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S16.PARTNERS LIMITED

Registered Number
11407706
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

S16.PARTNERS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Adrian Palmer-Geaves
Thomas Masters

Registered Address

24 Old Bond Street
London
W1S 4AP

Registered Number

11407706 (England and Wales)
S16.PARTNERS LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investments350,00150,001
50,00150,001
Current assets
Debtors4111,81250,953
Cash at bank and on hand41,34853,877
153,160104,830
Creditors amounts falling due within one year5(26,966)(30,476)
Net current assets (liabilities)126,19474,354
Total assets less current liabilities176,195124,355
Creditors amounts falling due after one year6(180,962)(180,962)
Net assets(4,767)(56,607)
Capital and reserves
Called up share capital123111
Share premium4,244-
Profit and loss account(9,134)(56,718)
Shareholders' funds(4,767)(56,607)
The financial statements were approved and authorised for issue by the Board of Directors on 19 May 2025, and are signed on its behalf by:
Adrian Palmer-Geaves
Director
Thomas Masters
Director

Registered Company No. 11407706
S16.PARTNERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis despite the net liability position reported at the balance sheet date. The company is now generating annual profits which are expected to continue and will result in the company reporting a solvent balance sheet in the forseeable future. A loan from a group company will remain in the business until cash flow allows for repayments to be made.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20252024
Average number of employees during the year11
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2450,00150,001
At 31 March 2550,00150,001
Net book value
At 31 March 2550,00150,001
At 31 March 2450,00150,001

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables98,43637,649
Other debtors13,37613,304
Total111,81250,953
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables1555,656
Taxation and social security16,30219,115
Other creditors8,7114,013
Accrued liabilities and deferred income1,7981,692
Total26,96630,476
6.Creditors: amounts due after one year

2025

2024

££
Amounts owed to related parties180,962180,962
Total180,962180,962
7.Related party transactions
Within creditors amounts falling due after more than one year is an amount of £180,962 (2024 - £180,962) due to an associated company, AAPG Investments UK Limited, the loan is interest free and not due for repayment until after 31 March 2026.