Otherwise Partners LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC453971

		31 December 2025
	Notes	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	433,555
Cash at bank and in hand		964,149

		1,397,704
Creditors: Amounts Falling Due Within One Year	6	(653,927 )

NET CURRENT ASSETS (LIABILITIES)			743,777

TOTAL ASSETS LESS CURRENT LIABILITIES			743,777

NET ASSETS ATTRIBUTABLE TO MEMBERS			743,777

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		743,777

			743,777

			743,777

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			743,777

			743,777

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Otherwise Partners LLP

Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 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 Profit and Loss Account.

On behalf of the members

Victoria Davies

Designated Member

22nd June 2026

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

1. General Information

Otherwise Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC453971 . The Registered Office is 5th Floor, 40 Queen Street, London, EC4R 1DD.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Leasehold	over the life of the lease
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

2.5. Pensions

The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: 5

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Otherwise Partners LLP

Notes to the Financial Statements (continued)

For the Period 2 October 2024 to 31 December 2025

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 2 October 2024	-	-	-	-
Additions	5,130	4,797	9,858	19,785
Disposals	(5,130 )	(4,797 )	(9,858 )	(19,785 )

As at 31 December 2025	-	-	-	-

Depreciation
As at 2 October 2024	-	-	-	-
Provided during the period	1,946	3,016	4,157	9,119
Disposals	(1,946 )	(3,016 )	(4,157 )	(9,119 )

As at 31 December 2025	-	-	-	-

Net Book Value
As at 31 December 2025	-	-	-	-

As at 2 October 2024	-	-	-	-

5. Debtors

	31 December 2025
	£
Due within one year
Trade debtors	236,557
Other debtors	196,998

	433,555

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Otherwise Partners LLP

Notes to the Financial Statements (continued)

For the Period 2 October 2024 to 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025
	£
Trade creditors	23,281
Other creditors	562,084
Taxation and social security	68,562

	653,927

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