The PR Network Partnership LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC403703 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2022

for

THE PR NETWORK PARTNERSHIP LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G R Ellse

N C Regazzoni

REGISTERED OFFICE:

4 Old Park Lane

London

London

W1K 1QW

REGISTERED NUMBER:

OC403703 (England and Wales)

ACCOUNTANTS:

Elsby & Co

Thistledown Barn

204 Holcot Road

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Tangible assets

4

-

476

CURRENT ASSETS

Debtors

18,426

626,206

Cash at bank

135,059

802,290

153,485

1,428,496

CREDITORS

Amounts falling due within one year

146,765

1,280,744

NET CURRENT ASSETS

6,720

147,752

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

6,720

148,228

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

6,720

148,228

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

6,720

148,228

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 January 2022.

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 Balance Sheet for the year ended 31 January 2022 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 April 2022 and were signed by:

N C Regazzoni - Designated member

1.	STATUTORY INFORMATION

The PR Network Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 represents net invoiced sales of services, excluding value added tax.

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

-

33% on cost

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2021

2,342

Disposals

(2,342

)

At 31 January 2022

-

DEPRECIATION

At 1 February 2021

1,866

Eliminated on disposal

(1,866

)

At 31 January 2022

-

NET BOOK VALUE

At 31 January 2022

-

At 31 January 2021

476

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2022

2021

£

£

Amounts owed to members in respect of profits

6,720

148,228

Falling due within one year

6,720

148,228

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