Garo & Co UK LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC417316 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2026

for

GARO & CO UK LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Ms C Der Garabedian

L Zacharias

REGISTERED OFFICE:

27 Daventry Street

London

NW1 6TD

REGISTERED NUMBER:

OC417316 (England and Wales)

ACCOUNTANTS:

Garo & Co UK LLP

Chartered Certified Accountants

27 Daventry Street

London

NW1 6TD

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

1,729

1,333

1,730

1,334

CURRENT ASSETS

Debtors

13,304

19,011

Cash at bank

38,097

45,424

51,401

64,435

CREDITORS

Amounts falling due within one year

20,554

25,133

NET CURRENT ASSETS

30,847

39,302

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,577

40,636

CREDITORS

Amounts falling due after more than one
year

-

8,067

NET ASSETS ATTRIBUTABLE TO
MEMBERS

32,577

32,569

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

32,557

32,549

MEMBERS' OTHER INTERESTS

Capital accounts

20

32,577

32,569

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

32,557

32,549

Members' other interests

20

32,577

32,569

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 August 2026 and were signed by:

L Zacharias - Designated member

Ms C Der Garabedian - Designated member

1.	STATUTORY INFORMATION

Garo & Co UK LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition

Revenue is recognised to the extent that it is probable that economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable excluding discounts, rebates and VAT.

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 the following conditions are satisfied:

(a) the amount of revenue can be measured reliably;

(b) it is probable that the economic benefits associated with the transaction will flow to the entity;

(c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

(d) the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Going concern

The members have assessed that there are no significant doubts in the LLP's ability to continue as a going concern.

As a result, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

26,000

AMORTISATION

At 1 April 2025

and 31 March 2026

25,999

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

3,051

Additions

1,237

At 31 March 2026

4,288

DEPRECIATION

At 1 April 2025

1,718

Charge for year

841

At 31 March 2026

2,559

NET BOOK VALUE

At 31 March 2026

1,729

At 31 March 2025

1,333

6.	SECURED DEBTS

The bank loan included under creditors is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme (BBLS).

The bank loan bears interest of 2.5% per annum.

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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