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REGISTERED NUMBER: OC436838 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Square Of 16 Limited Liability
Partnership

The Square Of 16 Limited Liability
Partnership (Registered number: OC436838)






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


The Square Of 16 Limited Liability
Partnership

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M J Atkins
I V Williams





REGISTERED OFFICE: 940 Green Lanes
London
N21 2AD





REGISTERED NUMBER: OC436838 (England and Wales)






The Square Of 16 Limited Liability
Partnership (Registered number: OC436838)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,130 79,800

CURRENT ASSETS
Cash at bank 210 599

CREDITORS
Amounts falling due within one year 5 3,042 1,336
NET CURRENT LIABILITIES (2,832 ) (737 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

46,298

79,063

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

46,298

79,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 46,298 79,063

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 5 September 2024 and were signed by:



M J Atkins - Designated member

The Square Of 16 Limited Liability
Partnership (Registered number: OC436838)

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

1. STATUTORY INFORMATION

The Square Of 16 Limited Liability Partnership 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.
Plant and machinery etc - 15% on reducing balance

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 102,000
Disposals (22,000 )
At 31 March 2024 80,000
DEPRECIATION
At 1 April 2023 22,200
Charge for year 8,670
At 31 March 2024 30,870
NET BOOK VALUE
At 31 March 2024 49,130
At 31 March 2023 79,800

The Square Of 16 Limited Liability
Partnership (Registered number: OC436838)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 613
Taxation and social security 3,042 723
3,042 1,336

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of winding-up.