Company No: OC373355 (England and Wales)

Contents

• Statement of Financial Position
• Reconciliation of Members' Interests
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Current assets
Debtors	3	581,901		601,858
Cash at bank and in hand		104,787		652,990
		686,688		1,254,848
Creditors: amounts falling due within one year	4	( 460,757)		( 576,605)
Net current assets		225,931		678,243
Total assets less current liabilities		225,931		678,243
Net assets attributable to members		225,931		678,243
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		150,931		578,243
		150,931		578,243
Members' other interests
Members' capital classified as equity		75,000		100,000
		75,000		100,000
		225,931		678,243
Total members' interests
Loans and other debts due to members		150,931		578,243
Members' other interests		75,000		100,000
		225,931		678,243

For the financial year ending 31 March 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements of Concerto Partners LLP (registered number: OC373355) were approved and authorised for issue by the members on 16 June 2026. They were signed on its behalf by:

Apm Management Solutions Ltd 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)	Equity reserves	Total	Members' capital (classified as debt)	Total
	£	£	£	£	£
Amounts due to members				670,331
Balance at 01 April 2024	100,000	0	100,000	670,331	770,331
Members' interest after profit for the financial year	100,000	0	100,000	670,331	770,331
Profit for the year	0	894,123	894,123	0	894,123
Transfer of profit	0	(894,123)	(894,123)	894,123	0
Drawings	0	0	0	(986,211)	(986,211)
Amounts due to members				578,243
Balance at 31 March 2025	100,000	0	100,000	578,243	678,243
Members' interest after profit for the financial year	100,000	0	100,000	578,243	678,243
Introduced by members	(25,000)	0	(25,000)	25,000	0
Profit for the year	0	317,060	317,060	0	317,060
Transfer of profit	0	(317,060)	(317,060)	317,060	0
Drawings	0	0	0	(733,043)	(733,043)
Transfer of balance owed to exiting partner to Other Creditors	0	0	0	(36,329)	(36,329)
Amounts due to members				150,931
Balance at 31 March 2026	75,000	0	75,000	150,931	225,931

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

Concerto Partners 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 Uncommon, 1 Long Lane, London, SE1 4PG, 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 £.

Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the LLP during the year	7		6

3. Debtors

	2026		2025
	£		£
Trade debtors	552,825		441,195
Prepayments and accrued income	29,076		160,663
	581,901		601,858

4. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	288,828		374,571
Accruals	22,535		34,827
Other taxation and social security	113,065		167,207
Other creditors	36,329		0
	460,757		576,605