Registered number: OC430189
Unaudited financial statements
for the year ended 31 January 2024
for
Sidmaid Llp
Pages for filing with the Registrar
Registered number: OC430189
Sidmaid Llp
Balance sheet
as at 31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 13,983,559 12,373,770
13,983,559 12,373,770
Current assets
Debtors 2,242,419 99,405
Cash at bank and in hand 25,172 140
2,267,591 99,545
Creditors: amounts falling due within one
year 		(457,317) (626,971)
Net current assets/(liabilities) 1,810,274 (527,426)
Total assets less current liabilities 15,793,833 11,846,344
Creditors: Amounts falling due after more
than one year 		(16,142,413) (10,616,399)
NET (LIABILITIES)/ASSETS
ATTRIBUTABLE TO MEMBERS 		(348,580) 1,229,945
Represented by:
Loans and other debts due to members
Members' capital classified as a liability 2,700,000 1,229,945
2,700,000 1,229,945
Members' other interests
Other reserves classified as equity (3,048,580) -
(3,048,580) -
(348,580) 1,229,945
Members' total interests
Loans and other debts due to members 2,700,000 1,229,945
Members' other interests (3,048,580) -
(348,580) 1,229,945
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Registered number: OC430189
Sidmaid Llp
Balance sheet - continued
as at 31 January 2024
The LLP was 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 relating to small LLPs for the year ended 31 January 2024.
The members acknowledge their responsibilities to 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 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the members and authorised for issue on 13 February 2024 and signed on their behalf by:
HAPPY PENNY LIMITED, Designated Member
13 February 2024
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Sidmaid Llp
Notes to the financial statements
for the year ended 31 January 2024
1 General information
Sidmaid Llp is a limited liability partnership registered in England and Wales. Its registered number is OC430189. Its registered office is Hallswelle House, 1 Hallswelle Road, London, London, NW11 0DH.
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 and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
Presentation currency
The LLP's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP's ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Freehold property has not been depreciated.
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Sidmaid Llp
Notes to the financial statements - continued
for the year ended 31 January 2024
2 Accounting policies - continued
Members' transactions with the LLP
Basis of Accounting for Members' Transactions



In accordance with FRS 102 and the Statement of Recommended Practice: Accounting by Limited Liability Partnerships (LLP SORP), transactions and balances involving members are accounted for as follows:



1. Members' Profit Shares

Members' shares of profit or loss are accounted for as an appropriation of profit in the profit and loss account. Profit attributable to members is disclosed after profit before members' remuneration and profit shares.



2. Members' Remuneration

Members' remuneration that is in substance equivalent to a salary (e.g., fixed drawings or guaranteed payments not dependent on LLP profits) is treated as an expense and recognised in the income statement, in accordance with Section 1B of FRS 102 and the LLP SORP.



3. Members' Capital and Drawings

Members' capital contributions are classified as equity or liabilities in accordance with the LLP agreement and FRS 102 Section 22. Drawings made by members in anticipation of profits are recorded in their individual capital accounts and not as an expense in the profit and loss account.



4. Members' Loans
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Land and
buildings
£
Cost
At 1 February 2023 12,373,770
Additions 1,609,789
At 31 January 2024 13,983,559
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Sidmaid Llp
Notes to the financial statements - continued
for the year ended 31 January 2024
4 Tangible fixed assets - continued
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 13,983,559
At 31 January 2023 12,373,770
If Freehold property had not been revalued, F'hold property would have been included at the following historical cost:
2024 2023
£ £
Cost 13,983,559 12,373,770
Accumulated depreciation - -
5 Related party transactions
Included in other debtors are amounts of £820,511 owed by current and former members of the LLP. No interest has been charged.


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