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REGISTERED NUMBER: OC385262 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

SYRACUSE PARTNERS LLP

SYRACUSE PARTNERS LLP (REGISTERED NUMBER: OC385262)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SYRACUSE PARTNERS LLP

GENERAL INFORMATION
for the period 1 June 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr M Jenkins
Mr D Scatola





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: OC385262 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SYRACUSE PARTNERS LLP (REGISTERED NUMBER: OC385262)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,209 2,726

CURRENT ASSETS
Debtors 369,605 380,516
Cash at bank 198,456 221,035
568,061 601,551
CREDITORS
Amounts falling due within one year 581,518 536,749
NET CURRENT (LIABILITIES)/ASSETS (13,457 ) 64,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,752

67,528

CREDITORS
Amounts falling due after more than one year 23,333 38,100
NET ASSETS ATTRIBUTABLE TO
MEMBERS

12,419

29,428

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

12,419

29,428

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 12,419 29,428
Amounts due from members (321,477 ) (294,289 )
(309,058 ) (264,861 )

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 31 March 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.

SYRACUSE PARTNERS LLP (REGISTERED NUMBER: OC385262)

ABRIDGED BALANCE SHEET - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 29 January 2025 and were signed by:





Mr M Jenkins - Designated member

SYRACUSE PARTNERS LLP (REGISTERED NUMBER: OC385262)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

Syracuse Partners Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

SYRACUSE PARTNERS LLP (REGISTERED NUMBER: OC385262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 20,705
Additions 59,600
At 31 March 2024 80,305
DEPRECIATION
At 1 June 2023 17,979
Charge for period 13,117
At 31 March 2024 31,096
NET BOOK VALUE
At 31 March 2024 49,209
At 31 May 2023 2,726

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 45,033

Bank loan is secured by the personal guarantee of the members.

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank equally in relation to other creditors.