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Company No: OC308359 (England and Wales)

SAVIGNY PARTNERS LLP

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SAVIGNY PARTNERS LLP

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SAVIGNY PARTNERS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 30 June 2024
SAVIGNY PARTNERS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 30 June 2024
DESIGNATED MEMBERS P Mallevays
Savigny Advisory Services Ltd
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
REGISTERED NUMBER OC308359 (England and Wales)
ACCOUNTANT Gravita Business Services II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
SAVIGNY PARTNERS LLP

BALANCE SHEET

As at 30 June 2024
SAVIGNY PARTNERS LLP

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Debtors 3 988 423
Cash at bank and in hand 122,645 13,623
123,633 14,046
Creditors: amounts falling due within one year 4, 6 ( 139,818) ( 97,673)
Net current liabilities (16,185) (83,627)
Total assets less current liabilities (16,185) (83,627)
Net liabilities attributable to members ( 16,185) ( 83,627)
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability 31,491 (1,229,831)
Other amounts 35,951 (31,491)
67,442 (1,261,322)
Loans and other debts due to members after more than one year
Members' capital classified as a liability (143,627) 1,117,695
(143,627) 1,117,695
Members' other interests
Members' capital classified as equity 60,000 60,000
60,000 60,000
(16,185) (83,627)
Total members' interests
Loans and other debts due to members (76,185) (143,627)
Members' other interests 60,000 60,000
(16,185) (83,627)

For the financial year ending 30 June 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of SAVIGNY PARTNERS LLP (registered number: OC308359) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

P Mallevays
Designated member
SAVIGNY PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SAVIGNY PARTNERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Savigny Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 2 Leman Street, London, E1W 9US.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents amounts receivable for services net of VAT. Revenue is recognised when the contractual rights are established.

If, at the year end date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the #tErm1 date are carried forward as work in progress.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

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 Profit and Loss Account 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'.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 1 1

3. Debtors

2024 2023
£ £
Other debtors 988 423

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,020 3,161
Other taxation and social security 30,595 0
Other creditors 103,203 94,512
139,818 97,673

5. Related party transactions

At the year end, the LLP owed £100,000 (2023 - £90,000) to Savigny Advisory Services Limited, a company controlled by the partner, P Mallevays. The loan is interest free and repayable on demand

6. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

7. Ultimate controlling party

The LLP remained under the control of Pierre Mallevays during the accounting period.