registered number OC446314) were approved by the Board and authorised for issue on 12 January 2026. They were signed on behalf of the limited liability partnership by:

......................................... P H Reynolds Designated member | ......................................... P J Reynolds Designated member |

PPR Enterprises LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of PPR Enterprises LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

PPR Enterprises LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class | Amortisation method and rate
Franchise cost | over the period of the agreement

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2024 - 0).

PPR Enterprises LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3 | Intangible fixed assets

| Franchise costs £ | Total £
Cost |  |
At 1 April 2024 | 12,600 | 12,600
At 31 March 2025 | 12,600 | 12,600
Amortisation |  |
At 1 April 2024 | 1,260 | 1,260
Charge for the year | 1,260 | 1,260
At 31 March 2025 | 2,520 | 2,520
Net book value |  |
At 31 March 2025 | 10,080 | 10,080
At 31 March 2024 | 11,340 | 11,340

4 | Stocks

| 2025 £ | 2024 £
Stocks | 1,744 | 1,083

5 | Creditors: Amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 630 | 603
Accruals and deferred income | 1,260 | 1,170
| 1,890 | 1,773