Peter Jarman LLP

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

Registered number: OC388238

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,614		39,538

			31,614		39,538
CURRENT ASSETS
Stocks	5	12,262		14,136
Debtors	6	255,567		344,451
Cash at bank and in hand		593,256		484,505

		861,085		843,092
Creditors: Amounts Falling Due Within One Year	7	(499,366 )		(565,027 )

NET CURRENT ASSETS (LIABILITIES)			361,719		278,065

TOTAL ASSETS LESS CURRENT LIABILITIES			393,333		317,603

Creditors: Amounts Falling Due After More Than One Year	8		(28,053 )		(38,062 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			365,280		279,541

REPRESENTED BY:
Loans and other debts due to members
Other amounts		265,280		179,541

			265,280		179,541

Equity
Members' other interests
Members' capital		100,000		100,000

			100,000		100,000

			365,280		279,541

TOTAL MEMBERS' INTEREST
Amounts due from members			(110,874)		(179,058)
Loans and other debts due to members			265,280		179,541
Members' other interests			100,000		100,000

			254,406		100,483

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Peter Jarman LLP

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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

Mr P R Jarman

Designated Member

30/07/2026

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

1. General Information

Peter Jarman LLP is a limited liability partnership, incorporated in England & Wales, registered number OC388238 . The Registered Office is 1 Harbour House, Harbour Way, Shoreham By Sea, West Sussex, BN43 5HZ.

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 represents the net amounts charged to customers for goods and services provided during the accounting period, excluding value added tax, as adjusted for work in progress.

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:

Plant & Machinery	25% on reducing balance
Motor Vehicles	20% on reducing balance

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 profit and loss account 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 profit and loss account 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 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.

2.7. 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.

2.8. Information in Relation to Members

No remuneration due to members has been charged as an expense in the income statement.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 23 (2024: 23)

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Peter Jarman LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	10,968	61,245	72,213

As at 31 October 2025	10,968	61,245	72,213

Depreciation
As at 1 November 2024	10,627	22,048	32,675
Provided during the period	85	7,839	7,924

As at 31 October 2025	10,712	29,887	40,599

Net Book Value
As at 31 October 2025	256	31,358	31,614

As at 1 November 2024	341	39,197	39,538

5. Stocks

	2025	2024
	£	£
Work in progress	12,262	14,136

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	137,339	154,584
Other debtors	118,228	189,867

	255,567	344,451

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,450	6,450
Trade creditors	183,511	200,831
Bank loans and overdrafts	5,843	10,001
Other creditors	157,841	226,813
Taxation and social security	145,721	120,932

	499,366	565,027

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Peter Jarman LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,053	32,204
Bank loans	-	5,858

	28,053	38,062

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	5,843	10,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	5,858

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,450	6,450
Later than one year and not later than five years	28,053	32,204

	34,503	38,654

	34,503	38,654

11. Loans and Other Debts Due to Members

Loans and other debts due to members (other than members' capital classified as debt) would rank pari-passu with other creditors in the event of a winding up of the company.

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