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REGISTERED NUMBER: OC313253 (England and Wales)















Sheen Stickland LLP

Unaudited Financial Statements for the Year Ended 31st March 2023






Sheen Stickland LLP (Registered number: OC313253)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Sheen Stickland LLP

General Information
for the Year Ended 31st March 2023







DESIGNATED MEMBERS: D A Sanders
P J Sharpe
P E H Wright
Sticklands Limited
P Joyce





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: OC313253 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 550,000 550,000
Tangible assets 5 193,772 173,792
743,772 723,792

CURRENT ASSETS
Debtors 6 1,412,424 1,601,870
Cash at bank and in hand 311,568 88,098
1,723,992 1,689,968
CREDITORS
Amounts falling due within one year 7 1,437,368 1,417,666
NET CURRENT ASSETS 286,624 272,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,396

996,094

CREDITORS
Amounts falling due after more than
one year

8

317,170

189,117
NET ASSETS ATTRIBUTABLE TO
MEMBERS

713,226

806,977

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet - continued
31st March 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

750,000

750,001

MEMBERS' OTHER INTERESTS
Capital accounts (36,774 ) 56,976
713,226 806,977

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 750,000 750,001
Members' other interests (36,774 ) 56,976
Amounts due from members 6 (724,298 ) (776,937 )
(11,072 ) 30,040

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 31st 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.

Sheen Stickland LLP (Registered number: OC313253)

Balance Sheet - continued
31st March 2023


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 30th January 2024 and were signed by:




D A Sanders - Designated member




P Joyce - Designated member


Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Sheen Stickland 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor Vehicles - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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).

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 550,000
NET BOOK VALUE
At 31st March 2023 550,000
At 31st March 2022 550,000

5. TANGIBLE FIXED ASSETS
Motor
Vehicles
£   
COST
At 1st April 2022 237,864
Additions 58,495
Disposals (40,107 )
At 31st March 2023 256,252
DEPRECIATION
At 1st April 2022 64,072
Charge for year 38,515
Eliminated on disposal (40,107 )
At 31st March 2023 62,480
NET BOOK VALUE
At 31st March 2023 193,772
At 31st March 2022 173,792

The net book value of tangible fixed assets includes £ 193,772 (2022 - £ 173,792 ) in respect of assets held under hire purchase contracts.

Sheen Stickland LLP (Registered number: OC313253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 406,363 682,902
Amounts recoverable on contract 103,413 105,848
Other debtors 902,648 813,120
1,412,424 1,601,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 52,870 140,835
Hire purchase contracts 24,922 50,232
Trade creditors 125,796 215,787
Taxation and social security 57,549 97,992
Other creditors 1,176,231 912,820
1,437,368 1,417,666

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 181,283 95,000
Hire purchase contracts 135,887 94,117
317,170 189,117