The One With The Diamond Art LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: OC448563

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,480		28,281

			21,480		28,281
CURRENT ASSETS
Stocks	5	3,725		3,725
Debtors	6	41,278		-
Cash at bank and in hand		16,772		32,938

		61,775		36,663
Creditors: Amounts Falling Due Within One Year	7	(45,515 )		(35,492 )

NET CURRENT ASSETS (LIABILITIES)			16,260		1,171

TOTAL ASSETS LESS CURRENT LIABILITIES			37,740		29,452

Creditors: Amounts Falling Due After More Than One Year	8		(36,790 )		(41,795 )

NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS			950		(12,343 )

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		31,350		27,184

			31,350		27,184

Equity
Members' other interests
Members' capital		(26,234)		(39,527)
Other reserves		(4,166)		-

			(30,400)		(39,527)

			950		(12,343)

TOTAL MEMBERS' INTEREST
Amounts due from members			(41,278)		-
Loans and other debts due to members within one year			31,350		27,184
Members' other interests			(30,400)		(39,527)

			(40,328)		(12,343)

Page 1

Page 2

The One With The Diamond Art LLP

Statement of Financial Position (continued)

As At 31 August 2025

For the year ending 31 August 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 Income Statement.

On behalf of the members

Miss Megan Howard

Designated Member

14th May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The One With The Diamond Art LLP is a limited liability partnership, incorporated in England & Wales, registered number OC448563 . The Registered Office is 2a Connaught Avenue, London, E4 7AA.

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 May 2024 (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.

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:

Motor Vehicles	25% RBM
Computer Equipment	25% RBM

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

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

Page 3

Page 4

The One With The Diamond Art LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2024	37,175	534	37,709
Additions	-	358	358

As at 31 August 2025	37,175	892	38,067

Depreciation
As at 1 September 2024	9,294	134	9,428
Provided during the period	6,970	189	7,159

As at 31 August 2025	16,264	323	16,587

Net Book Value
As at 31 August 2025	20,911	569	21,480

As at 1 September 2024	27,881	400	28,281

5. Stocks

	31 August 2025	31 August 2024
	£	£
Finished goods	3,725	3,725

6. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Amounts due from members	41,278	-

7. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Trade creditors	40,515	32,951
VAT	2,752	2,541
Accruals and deferred income	2,248	-

	45,515	35,492

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

	31 August 2025	31 August 2024
	£	£
Net obligations under finance lease and hire purchase contracts	36,790	41,795

Page 4

Page 5

The One With The Diamond Art LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Obligations Under Finance Leases and Hire Purchase

	31 August 2025	31 August 2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	36,790	41,795
Later than five years	-	-

	36,790	41,795

	36,790	41,795

Page 5