Limited Liability Partnership registration number OC353820 (England and Wales)
AGENCY PARTNERS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
AGENCY PARTNERS LLP
CONTENTS
Page
Balance sheet
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 7
AGENCY PARTNERS LLP
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,328
24,869
Current assets
Debtors
4
45,460
4,795
Cash at bank and in hand
423,153
314,938
468,613
319,733
Creditors: amounts falling due within one year
5
(137,054)
(64,265)
Net current assets
331,559
255,468
Total assets less current liabilities and net assets attributable to members
349,887
280,337
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
336,165
266,615
Members' other interests
Members' capital classified as equity
13,722
13,722
349,887
280,337

For the financial year ended 31 March 2026 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 16 July 2026 and are signed on their behalf by:
16 July 2026
Mr P. Miskin
Designated member
Limited Liability Partnership registration number OC353820 (England and Wales)
AGENCY PARTNERS LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2026
£
£
£
£
£
£
Members' interests at 1 April 2025
13,722
-
13,722
266,615
266,615
280,337
Profit for the financial year available for discretionary division among members
-
338,810
338,810
-
-
338,810
Members' interests after profit for the year
13,722
338,810
352,532
266,615
266,615
619,147
Allocation of profit for the financial year
-
(338,810)
(338,810)
338,810
338,810
-
Drawings
-
-
-
(269,260)
(269,260)
(269,260)
Members' interests at 31 March 2026
13,722
-
13,722
336,165
336,165
349,887
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.
AGENCY PARTNERS LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other reserves
Total
Other amounts
Total
Total
2025
£
£
£
£
£
£
Members' interests at 1 April 2024
13,722
-
13,722
297,371
297,371
311,093
Profit for the financial year available for discretionary division among members
-
288,636
288,636
-
-
288,636
Members' interests after profit for the year
13,722
288,636
302,358
297,371
297,371
599,729
Allocation of profit for the financial year
-
(288,636)
(288,636)
288,636
288,636
-
Drawings
-
-
-
(319,392)
(319,392)
(319,392)
Members' interests at 31 March 2025
13,722
-
13,722
266,615
266,615
280,337
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.
AGENCY PARTNERS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Limited liability partnership information

Agency Partners LLP is a limited liability partnership incorporated in England and Wales. The registered office is 3 Coldbath Square, London, EC1R 5HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2022, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable the the LLP will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measure reliably.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

AGENCY PARTNERS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% straight line
Computer equipment
33% straight line
Motor vehicles
20% straight line

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 recognised in the profit and loss account.

1.5
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 current liabilities.

1.6
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

AGENCY PARTNERS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2
Employees

The average number of persons (including members) employed by the partnership during the year was:

2026
2025
Number
Number
8
8
3
Tangible fixed assets
Office equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025
7,018
40,670
45,477
93,165
Additions
2,414
5,691
-
8,105
At 31 March 2026
9,432
46,361
45,477
101,270
Depreciation and impairment
At 1 April 2025
3,537
36,408
28,351
68,296
Depreciation charged in the year
1,482
4,069
9,095
14,646
At 31 March 2026
5,019
40,477
37,446
82,942
Carrying amount
At 31 March 2026
4,413
5,884
8,031
18,328
At 31 March 2025
3,481
4,262
17,126
24,869
AGENCY PARTNERS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
40,354
1
Other debtors
1,197
706
Prepayments and accrued income
3,909
4,088
45,460
4,795
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
18,670
8,928
Other taxation and social security
18,569
13,772
Accruals and deferred income
99,815
41,565
137,054
64,265
6
Loans and other debts due to members
2026
2025
£
£
Analysis of loans
Amounts falling due within one year
336,165
266,615

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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