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REGISTERED NUMBER: 10356350 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Seven Partnership Limited

Seven Partnership Limited (Registered number: 10356350)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seven Partnership Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S P Braithwaite
C J Maddison





REGISTERED OFFICE: 78 Cowcross Street
London
EC1M 6EJ





REGISTERED NUMBER: 10356350 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Seven Partnership Limited (Registered number: 10356350)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 695,310 -
Tangible assets 5 16,688 25,148
Investments 6 2,400 -
714,398 25,148

CURRENT ASSETS
Debtors 7 1,194,318 1,026,524
Cash at bank 647,949 523,213
1,842,267 1,549,737
CREDITORS
Amounts falling due within one year 8 2,133,302 1,242,886
NET CURRENT (LIABILITIES)/ASSETS (291,035 ) 306,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,363

331,999

CREDITORS
Amounts falling due after more than one
year

9

(169,091

)

(76,364

)

PROVISIONS FOR LIABILITIES 11 (4,172 ) (5,535 )
NET ASSETS 250,100 250,100

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 250,000 250,000
SHAREHOLDERS' FUNDS 250,100 250,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Seven Partnership Limited (Registered number: 10356350)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




S P Braithwaite - Director



C J Maddison - Director


Seven Partnership Limited (Registered number: 10356350)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Seven Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 50% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Seven Partnership Limited (Registered number: 10356350)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 695,310
At 30 September 2024 695,310
NET BOOK VALUE
At 30 September 2024 695,310

Seven Partnership Limited (Registered number: 10356350)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 6,199 16,733 36,656 20,699 80,287
DEPRECIATION
At 1 October 2023 6,199 9,221 21,192 18,527 55,139
Charge for year - 2,479 3,866 2,115 8,460
At 30 September 2024 6,199 11,700 25,058 20,642 63,599
NET BOOK VALUE
At 30 September 2024 - 5,033 11,598 57 16,688
At 30 September 2023 - 7,512 15,464 2,172 25,148

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,400
At 30 September 2024 2,400
NET BOOK VALUE
At 30 September 2024 2,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,094,861 921,329
Other debtors 99,457 105,195
1,194,318 1,026,524

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 43,636 40,000
Hire purchase contracts (see note 10) 13,721 17,833
Trade creditors 400,776 297,219
Amounts owed to group undertakings 162,560 -
Taxation and social security 529,168 386,398
Other creditors 983,441 501,436
2,133,302 1,242,886

Seven Partnership Limited (Registered number: 10356350)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 29,091 76,364
Other creditors 140,000 -
169,091 76,364

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 13,721 17,833

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 102,846 147,605
Between one and five years 11,390 96,173
114,236 243,778

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 4,172 5,535

Deferred
tax
£   
Balance at 1 October 2023 5,535
Accelerated capital allowances (1,363 )
Balance at 30 September 2024 4,172

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
95 Ordinary £1 95 100
5 Ordinary A £1 5 -
100 100

Seven Partnership Limited (Registered number: 10356350)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


13. ULTIMATE CONTROLLING PARTY

Seven Universal Limited, a company registered in England and Wales, is the immediate and ultimate parent company.