false 1 April 2023 OC437212 2023-04-01 2024-03-31 OC437212 2023-03-31 OC437212 2024-03-31 OC437212 frs102-bus:FRS102 2023-04-01 2024-03-31 OC437212 frs102-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC437212 frs102-bus:FullAccounts 2023-04-01 2024-03-31 OC437212 frs102-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC437212 2022-04-01 2023-03-31 OC437212 2022-03-31 OC437212 2023-03-31 OC437212 frs102-bus:Director1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number:
OC437212
Guy Partnership LLP
Unaudited Accounts
for the Year Ended
31 March 2024


Guy Partnership LLP
Balance Sheet
as at 31 March 2024

Notes 2024
£
2023
£
Current Assets
Debtors 0 500
Cash at bank and in hand 583 228
583 728
Net Current Assets / (Liabilities) 583 728
Net Assets Attributable to Members 583 728
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability 430 430
Other amounts 153 298
583 728
.
Members' other interests
583 728
.
Total members' interests
Loans and other debts due to members 583 728
Amounts due from members (0) (500)
583 228

Guy Partnership LLP
Balance Sheet
as at 31 March 2024



These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to 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.

For the year ended 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The financial statements were approved by the members and signed on their behalf by:



.........................................................


Approved by members on 26 January 2025


Mr K P Guy

Designated Member

Guy Partnership LLP

Registered number: OC437212 (England and Wales)


Guy Partnership LLP
Notes to the Accounts
for the year ended 31 March 2024

1. Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 31 March 2024.

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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2. Employees
2024 2023
Average number of employees during the period 3 3