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REGISTERED NUMBER: OC318813 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Sacre Associates LLP

Sacre Associates LLP (Registered number: OC318813)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sacre Associates LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: M Jones
S J May
S Rainer





REGISTERED OFFICE: Milstrete House
29 New Street
Chelmsford
Essex
CM1 1NT





REGISTERED NUMBER: OC318813 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Sacre Associates LLP (Registered number: OC318813)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 614,084
Tangible assets 5 - 73,753
- 687,837

CURRENT ASSETS
Debtors 6 6,356,700 78,196
Cash at bank 1,709,348 1,333,155
8,066,048 1,411,351
CREDITORS
Amounts falling due within one year 7 321,234 94,487
NET CURRENT ASSETS 7,744,814 1,316,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,744,814

2,004,701

CREDITORS
Amounts falling due after more than one
year

8

23,542

78,741
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,721,272

1,925,960

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

7,280,410

1,485,098

MEMBERS' OTHER INTERESTS
Capital accounts 440,862 440,862
7,721,272 1,925,960

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 7,280,410 1,485,098
Members' other interests 440,862 440,862
7,721,272 1,925,960

Sacre Associates LLP (Registered number: OC318813)

Balance Sheet - continued
30 June 2023


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 30 June 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 1 March 2024 and were signed by:





S Rainer - Designated member

Sacre Associates LLP (Registered number: OC318813)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Sacre Associates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The current period ended 31 March 2023 covers a 9 month period and the comparative information covers a 12 month period, therefore, the figures are not directly comparable.

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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover represents fees and commission receivable.

Goodwill
Goodwill arising on the acquisition of an undertaking is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired.

The goodwill arising on such a transaction is initially recognised at cost. After initial recognition, it is measured using the cost model, which is cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided evenly over the remaining estimated life of 10 years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost, less any accumulated depreciation and any accumulated impairment losses. 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% reducing balance, 3 years straight line, 10 years straight line

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.

Pension costs and other post-retirement benefits
The LLP makes contributions to a group personal pension plan for the benefit of its employees.

Sacre Associates LLP (Registered number: OC318813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially and subsequently at historic cost, which is not materially different from amortised cost using the effective interest rate method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 30 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 1,909,970
Additions 775,000
Disposals (2,684,970 )
At 30 June 2023 -
AMORTISATION
At 1 July 2022 1,295,886
Charge for year 170,697
Eliminated on disposal (1,466,583 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 614,084

Sacre Associates LLP (Registered number: OC318813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 413,538
Additions 13,591
Disposals (427,129 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 339,785
Charge for year 14,763
Eliminated on disposal (354,548 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 73,753


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,356,700 78,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,200 53,410
Taxation and social security 3,552 30,652
Other creditors 262,482 10,425
321,234 94,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,542 78,741

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt) rank below other creditors.

Sacre Associates LLP (Registered number: OC318813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. OTHER FINANCIAL COMMITMENTS

20232022
££
At 31 March 2023 the company had annual commitments under non-
cancellable operating leases as follows:

Plant and machinery:
Expiring within 1 year--
Expiring between 1 and 2 years1,8218,876
Expiring between 2 and 5 years44,9453,418
Expiring after 5 years--


Land and buildings:
Expiring within 1 year--
Expiring between 1 and 2 years--
Expiring between 2 and 5 years--
Expiring after 5 years80,00080,000