REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 |
FOR |
SMILE ON FRIDAYS LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 |
FOR |
SMILE ON FRIDAYS LLP |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2023 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
SMILE ON FRIDAYS LLP |
GENERAL INFORMATION |
for the Year Ended 30 April 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
LONDON |
W2 1HY |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
STATEMENT OF FINANCIAL POSITION |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,687,560 |
71,830 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
1,687,560 |
71,830 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 1,687,560 | 71,830 |
Amounts due from members | 6 | - | (585,458 | ) |
1,687,560 | (513,628 | ) |
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. |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
STATEMENT OF FINANCIAL POSITION - continued |
30 April 2023 |
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 |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Smile On Fridays 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 |
Going concern |
The financial statements have been prepared on a going concern basis as the members believe that adequate cash resources will be available to cover the LLP's requirements for working capital expenditure for at least the next twelve months. |
Turnover |
The turnover represents fees receivable net of value added tax and are recognised on an accruals basis. |
Rendering of services |
Revenue for providing services are recognised when the service has been completed. |
Tangible fixed assets |
Motor vehicles | - |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, trade and other creditors. |
The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Fixed asset investments |
Fixed asset investment are measured at fair value. Changes in the fair value are recognised in profit and loss account. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 May 2022 |
and 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2022 |
and 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
Fixed asset investment is valued on an open market basis on 30 April 2023 by the members of the LLP. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 April 2023 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Monies owed to the partners included in loans and other debts due to members are payable after all creditors have been paid. |
9. | RELATED PARTY DISCLOSURES |
During the year the LLP received rent-free serviced offices from a company in which the members have a material interest. |