The Square Of 16 Limited Liability Partn - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC436838 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

The Square Of 16 Limited Liability

Partnership

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M J Atkins

I V Williams

REGISTERED OFFICE:

36 Cholmeley Park

London

United Kingdom

N6 5ER

REGISTERED NUMBER:

OC436838 (England and Wales)

FIXED ASSETS

Tangible assets

4

79,800

90,000

CURRENT ASSETS

Debtors

5

-

6,026

Cash at bank

599

1,679

599

7,705

CREDITORS

Amounts falling due within one year

6

1,336

5,132

NET CURRENT (LIABILITIES)/ASSETS

(737

)

2,573

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

79,063

92,573

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

79,063

92,573

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

79,063

92,573

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 2023.

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 30 October 2023 and were signed by:

M J Atkins - Designated member

1.	STATUTORY INFORMATION

The Square Of 16 Limited Liability Partnership 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 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.

Plant and machinery etc

-

15% on reducing balance

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 year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

102,000

DEPRECIATION

At 1 April 2022

12,000

Charge for year

10,200

At 31 March 2023

22,200

NET BOOK VALUE

At 31 March 2023

79,800

At 31 March 2022

90,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

-

6,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

613

-

Taxation and social security

723

3,132

Other creditors

-

2,000

1,336

5,132

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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