Silverfin false false 31/03/2026 01/04/2025 31/03/2026 J Banks 01/07/2019 B W Dalgleish 24/05/2012 R J W Manley 24/05/2012 Russell James Winchester Manley 29 June 2026 The principal activity of the LLP during the financial year was to deliver enduring value to the public sector. OC375527 2026-03-31 OC375527 bus:Director1 2026-03-31 OC375527 bus:Director2 2026-03-31 OC375527 bus:Director3 2026-03-31 OC375527 2025-03-31 OC375527 core:CurrentFinancialInstruments 2026-03-31 OC375527 core:CurrentFinancialInstruments 2025-03-31 OC375527 core:FurnitureFittings 2025-03-31 OC375527 core:ComputerEquipment 2025-03-31 OC375527 core:FurnitureFittings 2026-03-31 OC375527 core:ComputerEquipment 2026-03-31 OC375527 2025-04-01 2026-03-31 OC375527 bus:FilletedAccounts 2025-04-01 2026-03-31 OC375527 bus:SmallEntities 2025-04-01 2026-03-31 OC375527 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC375527 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC375527 bus:Director1 2025-04-01 2026-03-31 OC375527 bus:Director2 2025-04-01 2026-03-31 OC375527 bus:Director3 2025-04-01 2026-03-31 OC375527 bus:Director4 2025-04-01 2026-03-31 OC375527 core:FurnitureFittings 2025-04-01 2026-03-31 OC375527 core:ComputerEquipment core:TopRangeValue 2025-04-01 2026-03-31 OC375527 2024-04-01 2025-03-31 OC375527 core:ComputerEquipment 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Company No: OC375527 (England and Wales)

# P2G LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

P2G LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

P2G LLP

## BALANCE SHEET

As at 31 March 2026
P2G LLP

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,419 |  | 2,036
|  | 2,419 |  | 2,036
Current assets |  |  |  |
Debtors | 4 | 24,173 |  | 225,920
Cash at bank and in hand | 5 | 476,929 |  | 307,646
|  | 501,102 |  | 533,566
Creditors: amounts falling due within one year | 6 | ( 68,357) |  | ( 104,197)
Net current assets |  | 432,745 |  | 429,369
Total assets less current liabilities |  | 435,164 |  | 431,405
Provision for liabilities | 7 | ( 214,759) |  | ( 187,683)
Net assets attributable to members |  | 220,405 |  | 243,722
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Members' capital classified as a liability |  | 4,001 |  | 4,001
Other amounts |  | 216,404 |  | 239,721
|  | 220,405 |  | 243,722
Total members' interests |  |  |  |
Loans and other debts due to members |  | 220,405 |  | 243,722
|  | 220,405 |  | 243,722

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 Profit and Loss Account has not been delivered.

P2G LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of P2G LLP (registered number: OC375527) were approved and authorised for issue by the members on 29 June 2026. They were signed on its behalf by:

Russell James Winchester Manley Designated member |

P2G LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
P2G LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 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

P2G 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 Post Box House, Coldharbour, Dorking, RH5 6HD, United Kingdom. The principal activity of the LLP during the financial year was to deliver enduring value to the public sector.
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 Company and rounded to the nearest £.

##### Going concern

The members have assessed the Balance Sheet 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account 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 debtors are stated at cost less impairment losses for bad and doubtful debts.

##### 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.

##### Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 3 |  | 3

#### 3. Tangible assets

| Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2025 | 3,647 |  | 25,827 |  | 29,474
Additions | 0 |  | 1,248 |  | 1,248
At 31 March 2026 | 3,647 |  | 27,075 |  | 30,722
Accumulated depreciation |  |  |  |  |
At 01 April 2025 | 2,129 |  | 25,309 |  | 27,438
Charge for the financial year | 379 |  | 486 |  | 865
At 31 March 2026 | 2,508 |  | 25,795 |  | 28,303
Net book value |  |  |  |  |
At 31 March 2026 | 1,139 |  | 1,280 |  | 2,419
At 31 March 2025 | 1,518 |  | 518 |  | 2,036

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 22,974 |  | 225,920
Other debtors | 1,199 |  | 0
| 24,173 |  | 225,920

#### 5. Cash and cash equivalents

| 2026 |  | 2025
| £ |  | £
Cash at bank and in hand | 476,929 |  | 307,646

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 2,899 |  | 25,942
Other taxation and social security | 62,194 |  | 75,139
Other creditors | 3,264 |  | 3,116
| 68,357 |  | 104,197

#### 7. Provision for liabilities

#### 8. Provisions

| 2026
| £
At 1 April 2025 | 187,683
Increase (decrease) in existing provisions | 77,076
Provision reversal | (50,000)
| 214,759

The LLP is a social enterprise partnership and 10% of the profits before members' shares must go to the public good. A provision is made for this, in these accounts, and the choice of charity and timing is at the members' discretion.