Registration No. OC456593
PALLAS INVESTMENTS LLP
Financial Statements
for the Period from 01 May 2025 to 31 May 2026

PALLAS INVESTMENTS LLP

Financial Statements for the period ending 31 May 2026

CONTENTS PAGE
LLP Information 2
Statement of Financial Position 3
Notes to the Financial Statements 4
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PALLAS INVESTMENTS LLP

Financial Statements for the period ending 31 May 2026

LLP Information

LLP Details
LLP Number OC456593
Registered Office 82A JAMES CARTER ROAD
MILDENHALL
BURY ST. EDMUNDS
IP28 7DE
Designated Members
Jonathan David OWEN
Alyn Lloyd OWEN
Ellen Margaret OWEN
Emlyn Rhys OWEN
Harri Wyn OWEN
BISHOPS AND CLERKS LTD
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PALLAS INVESTMENTS LLP

Financial Statements for the period ending 31 May 2026

Statement of Financial Position

123
Notes 2026
£ £
Fixed Assets
Investments 915,932 -
Current Assets
Stocks - -
Debtors due within one year 24,500 -
Cash at bank and in hand 2,877 -
27,377 -
Creditors
Amount falling due within one year - -
Net Current Assets 27,377 -
Total Assets less current liabilities 943,309 -
Creditors due after more than one year - -
Provision for liabilities - -
Accruals and deferred income - -
Net Assets attributed to members 943,309 -
Total Members' Interests
Members other interests 943,309 -
943,309 -
For the year ending 31/05/2026 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Approved by the Members on 04 November 2026
Jonathan David Owen
Company Registration No. OC456593
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PALLAS INVESTMENTS LLP

Financial Statements for the period ending 31 May 2026

Notes to the financial statements

1. Statutory Information
PALLAS INVESTMENTS LLP is a Limited Liability partnership, registration number OC456593.
2. Employees
Average number of employees, including directors, during the year was as follows:
2026 0
3. Accounting Policies
Basis of preparing the financial statement
The accounts have been prepared in accordance with FRS 102 Section 1A Small Entities and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", under the historical cost convention as modified by the measurement of quoted investments at fair value. The first accounting period runs from incorporation on 1 May 2025 to 31 May 2026, so no comparative figures are shown. The principal activity is the investment of members' funds in securities. Investments in quoted shares are measured at fair value through profit or loss using the quoted price at the balance sheet date; investments in unquoted or certificated shares for which no reliable fair value is available are held at cost less any impairment. Interest is recognised as it accrues; gains and losses on disposal and movements in fair value are taken to profit or loss. Members' capital is classified as equity. Profits are divided between members only when a division is agreed; until then they are retained as unallocated profit within members' other interests.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
The LLP has no turnover. Its income consists of interest and of gains on investments, recognised as described above.
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PALLAS INVESTMENTS LLP

Annual report and Statement of accounts for the period ending 31 May 2026

Notes to the Balance Sheet

Current Tax
The LLP is not itself liable to income tax or capital gains tax. Each member is taxed on their share of the LLP's income and gains. No tax is provided in these accounts.
Tangible Fixed Asset Policy
The LLP holds no tangible fixed assets.
Intangible Asset Policy
The LLP holds no intangible fixed assets.
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PALLAS INVESTMENTS LLP

Financial Statements for the period ending 31 May 2026

Notes to the Balance Sheet

4. Loans and debts due to members
There were no loans or other debts due to members at 31 May 2026. Members' other interests of £943,309 comprise capital contributed of £736,000 (Bishops and Clerks Limited £735,000; two individual members £500 each) and profit for the period of £207,309 which has not yet been divided between the members. Other debtors include a loan of £24,500 to a member, interest free and repayable by monthly instalments of £500, of which £18,500 falls due after more than one year. Bishops and Clerks Limited is controlled by the two designated members. The average number of members during the period was 6 and there were no employees.
5. Guarantees and Financial Commitments
The LLP had no capital commitments, guarantees or contingent liabilities at 31 May 2026. Investments of £915,932 comprise quoted shares at fair value of £615,126 (cost £407,820) and unquoted and certificated shares at cost of £300,806. Since the balance sheet date the market value of the quoted investments has fallen; at 4 November 2026 the portfolio was valued at approximately £755,000. This is a non-adjusting event.
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