IRIS Accounts Production v24.3.2.46 OC446883 designated member designated member 14.4.23 30.4.24 30.4.24 0 false true false false true false 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4468832023-04-13OC4468832024-04-30OC4468832023-04-142024-04-30OC4468832023-04-13OC446883ns15:EnglandWales2023-04-142024-04-30OC446883ns14:PoundSterling2023-04-142024-04-30OC446883ns10:PartnerLLP12023-04-142024-04-30OC446883ns10:PartnerLLP22023-04-142024-04-30OC446883ns10:LimitedLiabilityPartnershipLLP2023-04-142024-04-30OC446883ns10:SmallEntities2023-04-142024-04-30OC446883ns10:AuditExemptWithAccountantsReport2023-04-142024-04-30OC446883ns10:SmallCompaniesRegimeForAccounts2023-04-142024-04-30OC446883ns10:LimitedLiabilityPartnershipsSORP2023-04-142024-04-30OC446883ns10:FullAccounts2023-04-142024-04-30OC446883ns10:RegisteredOffice2023-04-142024-04-30OC446883ns5:CurrentFinancialInstruments2024-04-30
REGISTERED NUMBER: OC446883 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 14 April 2023 to 30 April 2024

for

SGH Partnership LLP

SGH Partnership LLP (Registered number: OC446883)

Contents of the Financial Statements
for the Period 14 April 2023 to 30 April 2024










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 4

Income Statement 5

Balance Sheet 6

Notes to the Financial Statements 8


SGH Partnership LLP

General Information
for the Period 14 April 2023 to 30 April 2024







DESIGNATED MEMBERS: Mr S Walters
Mrs G Walters





REGISTERED OFFICE: 34 Vernons Close
Henham
Hertfordshire
CM22 6AF





REGISTERED NUMBER: OC446883 (England and Wales)

SGH Partnership LLP (Registered number: OC446883)

Report of the Members
for the Period 14 April 2023 to 30 April 2024


The members present their report with the financial statements of the LLP for the period 14 April 2023 to 30 April 2024.

INCORPORATION
The LLP was incorporated on 14 April 2023 and commenced trading on the same date.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of property letting.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mr S Walters
Mrs G Walters

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The loss for the period before members' remuneration and profit shares was £8,827.

MEMBERS' INTERESTS
The members take drawings from the LLP's profits that have been allocated to them at the absolute discretion of the designated members as set out in the LLP agreement.

The members provide capital to the LLP in the amounts required for the purposes of the business from time to time. Balances owed to withdrawing members are repaid at par.

MEMBERS' RESPONSIBILITIES STATEMENT
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.


SGH Partnership LLP (Registered number: OC446883)

Report of the Members
for the Period 14 April 2023 to 30 April 2024

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





Mr S Walters - Designated member


28 January 2025

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
SGH Partnership LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of SGH Partnership LLP for the period ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of SGH Partnership LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SGH Partnership LLP and state those matters that we have agreed to state to the members of SGH Partnership LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SGH Partnership LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that SGH Partnership LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SGH Partnership LLP. You consider that SGH Partnership LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of SGH Partnership LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HSA & Co
Chartered Accountants
Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF


Date: .............................................

SGH Partnership LLP (Registered number: OC446883)

Income Statement
for the Period 14 April 2023 to 30 April 2024

£   

TURNOVER -

Administrative expenses 8,827
OPERATING LOSS and
LOSS FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(8,827




)

SGH Partnership LLP (Registered number: OC446883)

Balance Sheet
30 April 2024

Notes £   
CURRENT ASSETS
Debtors 1,533
Cash at bank 19
1,552
CREDITORS
Amounts falling due within one year 4 1,552
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

TOTAL MEMBERS' INTERESTS
Amounts due from members (1,533 )

SGH Partnership LLP (Registered number: OC446883)

Balance Sheet - continued
30 April 2024


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 period 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 28 January 2025 and were signed by:





Mr S Walters - Designated member

SGH Partnership LLP (Registered number: OC446883)

Notes to the Financial Statements
for the Period 14 April 2023 to 30 April 2024


1. STATUTORY INFORMATION

SGH Partnership 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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,552

5. GOING CONCERN

The partnership incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the partnership will continue to receive sufficient financial support from its members to provide sufficient funds to enable it to meet its liabilities as they fall due.