REGISTERED NUMBER: OC370675 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SLCE ARCHITECTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

J Davidson

SLCE Holdings Limited

REGISTERED OFFICE:

First Floor

61 Queen Anne Street

London

W1G 9HH

REGISTERED NUMBER:

OC370675 (England and Wales)

INDEPENDENT AUDITORS:

MGR Weston Kay LLP

Statutory Auditors

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

3

3,205

4,274

CURRENT ASSETS

Debtors

4

51,604

56,835

Cash at bank

13,543

1,086

65,147

57,921

CREDITORS

Amounts falling due within one year

5

(11,322

)

(16,841

)

NET CURRENT ASSETS

53,825

41,080

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

57,030

45,354

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

2,045,608

1,866,208

MEMBERS' OTHER INTERESTS

Other reserves

(1,988,578

)

(1,820,854

)

57,030

45,354

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,045,608

1,866,208

Members' other interests

(1,988,578

)

(1,820,854

)

57,030

45,354

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.

The financial statements were approved by the members of the LLP and authorised for issue on 22 August 2025 and were signed by:

J Davidson - Designated member

1.	ACCOUNTING POLICIES

Limited liability partnership information

SLCE Architects LLP is a limited liability partnership incorporated in England and Wales. The registered office is 78 Pall Mall, London, United Kingdom, SW1Y 5ES.

Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with FRS 102 Section 1A - “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

These financial statements are prepared on the going concern basis. The limited liability partnership continues to look for opportunities and projects within the sector for which it can provide architectural services.

The financial statements do not include any adjustments that might result from the withdrawal of this support and the members are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements. One of the members will provide sufficient funding to meet its day to day requirements for a period of at least 12 months from the date of these accounts.

Cash at bank

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies 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.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

8,614

DEPRECIATION

At 1 January 2024

4,340

Charge for year

1,069

At 31 December 2024

5,409

NET BOOK VALUE

At 31 December 2024

3,205

At 31 December 2023

4,274

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by participating interests

27,076

25,043

Other debtors

24,528

31,792

51,604

56,835

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

3,788

8,902

Taxation and social security

516

922

Other creditors

7,018

7,017

11,322

16,841

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

6,729

87,120

Between one and five years

-

480

6,729

87,600

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.12.24

31.12.23

£

£

Amounts owed to members in respect of profits

2,045,608

1,866,208

Falling due within one year

2,045,608

1,866,208

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

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Sarah Yardley BSc ACA (Senior Statutory Auditor)

for and on behalf of MGR Weston Kay LLP

9.	RELATED PARTY DISCLOSURES

At the year end, the limited liability partnership was owed £27,076 (2023: £25,042) by SLCE Holdings Limited, its immediate parent entity.

10.	PARENT COMPANY

The ultimate parent entity is SLCE Architects LLP, a limited liability partnership incorporated in United States of America. SLCE Architects, LLP's registered office is 1359 Broadway, New York City, New York, 10018.