Subtractor LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC449474

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,618		489

			3,618		489
CURRENT ASSETS
Debtors	5	6,000		15,263
Cash at bank and in hand		10,190		14,254

		16,190		29,517
Creditors: Amounts Falling Due Within One Year	6	(4,643 )		(6,236 )

NET CURRENT ASSETS (LIABILITIES)			11,547		23,281

TOTAL ASSETS LESS CURRENT LIABILITIES			15,165		23,770

NET ASSETS ATTRIBUTABLE TO MEMBERS			15,165		23,770

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		15,165		23,770

			15,165		23,770

			15,165		23,770

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			15,165		23,770

			15,165		23,770

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Page 2

Subtractor LLP

Balance Sheet (continued)

As At 31 March 2026

For the 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 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

Philip Seddon

Designated Member

06/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Subtractor LLP is a limited liability partnership, incorporated in England & Wales, registered number OC449474 . The Registered Office is 128 City Road, London, EC1V 2NX.

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 derived from the provision of graphic design services.

Rendering of services

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:

Computer Equipment

25%

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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2025: NIL)

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Subtractor LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	533
Additions	4,121

As at 31 March 2026	4,654

Depreciation
As at 1 April 2025	44
Provided during the period	992

As at 31 March 2026	1,036

Net Book Value
As at 31 March 2026	3,618

As at 1 April 2025	489

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,000	2,987
Prepayments and accrued income	-	12,276

	6,000	15,263

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
VAT	3,293	5,031
Accruals and deferred income	1,350	1,205

	4,643	6,236

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