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Registered number: OC380657
Synergy Growth LLP
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC380657
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investments 5 2,149,530 2,484,772
2,149,530 2,484,772
CURRENT ASSETS
Cash at bank and in hand 8,160 16,380
8,160 16,380
Creditors: Amounts Falling Due Within One Year (1 ) 1
NET CURRENT ASSETS (LIABILITIES) 8,159 16,381
TOTAL ASSETS LESS CURRENT LIABILITIES 2,157,689 2,501,153
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,157,689 2,501,153
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (450,518) (857,396)
(450,518) (857,396)
Equity
Members' other interests
Members' capital 2,608,209 3,358,549
Other reserves (2) -
2,608,207 3,358,549
2,157,689 2,501,153
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (450,518) (857,396)
Members' other interests 2,608,207 3,358,549
2,157,689 2,501,153
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Page 2
For the period ending 31 March 2024 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
S B Squared Holding Limited
Designated Member
9th August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Members'Capital classified as Equity Other Reserves Total Equity Members'Capital classified as Debt Total members' interest
£ £ £ £ £
Amounts due to members - - - (1,925,180) -
Balance at 1 January 2022 4,395,240 1 4,395,241 (1,925,180) 2,470,061
Profit/(loss) for the financial year available for discretionary division among members - 166,421 166,421 - 166,421
Members' interests after profit/(loss) for the year 4,395,240 166,422 4,561,662 (1,925,180) 2,636,482
Drawings (2,421) - (2,421) - (2,421)
Repayment of Capital - - - 33,514 33,514
Other Movements (1,034,270) (166,422) (1,200,692) 1,034,270 (166,422)
Amounts due to members - - - (857,396) -
As at 31 December 2022 and 1 January 2023 3,358,549 - 3,358,549 (857,396) 2,501,153
Profit/(loss) for the financial year available for discretionary division among members - 407,214 407,214 - 407,214
Members' interests after profit/(loss) for the year 3,358,549 407,214 3,765,763 (857,396) 2,908,367
Drawings (343,462) - (343,462) - (343,462)
Other Movements (406,878) (407,216) (814,094) 406,878 (407,216)
Amounts due to members - - - (450,518) -
As at 31 March 2024 2,608,209 (2) 2,608,207 (450,518) 2,157,689
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Notes to the Financial Statements
1. General Information
Synergy Growth LLP is a limited liability partnership, incorporated in England & Wales, registered number OC380657 . The Registered Office is 117 George Street, London, W1H 7HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they have measured at cost less any accumulated impairment losses. Changes in fair value are recognised in the revaluation reserve.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 588
As at 31 March 2024 588
Depreciation
As at 1 January 2023 588
As at 31 March 2024 588
Net Book Value
As at 31 March 2024 -
As at 1 January 2023 -
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5. Investments
Unlisted
£
Cost
As at 1 January 2023 2,806,991
Disposals (250,000 )
Revaluations (85,242 )
As at 31 March 2024 2,471,749
Provision
As at 1 January 2023 322,219
As at 31 March 2024 322,219
Net Book Value
As at 31 March 2024 2,149,530
As at 1 January 2023 2,484,772
7. Ultimate Parent Undertaking and Controlling Party
The LLP's immediate and ultimate parent undertaking is SB Squared Holding Limited. SB Squared Holding Limited was incorporated in England & Wales, company registration number 07869810. The ultimate controlling party is Steven Brooks by virtue of his 100% share holding in SB Squared Holding Limited.
During the period, SB Squared Holding Limited provided key management personnel to support the management of the company to the value of £21,250 (2022: £17,000). On 31 March 2024, the company owed £1,618,426 (2022: £1,618,426) to S B Squared Holding Ltd.
8. Loans and Other Debts Due To Members
All loans and other debts due to members are members capital classified as debt.

In the event of winding up, any loans and other debts due to members that were not treated as debt would receive preferential treatment compared to other creditors. There are no restrictions or limitations on the ability of members to reduce the amount of members other interests.
Page 5