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REGISTERED NUMBER: OC329960 (England and Wales)

Report of the Members and

Financial Statements for the Year Ended 31 March 2025

for

Prestons and Jacksons Partnership LLP

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

General Information | 1 |

Report of the Members | 2 |

Income Statement | 3 |

Other Comprehensive Income | 4 |

Balance Sheet | 5 |

Notes to the Financial Statements | 7 |

Prestons and Jacksons Partnership LLP

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | Anver Patel

| A Mehta

| REGISTERED OFFICE: | 364-368 Cranbrook Road

| Gants Hill

| Ilford

| Essex

| IG2 6HY

| REGISTERED NUMBER: | OC329960 (England and Wales)

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Report of the Members

for the Year Ended 31 March 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Provision of Accountancy services to the charity sector.

DESIGNATED MEMBERS

The designated members during the year under review were:

Anver Patel

A Mehta

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £36,720 (2024 - £12,723 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Anver Patel - Designated member

31 January 2026

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Income Statement

for the Year Ended 31 March 2025

| 31.3.25 | 31.3.24 |

£ | £ | £ | £ |

TURNOVER | 173,609 |  | 139,630 |  |

Distribution costs | 8,575 |  | 6,800 |  |

Administrative expenses | 128,314 |  | 119,697 |  |

|  | 136,889 |  |  |  | 126,497 |  |

OPERATING PROFIT | 36,720 |  | 13,133 |  |

Interest payable and similar expenses | - |  | 410 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 36,720 |  | 12,723 |  |

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Other Comprehensive Income

for the Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Notes | £ | £ |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 36,720 |  | 12,723 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 36,720 |  | 12,723 |  |

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 180,498 |  | 180,498 |  |

CURRENT ASSETS

Debtors | 5 | 27,399 |  | 20,354 |  |

Cash at bank | 25,544 |  | 23,847 |  |

52,943 |  | 44,201 |  |

CREDITORS

Amounts falling due within one year | 6 | 166,685 |  | 143,446 |  |

NET CURRENT LIABILITIES | (113,742 | ) | (99,245 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 66,756 |  | 81,253 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 7,000 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 66,756 |  | 74,253 |  |

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Balance Sheet - continued

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 66,756 |  | 74,253 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 66,756 |  | 74,253 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 31 January 2026 and were signed by:

Anver Patel - Designated member

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Prestons and Jacksons Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Current Investment | 180,498 |  | 180,498 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 11,033 |  | 6,686 |  |

| Other debtors | 16,366 |  | 13,668 |  |

27,399 |  | 20,354 |  |

Prestons and Jacksons Partnership LLP (Registered number: OC329960)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 6,500 |  | 6,000 |  |

| Taxation and social security | 16,695 |  | 14,206 |  |

| Other creditors | 143,490 |  | 123,240 |  |

166,685 |  | 143,446 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | - |  | 7,000 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.