SIPHTH Holdings LLP Filleted Accounts Cover
SIPHTH Holdings LLP
Registered No. OC441043
Information for Filing with the Registrar
29 February 2024
SIPHTH Holdings LLP Balance Sheet Registrar
at
29 February 2024
Registered No.
OC441043
Notes
2024
2023
£
£
Creditors: Amounts falling due within one year
4
(600)
(2,400)
Net current liabilities
(600)
(2,400)
Total assets less current liabilities
(600)
(2,400)
Net liabilities attributable to members
(600)
(2,400)
Represented by:
Loans and other debts due to members
2,400
-
Members' other interests
Other reserves
(3,000)
(2,400)
(3,000)
(2,400)
(600)
(2,400)
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 29 February 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 29 November 2024 and signed on its behalf by:
S. Tuke
Designated member
29 November 2024
SIPHTH Holdings LLP Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
SIPHTH Holdings LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC441043
Its registered office is:
128 City Road
London
EC1V 2NX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
2023
Number
Number
The average number of persons employed during the year was:
0
0
4
Creditors:
amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
6002,400
6002,400
5
Loans and other debts due to members
2024
2023
£
£
Members' capital classified as a liability
2,400
-
2,400
-
Amounts falling due within one year
2,400
-
2,400
-
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