Silverfin false 05/04/2023 06/04/2022 05/04/2023 F Finch 09/07/2002 S Robertson 09/07/2002 G Stansfeld 09/07/2002 18 October 2023 OC302594 2023-04-05 OC302594 bus:Director1 2023-04-05 OC302594 bus:Director2 2023-04-05 OC302594 bus:Director3 2023-04-05 OC302594 core:CurrentFinancialInstruments 2023-04-05 OC302594 core:CurrentFinancialInstruments 2022-04-05 OC302594 2022-04-05 OC302594 core:Non-currentFinancialInstruments 2023-04-05 OC302594 core:Non-currentFinancialInstruments 2022-04-05 OC302594 2022-04-06 2023-04-05 OC302594 bus:FullAccounts 2022-04-06 2023-04-05 OC302594 bus:SmallEntities 2022-04-06 2023-04-05 OC302594 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-04-05 OC302594 bus:LimitedLiabilityPartnershipLLP 2022-04-06 2023-04-05 OC302594 bus:Director1 2022-04-06 2023-04-05 OC302594 bus:Director2 2022-04-06 2023-04-05 OC302594 bus:Director3 2022-04-06 2023-04-05 OC302594 2021-04-06 2022-04-05 OC302594 core:Non-currentFinancialInstruments 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure

Company No: OC302594 (England and Wales)

3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

Unaudited Financial Statements
For the financial year ended 05 April 2023
Pages for filing with the registrar

3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

Unaudited Financial Statements

For the financial year ended 05 April 2023

Contents

3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

STATEMENT OF FINANCIAL POSITION

As at 05 April 2023
3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

STATEMENT OF FINANCIAL POSITION (continued)

As at 05 April 2023
Note 2023 2022
£ £
Current assets
Debtors 3 261,242 250,896
Cash at bank and in hand 4 11,537 12,106
272,779 263,002
Creditors: amounts falling due within one year 5 ( 144,420) ( 130,260)
Net current assets 128,359 132,742
Total assets less current liabilities 128,359 132,742
Creditors: amounts falling due after more than one year 6 ( 37,961) ( 43,420)
Net assets attributable to members 90,398 89,322
Represented by
Loans and other debts due to members within one year
Other amounts 90,398 89,322
90,398 89,322
Members' other interests
0 0
90,398 89,322
Total members' interests
Loans and other debts due to members 90,398 89,322
90,398 89,322

For the financial year ending 05 April 2023 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.

Members' responsibilities:

3XArchitecture Limited Liability Partnership 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.

The financial statements of 3XArchitecture Limited Liability Partnership (registered number: OC302594) were approved and authorised for issue by the Director on 18 October 2023. They were signed on its behalf by:

G Stansfeld
Designated member
3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2023
3XARCHITECTURE LIMITED LIABILITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

3XArchitecture Limited Liability Partnership is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 2 Olaf Street, London, W11 4BE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and 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 and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 12 17

3. Debtors

2023 2022
£ £
Trade debtors 261,242 250,896

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 11,537 12,106

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,418 5,418
Trade creditors 15,150 1,326
Amounts owed to Group undertakings 37,968 37,968
Other taxation and social security 82,884 82,548
Other creditors 3,000 3,000
144,420 130,260

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 37,961 43,420

There are no amounts included above in respect of which any security has been given by the small entity.

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. 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. The amount of profit in the year was drawn by the members.