Registered No. OC422494 (England and Wales)
Skywire Partners Llp
Unaudited accounts
for the period from 1 April 2023 to 30 September 2024
Skywire Partners Llp
LLP Information
for the period from 1 April 2023 to 30 September 2024
Designated members
Mrs Eva Hoff
Registered Number
OC422494 (England and Wales)
Registered Office
2 Swinton House, 85 Gloucester Terrace
London
W2 3HB
England
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Skywire Partners Llp
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
-
16,159
Creditors: amounts falling due within one year
(585,814)
(495,502)
Net current liabilities
(544,256)
(479,343)
Net liabilities attributable to members
(544,256)
(479,343)
Loans and other debts due to members
(744,786)
(689,783)
Members' capital classified as equity
200,530
210,440
Loans and other debts due to members
(744,786)
(689,783)
Members' other interests
200,530
210,440
For the period ending 30 September 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 4 March 2025.
Mr Alex Judd
Designated member
Limited Liability Partnership Registration No. OC422494
Skywire Partners Llp
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
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.
The accounts are presented in £ sterling.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed,
remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP
does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Skywire Partners Llp is a limited liability partnership, incorporated in England and Wales, registration number OC422494. Its registered office is 2 Swinton House, 85 Gloucester Terrace, London, W2 3HB, England.
3
Creditors: amounts falling due within one year
2024
2023
Trade creditors
420,006
309,451
Taxes and social security costs
-
20,243
Other creditors
165,808
165,808
Skywire Partners Llp
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
4
Loans and other debts due to members
2024
2023
Loans from members
(744,786)
(689,783)
Amounts falling due within one year
(744,786)
(689,783)
5
Transactions with related parties
During a previous accounting period Skywire Partners LLP ("SP") entered into a Licence agreement with Skywire Limited ("SL"). SP and SL are related by virtue of the fact that Mr Alexander Judd and Ms Eva Hoff are Shareholders and Directors of SL as well as being Designated Members of SP.
During the accounting period there were charges between SL and SP as follows:
- A revenue share from SL to SP of £nil (2023: £1,212,899).
- Operating cost recharges due from SP to SL of £nil (2023: £747,296)
- Licence fees due from SP to SL of £nil (2023: £212,257)
At 30 September 2024 the balance due to SL from SP was £420,006 (2023: £309,451)
The trade of Skywire Partners LLP ceased as of 31 March 2023, terminating the licence agreement between SP and SL..
6
Average number of employees
During the period the average number of employees was 0 (2023: 0).