ACCOUNTS - Final Accounts

Loans and other debts due to members

Registered number: OC343104

SYLLOGISM LLP

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

SYLLOGISM LLP

INFORMATION

Designated Members

Dr. Christopher Ross Lake

Mrs Jennifer Aydelott Lake

SYLLOGISM LLP

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 5

SYLLOGISM LLP

REGISTERED NUMBER: OC343104

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible assets		469		1,270
		469		1,270
Current assets
Debtors	1,224		2,169
Cash at bank and in hand	110		-
	1,334		2,169
Creditors: Amounts Falling Due Within One Year	(2,550)		(5,122)
Net current liabilities		(1,216)		(2,953)
Total assets less current liabilities		(747)		(1,683)

Net liabilities		(747)		(1,683)

Represented by:
Loans and other debts due to members within one year
Other amounts	4	(747)	(1,683)
		(747)	(1,683)

		(747)	(1,683)

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to entities subject to the small LLPs regime.

Page 1

SYLLOGISM LLP

REGISTERED NUMBER: OC343104

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 12 September 2025.

................................................

Dr. Christopher Ross Lake

Designated member

The notes on pages 3 to 5 form part of these financial statements.

Page 2

SYLLOGISM LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Syllogism LLP is a limited liability partnership incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The LLP’s principal activity is to deliver tailored recruitment and management consultancy services to help organisations achieve their business goals.

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

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. The members have a reasonable expectation that the partnership has adequate resources to continue in operational existence for the foreseeable future. For this reason the partnership continues to adopt the going concern basis in preparing its financial statements.

2.3

Revenue recognition

Turnover comprises revenue recognised by the LLP in respect of recruitment and management consultancy services supplied during the year.
The Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and it can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the LLP will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; - the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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SYLLOGISM LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

In the event of the LLP making losses, the loss is recognised as a debit within equity under 'Other reserves' if not divided automatically.

Employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:

	2025	2024
	No.	No.

Management	2	2

Page 4

SYLLOGISM LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025


Other amounts due from members	(747)	(1,683)
	(747)	(1,683)

Loans and other debts due to members may be further analysed as follows:

					28 February	29 February
					2025	2024
					£	£


Falling due within one year	(747)	(1,683)
	(747)	(1,683)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

Page 5