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REGISTERED NUMBER: OC351610 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Fairway Search Partners LLP

Fairway Search Partners LLP (Registered number: OC351610)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Fairway Search Partners LLP

General Information
for the Year Ended 31 December 2022







DESIGNATED MEMBERS: U Bawany
Uberry Limited





REGISTERED OFFICE: Flat 51
Morshead Mansions
Morshead Road
Maida Vale
London
W9 1LF





REGISTERED NUMBER: OC351610 (England and Wales)





ACCOUNTANTS: MSS Accountancy Services Ltd
341 Garratt Lane
Wandsworth
London
SW18 4DX

Fairway Search Partners LLP (Registered number: OC351610)

Report of the Members
for the Year Ended 31 December 2022

The members present their report with the financial statements of the LLP for the year ended 31 December 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of an executive search business, sourcing and filling high level recruitment gaps for various clients, predominantly in the banking sector.

DESIGNATED MEMBERS
The designated members during the year under review were:

U Bawany
Uberry Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £1,301 (2021 - £373 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





U Bawany - Designated member


30 September 2023

Fairway Search Partners LLP (Registered number: OC351610)

Income Statement
for the Year Ended 31 December 2022

31.12.22 31.12.21
£    £   

TURNOVER 50,000 33,000

Administrative expenses 47,146 32,907
OPERATING PROFIT 2,854 93


Interest payable and similar expenses 1,553 466
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





1,301





(373





)

Fairway Search Partners LLP (Registered number: OC351610)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Debtors 5 20,817 21,836
Cash at bank 1,927 3,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,744

25,158

CREDITORS
Amounts falling due after more than one
year

6

22,744

25,158
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 5 (11,512 ) (12,489 )

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 December 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 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 30 September 2023 and were signed by:





U Bawany - Designated member

Fairway Search Partners LLP (Registered number: OC351610)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Fairway Search Partners 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 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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 100 10,945 11,045
DEPRECIATION
At 1 January 2022
and 31 December 2022 100 10,945 11,045
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings 9,118 9,118
Other debtors 11,699 12,718
20,817 21,836

Fairway Search Partners LLP (Registered number: OC351610)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 22,744 25,158