REGISTERED NUMBER: OC456110 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 27 MARCH 2025 TO 31 MARCH 2026

FOR

PATON & CO ESTATE AGENTS LLP

Page

Report of the Members

1

Chartered Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

The members present their report with the financial statements of the LLP for the period 27 March 2025 to 31 March 2026.

INCORPORATION

The LLP was incorporated on 27 March 2025 and commenced trading on 1 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of estate agents.

DESIGNATED MEMBERS

The designated members during the period under review were:

P W Paton

Mrs C E Paton

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £222,459.

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. In setting the amount of such drawings the designated members take into account the anticipated cash requirements of the LLP. Any drawings may be reclaimed from members until such time as profits have been allocated to them.

Capital requirements are determined by the designated members and are reviewed at least annually. All members are required to subscribe a proportion of that capital with the amounts being determined by the designated members. On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

P W Paton - Designated member

6 July 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Paton & Co Estate Agents LLP for the period ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Paton & Co Estate Agents LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paton & Co Estate Agents LLP and state those matters that we have agreed to state to the members of Paton & Co Estate Agents LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paton & Co Estate Agents LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Paton & Co Estate Agents LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paton & Co Estate Agents LLP. You consider that Paton & Co Estate Agents LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Paton & Co Estate Agents LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

6 July 2026

TURNOVER

615,996

Administrative expenses

392,433

OPERATING PROFIT

4

223,563

Interest receivable and similar income

609

224,172

Interest payable and similar expenses

1,713

PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

222,459

FIXED ASSETS

Tangible assets

5

19,892

CURRENT ASSETS

Debtors

6

9,111

Cash at bank

53,357

62,468

CREDITORS

Amounts falling due within one year

7

31,303

NET CURRENT ASSETS

31,165

TOTAL ASSETS LESS CURRENT LIABILITIES

51,057

CREDITORS

Amounts falling due after more than one year

8

17,772

NET ASSETS ATTRIBUTABLE TO MEMBERS

33,285

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

33,285

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

33,285

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 period 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 6 July 2026 and were signed by:

P W Paton - Designated member

Mrs C E Paton - Designated member

1.	STATUTORY INFORMATION

Paton & Co Estate Agents LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC456110

Registered office:

Paton & Co Conduit House,

17f Windmill Way,

Ramparts Business Park

Berwick-Upon-Tweed

TD15 1TB

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

Straight line over 4 years

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 6 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

6,241

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

26,133

At 31 March 2026

26,133

DEPRECIATION

Charge for period

6,241

At 31 March 2026

6,241

NET BOOK VALUE

At 31 March 2026

19,892

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

8,111

Other debtors

1,000

9,111

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

4,734

Trade creditors

7,053

Taxation and social security

14,716

Other creditors

4,800

31,303

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

17,772

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

£

Amounts owed to members in respect of profits

33,285

Falling due within one year

33,285

In the event of an LLP winding up, any unsecured debts due to members rank pari passu (equally) with debts due to other unsecured creditors of the LLP. Members' capital classified as "Members' other interests" (equity) ranks behind all unsecured creditors.