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Company No: OC342250 (England and Wales)

SIBBETT GREGORY ENERGY PERFORMANCE LLP

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

SIBBETT GREGORY ENERGY PERFORMANCE LLP

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

SIBBETT GREGORY ENERGY PERFORMANCE LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 December 2023
SIBBETT GREGORY ENERGY PERFORMANCE LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 December 2023
DESIGNATED MEMBERS R A Boyce
Sibbett Gregory Wright & Coles Limited
REGISTERED OFFICE 3 Winchester Place
North Street
Poole
BH15 1NX
United Kingdom
REGISTERED NUMBER OC342250 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Towngate House
2-8 Parkstone Road
Poole
Dorset BH15 2PW
SIBBETT GREGORY ENERGY PERFORMANCE LLP

BALANCE SHEET

As at 31 December 2023
SIBBETT GREGORY ENERGY PERFORMANCE LLP

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 3 35,021 22,103
Cash at bank and in hand 9,286 5,213
44,307 27,316
Creditors: amounts falling due within one year 4 ( 2,632) ( 1,799)
Net current assets 41,675 25,517
Total assets less current liabilities 41,675 25,517
Net assets attributable to members 41,675 25,517
Represented by
Members' other interests
Other reserves 41,675 25,517
41,675 25,517
41,675 25,517
Total members' interests
Amounts due from members (included in debtors) (30,173) (20,189)
Members' other interests 41,675 25,517
11,502 5,328

For the financial year ending 31 December 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:

The financial statements of Sibbett Gregory Energy Performance LLP (registered number: OC342250) were approved and authorised for issue by the Board of Directors on 21 February 2024. They were signed on its behalf by:

R A Boyce
Designated member
SIBBETT GREGORY ENERGY PERFORMANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
SIBBETT GREGORY ENERGY PERFORMANCE LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Sibbett Gregory Energy Performance LLP 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 3 Winchester Place, North Street, Poole, BH15 1NX, 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

3. Debtors

2023 2022
£ £
Trade debtors 4,848 1,914
Other debtors 30,173 20,189
35,021 22,103

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other taxation and social security 2,632 1,799