REGISTERED NUMBER: OC341053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

PETERSFIELDS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs D A Kiddy

N K Timmings

REGISTERED OFFICE:

Milton Hall

Ely Road

Milton

Cambridge

CB24 6WZ

REGISTERED NUMBER:

OC341053 (England and Wales)

ACCOUNTANTS:

Streets Hackett Griffey LLP

Accountants & Business Advisers

31 High Street

Haverhill

Suffolk

CB9 8AD

FIXED ASSETS

Tangible assets

4

2,331

3,076

CURRENT ASSETS

Debtors

5

146,680

136,852

Cash at bank and in hand

117,220

107,523

263,900

244,375

CREDITORS

Amounts falling due within one year

6

74,401

69,196

NET CURRENT ASSETS

189,499

175,179

TOTAL ASSETS LESS CURRENT LIABILITIES

191,830

178,255

CREDITORS

Amounts falling due after more than one year

7

17,638

23,149

NET ASSETS ATTRIBUTABLE TO MEMBERS

174,192

155,106

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

174,192

155,106

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

174,192

155,106

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.

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 9 October 2026 and were signed by:

Mrs D A Kiddy - Designated member

N K Timmings - Designated member

1.	STATUTORY INFORMATION

Petersfields 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

Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within current assets as amounts recoverable on contracts.

Tangible fixed assets

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

Computer & office equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

& office

equipment

£

COST

At 1 April 2025

5,966

Additions

372

At 31 March 2026

6,338

DEPRECIATION

At 1 April 2025

2,890

Charge for year

1,117

At 31 March 2026

4,007

NET BOOK VALUE

At 31 March 2026

2,331

At 31 March 2025

3,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

95,479

77,948

Amounts recoverable on contracts

29,669

38,653

Prepayments

21,532

20,251

146,680

136,852

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

15,775

14,903

Social security and other taxes

1,049

1,387

VAT

41,487

36,186

Other creditors

4,639

5,594

Accrued expenses

5,895

5,570

74,401

69,196

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

5,556

5,556

Bank loans - 2-5 years

12,082

16,667

Bank loans - more than 5 years

-

926

17,638

23,149

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

-

926

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability on the members to reduce the amount of 'Members' Other Interests'.

9.	OTHER FINANCIAL COMMITMENTS

The LLP had total guarantees and commitments at the balance sheet date of £11,475 (2025: £10,600).