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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Sheridan Gold LLP

Sheridan Gold LLP (Registered number: OC351316)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sheridan Gold LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: P L Sheridan
J Gold





REGISTERED OFFICE: Hamilton House
87-89 Bell Street
Reigate
Surrey
RH2 7AN





REGISTERED NUMBER: OC351316 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Sheridan Gold LLP (Registered number: OC351316)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,123 2,107

CURRENT ASSETS
Debtors 5 96,356 65,963
Cash at bank 250,931 288,556
347,287 354,519
CREDITORS
Amounts falling due within one year 6 88,458 63,373
NET CURRENT ASSETS 258,829 291,146
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

259,952

293,253

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

259,952

293,253

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 259,952 293,253

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 31 March 2024.

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.

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 2 August 2024 and were signed by:





P L Sheridan - Designated member

Sheridan Gold LLP (Registered number: OC351316)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Sheridan Gold 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,740 60,275 62,015
Additions 275 149 424
At 31 March 2024 2,015 60,424 62,439
DEPRECIATION
At 1 April 2023 1,740 58,168 59,908
Charge for year 76 1,332 1,408
At 31 March 2024 1,816 59,500 61,316
NET BOOK VALUE
At 31 March 2024 199 924 1,123
At 31 March 2023 - 2,107 2,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,851 29,967
Other debtors 3,172 3,172
Accrued income 18,403 23,458
Prepayments 7,930 9,366
96,356 65,963

Sheridan Gold LLP (Registered number: OC351316)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 73,072 51,675
Other creditors 2,830 -
Accrued expenses 12,556 11,698
88,458 63,373

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 259,952 293,253

Falling due within one year 259,952 293,253

The loans and other debts due to members represents the Partner's capital accounts.

8. OTHER FINANCIAL COMMITMENTS

The business has entered into a 24 month agreement from May 2023 to licence premises at £3,814 per month.

9. ULTIMATE CONTROLLING PARTY

The LLP is controlled by P Sheridan and J Gold.