ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

THE SILVERLINK PARTNERSHIP LLP - Company Information

Print Friendly Version

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-06-302021-06-30No description of principal activity02020-07-01falsetrue0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC395035 2020-06-30 OC395035 2020-07-01 2021-06-30 OC395035 2021-06-30 OC395035 2019-07-01 2020-06-30 OC395035 c:CurrentFinancialInstruments 2021-06-30 OC395035 c:CurrentFinancialInstruments 2020-06-30 OC395035 d:FRS102 2020-07-01 2021-06-30 OC395035 d:AuditExempt-NoAccountantsReport 2020-07-01 2021-06-30 OC395035 d:FullAccounts 2020-07-01 2021-06-30 OC395035 d:LimitedLiabilityPartnershipLLP 2020-07-01 2021-06-30 OC395035 c:EntityControlledByKeyManagementPersonnel1 2020-07-01 2021-06-30 OC395035 c:EntityControlledByKeyManagementPersonnel1 2021-06-30 OC395035 c:EntityControlledByKeyManagementPersonnel1 2020-06-30 OC395035 d:PartnerLLP1 2020-07-01 2021-06-30 iso4217:GBP xbrli:pure

Company Registration Number OC395035























THE SILVERLINK PARTNERSHIP LLP





UNAUDITED
FINANCIAL STATEMENTS





 30 JUNE 2021























img5e99.png
 
THE SILVERLINK PARTNERSHIP LLP
REGISTERED NUMBER: OC395035

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2021

2021
2020
Note
£
£

  

  
-
-

Creditors: amounts falling due within one year
 4 
(300,290)
(277,362)

Net current liabilities
  
 
 
(300,290)
 
 
(277,362)

Total assets less current liabilities
  
(300,290)
(277,362)

  
(300,290)
(277,362)

Net liabilities attributable to members
  
(300,290)
(277,362)


Total members' interests
  
 
(300,290)
 
(277,362)


  


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




Mr C Matthews
Designated member

Date: 28 March 2022


The notes on pages 3 to 5 form part of these financial statements.

The Silverlink Partnership LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 1
 

 
THE SILVERLINK PARTNERSHIP LLP


 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 JUNE 2021



DEBT
Loans and other debts due to members less any amounts due from members in debtors
Other amounts

£

Amounts due to members 
(276,382)

Balance at 1 July 2019 
(276,382)

Members' interests after profit for the year
(276,382)

Other division of losses
(59)

Drawings
(921)

Amounts due to members
(277,362)

Balance at 30 June 2020
(277,362)

Members' interests after profit for the year
(277,362)

Other division of losses
(1,875)

Drawings
(21,053)

Amounts due from members
(300,290)

Balance at 30 June 2021 
(300,290)

The notes on pages 3 to 5 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 2
 
THE SILVERLINK PARTNERSHIP LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1.


General information

The Silverlink Partnership LLP is a limited liability partnership incorporated in England and Wales, the company registration is OC395035. The LLP trades from its registered office at The Orchards, Carleton, Carlisle, Cumbria, CA1 3DZ.
The financial statements are presented in Pounds Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3
 
THE SILVERLINK PARTNERSHIP LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

2.Accounting policies (continued)

 
2.4

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The entity has no employees.


4.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other creditors
300,290
277,362

300,290
277,362


Page 4
 
THE SILVERLINK PARTNERSHIP LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

5.


Loans and other debts due from members


2021
2020
£
£



Other amounts due to members
300,290
277,362

300,290
277,362

Loans and other debts due to members may be further analysed as follows:

2021
2020
£
£



Falling due within one year
300,290
277,362

300,290
277,362

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


6.


Related party transactions

At the reporting date £300,290 (2020 - £277,360) was owed by the LLP to The Silverlink Clinic (Newcastle) Limited and is included in other creditors. This amount is unsecured, interest free and repayable on demand.

Page 5