Pelican Partners (Peterborough) LLP

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

Registered number: OC306024

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	4	428,949		604,177
Cash at bank and in hand		132,787		671,220

		561,736		1,275,397
Creditors: Amounts Falling Due Within One Year	5	(573,725 )		(985,633 )

NET CURRENT ASSETS (LIABILITIES)			(11,989 )		289,764

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,989 )		289,764

NET (LIABILITIES)/ASSETS ATTRIBUTABLE TO MEMBERS			(11,989 )		289,764

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(11,989)		289,764

			(11,989)		289,764

TOTAL MEMBERS' INTEREST
Members' other interests			(11,989)		289,764

			(11,989)		289,764

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Pelican Partners (Peterborough) LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 T de Borde

Designated Member

18 September 2026

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

1. General Information

Pelican Partners (Peterborough) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC306024 . The Registered Office is 32 High Street, Wendover, Aylesbury, Buckinghamshire, HP22 6EA.

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 December 2021 (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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

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

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Pelican Partners (Peterborough) LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	281,119	466,425
Other debtors	147,830	137,752

	428,949	604,177

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	287,148	471,769
Amounts owed to participating interests	283,577	283,577
Other creditors	3,000	193,072
Taxation and social security	-	37,215

	573,725	985,633

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