REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
FOR |
SEQUENCE ADVISERS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
FOR |
SEQUENCE ADVISERS LLP |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31ST MAY 2024 |
Page |
General Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
SEQUENCE ADVISERS LLP |
GENERAL INFORMATION |
for the Year Ended 31ST MAY 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
327 Clifton Drive South |
Lytham St Annes |
Lancashire |
FY8 1HN |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31ST MAY 2024 |
31/5/24 | 31/5/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
98,842 |
106,744 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
98,842 |
106,744 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 98,842 | 106,744 |
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. |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31ST MAY 2024 |
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 |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31ST MAY 2024 |
1. | STATUTORY INFORMATION |
Sequence Advisers 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 (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Contingent revenue is only recognised when: |
- the amount of revenue can be measured reliably; |
- it is probable that the economic benefits associated with the transaction will flow to the entity; |
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; |
and |
- the costs incurred for the transaction and the costs to complete the transaction can be measured |
reliably. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
Patents, trade marks and licences are being amortised evenly over their estimated useful life of ten years. |
Tangible fixed assets |
Plant and machinery | - |
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 operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST MAY 2024 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st June 2023 |
and 31st May 2024 |
AMORTISATION |
At 1st June 2023 |
Amortisation for year |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1st June 2023 |
Additions |
At 31st May 2024 |
DEPRECIATION |
At 1st June 2023 |
Charge for year |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/5/24 | 31/5/23 |
£ | £ |
Within one year |
SEQUENCE ADVISERS LLP (REGISTERED NUMBER: OC411948) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST MAY 2024 |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31/5/24 | 31/5/23 |
£ | £ |
Amounts owed to members in respect of profits | 38,842 | 51,744 |
Capital account | 60,000 | 55,000 |
98,842 | 106,744 |
Falling due within one year | 98,842 | 106,744 |
The LLP is financed through a combination of members' capital, undistributed profits and working |
capital retentions. |
In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' |
capital classified as debt) would rank pari passu to other creditors who are unsecured. The protection |
afforded to creditors in such an event which is legally enforceable and cannot be revoked solely by a |
decision of the members is that provided by the Insolvency Act. |
There are no restrictions or limitations existing on the ability of the members to reduce the amount of |
'Members' other interests'. |