Company No: OC374924 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	Steven Cracknell
	Robert Davies
	Anna Mann
	Kieran Prior
	Vanessa Timken-Stelling
	Mark Woodhouse

Registered office	Flat A01
	6 Wardrobe Place
	London
	EC4V 5AF
	London
	United Kingdom

Registered number

OC374924 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2025		2024
		£		£
Current assets
Debtors
- due after more than one year	3	160,032		161,900
		160,032		161,900
Creditors: amounts falling due within one year	4	( 11,721)		( 9,321)
Net current assets		148,311		152,579
Total assets less current liabilities		148,311		152,579
Net assets attributable to members		148,311		152,579
Represented by
Loans and other debts due to members after more than one year
Other amounts		598,527		598,527
		598,527		598,527
Members' other interests
Members' capital classified as equity		1,900,200		1,900,200
Other reserves		(2,350,416)		(2,346,148)
		(450,216)		(445,948)
		148,311		152,579
Total members' interests
Amounts due from members (included in debtors)		(160,032)		(161,900)
Loans and other debts due to members		598,527		598,527
Members' other interests		(450,216)		(445,948)
		(11,721)		(9,321)

For the financial year ending 31 May 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.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pri Arc LLP (registered number: OC374924) were approved and authorised for issue by the members on 29 May 2026. They were signed on its behalf by:

Steven Cracknell Designated member

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors	Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Other amounts	Total
	£	£	£	£	£
Amounts due to members				598,527
Amounts due from members				(165,933)
Balance at 01 June 2023	1,900,200	(2,341,624)	(441,424)	432,594	(8,830)
Loss for the financial year available for discretionary division among members	0	(4,524)	(4,524)	0	(4,524)
Members' interest after loss for the financial year	1,900,200	(2,346,148)	(445,948)	432,594	(13,354)
Amounts introduced by members	0	0	0	4,033	4,033
Amounts due to members				598,527
Amounts due from members				(161,900)
Balance at 31 May 2024	1,900,200	(2,346,148)	(445,948)	436,627	(9,321)
Loss for the financial year available for discretionary division among members	0	(4,268)	(4,268)	0	(4,268)
Members' interest after loss for the financial year	1,900,200	(2,350,416)	(450,216)	436,627	(13,589)
Funds Introduced by Members	0	0	0	1,868	1,868
Amounts due to members				598,527
Amounts due from members				(160,032)
Balance at 31 May 2025	1,900,200	(2,350,416)	(450,216)	438,495	(11,721)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pri Arc LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Flat A01, 6 Wardrobe Place, London, EC4V 5AF, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of comprehensive income.

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense' where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	0		0

3. Debtors

	2025		2024
	£		£
Debtors: amounts falling due after more than one year
Other debtors	160,032		161,900

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,300		0
Other creditors	8,421		9,321
	11,721		9,321