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REGISTERED NUMBER: OC400312 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SNS GROUP LLP

SNS GROUP LLP (REGISTERED NUMBER: OC400312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SNS GROUP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: J D Newcomb
G P Scott





REGISTERED OFFICE: 1 Denning House
London Road
Maidstone
Kent
ME16 8HS





REGISTERED NUMBER: OC400312 (England and Wales)





ACCOUNTANTS: SHPD Accountants
10 Littlebourne Road
Maidstone
Kent
ME14 5QP

SNS GROUP LLP (REGISTERED NUMBER: OC400312)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621 1,005

CURRENT ASSETS
Stocks 15,233 17,436
Debtors 5 58,138 38,027
Cash at bank 4,819 8,328
78,190 63,791
CREDITORS
Amounts falling due within one year 6 37,258 22,684
NET CURRENT ASSETS 40,932 41,107
TOTAL ASSETS LESS CURRENT LIABILITIES 41,553 42,112

CREDITORS
Amounts falling due after more than one year 7 34,705 42,112
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,848 -

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 6,848 -

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 6,848 -
Amounts due from members 5 (29,533 ) (23,203 )
(22,685 ) (23,203 )

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 30 April 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 8 January 2025 and were signed by:



J D Newcomb - Designated member



G P Scott - Designated member


SNS GROUP LLP (REGISTERED NUMBER: OC400312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

SNS Group 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.

Turnover represents net invoiced sales of legal services, excluding value added tax.

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 - 15% on reducing balance
Computer equipment - 25% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 5,021 4,769 9,790
DEPRECIATION
At 1 May 2023 4,290 4,495 8,785
Charge for year 110 274 384
At 30 April 2024 4,400 4,769 9,169
NET BOOK VALUE
At 30 April 2024 621 - 621
At 30 April 2023 731 274 1,005

SNS GROUP LLP (REGISTERED NUMBER: OC400312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,582 10,792
Amounts due from members 29,533 23,203
Other debtors 400 400
Rent deposit 2,439 2,439
Prepayments 1,184 1,193
58,138 38,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,007 4,884
Loans 2,400 2,400
Trade creditors 3,018 3,240
VAT 14,868 10,070
Other creditors 450 450
Accrued expenses 11,515 1,640
37,258 22,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,134 5,007
Bank loans - 2-5 years 4,822 9,956
Loans 2,400 2,400
Other loans - 2-5 years 22,349 24,749
34,705 42,112

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts owed to members would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

9. ULTIMATE CONTROLLING PARTY

There was no single individual or entity controlling the LLP during the period.