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REGISTERED NUMBER: OC362038 (England and Wales)















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: N Stinchcombe
Ms Y Eskenzi
Miss J Eskenzi
Miss J Eskenzi





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: OC362038 (England and Wales)





ACCOUNTANTS: Stein Richards
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 25,662 30,190
Investments 5 34,144 34,144
59,806 64,334

CURRENT ASSETS
Debtors 6 84,590 742,115
Cash at bank 5,192,041 2,949,261
5,276,631 3,691,376
CREDITORS
Amounts falling due within one year 7 3,648,877 3,683,880
NET CURRENT ASSETS 1,627,754 7,496
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 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 April 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.

SMILE ON FRIDAYS LLP (REGISTERED NUMBER: OC362038)

STATEMENT OF FINANCIAL POSITION - continued
30 April 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 28 March 2024 and were signed by:





N Stinchcombe - Designated member

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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% reducing balance

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 - 7 ).

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 69,405
DEPRECIATION
At 1 May 2022 39,215
Charge for year 4,528
At 30 April 2023 43,743
NET BOOK VALUE
At 30 April 2023 25,662
At 30 April 2022 30,190

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 34,144
NET BOOK VALUE
At 30 April 2023 34,144
At 30 April 2022 34,144

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 83,714 126,501
Other debtors 876 615,614
84,590 742,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 85,853 156,428
Taxation and social security 7,583 4,468
Other creditors 3,555,441 3,522,984
3,648,877 3,683,880

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.