Registered number
OC434465
Stonebridge (UK1) LLP
Unaudited Accounts
29 May 2024
Stonebridge (UK1) LLP
Registered number: OC434465
Balance Sheet
as at 29 May 2024
Notes 2024 2022
£ £
Current assets
Cash at bank and in hand 2 2
Net current assets 2 2
Total assets less current liabilities 2 2
Net assets attributable to members 2 2
Represented by:
Members' other interests
Members' capital classified as equity 2 2
2 2
Total members' interests
Members' other interests 2 2
2 2
For the period ended 29 May 2024 the LLP was entitled to exemption from audit under section 477 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.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 21 February 2025 and signed on their behalf by:
Stonebridge Private Office Ltd
Designated member
Stonebridge (UK1) LLP
Notes to the Accounts
for the period from 30 November 2022 to 29 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2022
Number Number
Average number of persons employed by the LLP - -
3 Controlling party
The members are the controlling and ultimate controlling party by virtue of their controlling interest in the limited liability partnership.
4 Other information
Stonebridge (UK1) LLP is a limited liability partnership incorporated in England. Its registered office is:
Nyman Libson Paul Regina House
124 Finchley Road
London
NW3 5JS
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