0 false false false false false false false false false false false false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 665,000 10,979 675,979 675,979 665,000 xbrli:pure xbrli:shares iso4217:GBP OC440399 2024-01-01 2024-12-31 OC440399 2024-12-31 OC440399 2023-12-31 OC440399 2023-01-01 2023-12-31 OC440399 2023-12-31 OC440399 2022-12-31 OC440399 bus:Director1 2024-01-01 2024-12-31 OC440399 bus:Director2 2024-01-01 2024-12-31 OC440399 core:AfterOneYear 2024-12-31 OC440399 core:AfterOneYear 2023-12-31 OC440399 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 OC440399 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 OC440399 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 OC440399 core:Non-currentFinancialInstruments 2024-12-31 OC440399 core:Non-currentFinancialInstruments 2023-12-31 OC440399 bus:SmallEntities 2024-01-01 2024-12-31 OC440399 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 OC440399 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC440399 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC440399 bus:FullAccounts 2024-01-01 2024-12-31
REGISTERED NUMBER: OC440399
Sylvatica Ventures LLP
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Sylvatica Ventures LLP
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
675,979
665,000
---------
---------
Total assets less current liabilities
675,979
665,000
Creditors: amounts falling due after more than one year
5
4,980
4,725
---------
---------
Net assets
670,999
660,275
---------
---------
Represented by:
Loans and other debts due to members
Other amounts
6
670,999
660,275
---------
---------
Members' other interests
Other reserves
–
–
---------
---------
670,999
660,275
---------
---------
Total members' interests
Loans and other debts due to members
6
670,999
660,275
Members' other interests
–
–
---------
---------
670,999
660,275
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 10 September 2025 , and are signed on their behalf by:
G Bradbury
I Bradbury
Designated Member
Designated Member
Registered number: OC440399
Sylvatica Ventures LLP
Notes to the Financial Statements
Year ended 31 December 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 10 Norwich Street, London, EC4A1BD, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A 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' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
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 income and retained earnings 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.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
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 income and retained earnings 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'.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors, taxes receivable and cash at bank, are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors, bank and other loans and taxes due are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4.
Investments
Other investments other than loans
£
Cost
At 1 January 2024
665,000
Additions
10,979
---------
At 31 December 2024
675,979
---------
Impairment
At 1 January 2024 and 31 December 2024
–
---------
Carrying amount
At 31 December 2024
675,979
---------
At 31 December 2023
665,000
---------
5. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
4,980
4,725
-------
-------
6.
Loans and other debts due to members
2024
2023
£
£
Amounts owed to members in respect of profits
670,999
660,275
---------
---------