0 false false false false false false false false false false false false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP OC395401 2024-04-01 2025-03-31 OC395401 2025-03-31 OC395401 2024-03-31 OC395401 2023-04-01 2024-03-31 OC395401 2024-03-31 OC395401 2023-03-31 OC395401 core:MotorVehicles 2024-04-01 2025-03-31 OC395401 bus:Director1 2024-04-01 2025-03-31 OC395401 bus:Director2 2024-04-01 2025-03-31 OC395401 core:MotorVehicles 2024-03-31 OC395401 core:MotorVehicles 2025-03-31 OC395401 core:WithinOneYear 2025-03-31 OC395401 core:WithinOneYear 2024-03-31 OC395401 core:MotorVehicles 2024-03-31 OC395401 bus:SmallEntities 2024-04-01 2025-03-31 OC395401 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC395401 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC395401 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC395401 bus:FullAccounts 2024-04-01 2025-03-31 OC395401 core:OfficeEquipment 2024-04-01 2025-03-31 OC395401 core:OfficeEquipment 2024-03-31 OC395401 core:OfficeEquipment 2025-03-31 OC395401 core:CloseFamilyMember1 2024-04-01 2025-03-31
REGISTERED NUMBER: OC395401

360 Advisory LLP

Filleted Unaudited Financial Statements

31 March 2025

360 Advisory LLP

Financial Statements

Year ended 31 March 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

360 Advisory LLP

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 8,760 | 11,574

Current assets

Debtors | 5 | 4,257 |  | 3,881
Cash at bank and in hand | 129,955 |  | 53,862
| --------- |  | --------
| 134,212 |  | 57,743

Creditors: amounts falling due within one year | 6 | 8,577 |  | 5,074
| --------- |  | --------
Net current assets |  | 125,635 | 52,669
|  | --------- | --------
Total assets less current liabilities |  | 134,395 | 64,243
|  | --------- | --------
Net assets |  | 134,395 | 64,243
|  | --------- | --------

Represented by:
Loans and other debts due to members

Other amounts | 7 |  | 93,975 | 23,823

Members' other interests

Members' capital classified as equity |  | 40,420 | 40,420
Other reserves |  | – | –
|  | --------- | --------
|  | 134,395 | 64,243
|  | --------- | --------

Total members' interests

Loans and other debts due to members | 7 |  | 93,975 | 23,823
Members' other interests |  | 40,420 | 40,420
|  | --------- | --------
|  | 134,395 | 64,243
|  | --------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
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) relating to small LLPs.
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 financial statements .

360 Advisory LLP

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the members and authorised for issue on 4 February 2026 , and are signed on their behalf by:

Mr A De Boisanger | Mr B Robinot
Designated Member | Designated Member

Registered number: OC395401

360 Advisory LLP

Notes to the Financial Statements

Year ended 31 March 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is 51 Holland Street, London, W8 7JB, United Kingdom.

2. | Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Judgements and estimations include depreciation and accruals which are calculated on historic information and based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25% reducing balance
| Equipment | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded and transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. | Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 40,000 | 13,410 | 53,410
Additions | – | 1,146 | 1,146
Disposals | – | ( 8,070) | ( 8,070)
| -------- | -------- | --------
At 31 March 2025 | 40,000 | 6,486 | 46,486
| -------- | -------- | --------
Depreciation |  |  |
At 1 April 2024 | 30,508 | 11,328 | 41,836
Charge for the year | 2,373 | 1,587 | 3,960
Disposals | – | ( 8,070) | ( 8,070)
| -------- | -------- | --------
At 31 March 2025 | 32,881 | 4,845 | 37,726
| -------- | -------- | --------
Carrying amount |  |  |
At 31 March 2025 | 7,119 | 1,641 | 8,760
| -------- | -------- | --------
At 31 March 2024 | 9,492 | 2,082 | 11,574
| -------- | -------- | --------

5. | Debtors

| 2025 | 2024
| £ | £
Other debtors | 4,257 | 3,881
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 4,661 | 260
Social security and other taxes | 365 | 1,264
Other creditors | 3,551 | 3,550
| ------- | -------
| 8,577 | 5,074
| ------- | -------

7. | Loans and other debts due to members

| 2025 | 2024
| £ | £
Amounts owed to members in respect of profits | 93,975 | 23,823
| -------- | --------

8. | Related party transactions

During the year the Partnership received £10,000 (2024: £10,000) from a person who is a close family member to a member of the Partnership.