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REGISTERED NUMBER: OC394948 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

LIVE PARTNERS LLP

LIVE PARTNERS LLP (REGISTERED NUMBER: OC394948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVE PARTNERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DESIGNATED MEMBERS: L Ede
K Stevens





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: OC394948 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

LIVE PARTNERS LLP (REGISTERED NUMBER: OC394948)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 646,964 645,884

CREDITORS
Amounts falling due within one year 5 237,665 236,585
NET CURRENT ASSETS 409,299 409,299
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

409,299

409,299

LOANS AND OTHER DEBTS DUE TO
MEMBERS

170,000

170,000

MEMBERS' OTHER INTERESTS
Other reserves 239,299 239,299
409,299 409,299

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 170,000 170,000
Members' other interests 239,299 239,299
Amounts due from members 4 (270,675 ) (269,595 )
138,624 139,704

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 May 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 22 February 2024 and were signed by:




L Ede - Designated member

LIVE PARTNERS LLP (REGISTERED NUMBER: OC394948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Live 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 380,358 379,278

Amounts falling due after more than one year:
Other debtors 266,606 266,606

Aggregate amounts 646,964 645,884

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 237,665 236,585