Company No:
Contents
| DESIGNATED MEMBERS | Slater And Gordon UK Limited |
| Slater & Gordon (UK) 1 Limited |
| REGISTERED OFFICE | First Floor |
| Lee House | |
| 90 Great Bridgewater Street | |
| Manchester | |
| M1 5JW | |
| United Kingdom |
| REGISTERED NUMBER | OC371153 (England and Wales) |
The members present their annual report together with the unaudited financial statements of Slater & Gordon (UK) 2 LLP (the "LLP") for the financial year ended 31 December 2024.
PRINCIPAL ACTIVITIES
GOING CONCERN
DESIGNATED MEMBERS
The designated members, who served the LLP during the financial year and to the date of this report, except as noted, were as follows:
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POLICY REGARDING MEMBERS' DRAWINGS AND THE SUBSCRIPTION AND REPAYMENT OF AMOUNTS SUBSCRIBED OR OTHERWISE CONTRIBUTED BY MEMBERS
Each member's subscription to the capital of the LLP is determined by their share of the profit.
Details of changes in members' capital in the financial year ended 31 December 2024 are set out in the financial statements.
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the financial year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.
SMALL LIMITED LIABILITY PARTNERSHIP PROVISIONS STATEMENT
The LLP has taken advantage of the exemption in Section 414 A(2) of the Companies Act 2006 from the requirement to prepare a Strategic Report and in preparing the Directors' Report on the basis that it would be entitled to prepare financial statements for the year in accordance with the small companies regime but for being a member of an ineligible group.
Approved by the members and signed on their behalf by:
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Slater & Gordon (Uk) 1 Limited
Designated member |
| 2024 | 2023 | |||
| £ | £ | |||
| Net current assets | 0 | 0 | ||
| Total assets less current liabilities | 0 | 0 | ||
| Net assets attributable to members |
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Members' responsibilities:
Slater & Gordon (UK) 2 LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
The financial statements of Slater & Gordon (UK) 2 LLP (registered number:
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Slater & Gordon (Uk) 1 Limited
Designated member |
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.
Slater & Gordon (UK) 2 LLP ('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 First Floor, Lee House, 90 Great Bridgewater Street, Manchester, England, M1 5JW.
The financial statements have been prepared under the historical cost convention, and in accordance with Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council, the requirements of the Limited Liability Partnerships Act 2000 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 £.
The LLP's ultimate parent undertaking, Slater and Gordon UK Holdings Limited includes the LLP in its consolidated financial statements, see note 6 for further details. In these financial statements, the LLP is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:
- Cash Flow Statement and related notes; and
- Key Management Personnel compensation.
The members have assessed the balance sheet and likely future cash flows at the date of approving these financial statements. Given the LLP is dormant and has no external liabilities, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial year in which the estimate is revised if the revision affects only that financial year, or in the financial year of the revision and future financial years if the revision affects both current and future financial years.
The designated members do not consider that any critical judgements have been made in the application of the LLP's accounting policies and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the financial year.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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There were no employees employed by the LLP during the current and prior year. The directors are corporate entities.
The LLP has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the Group of which the LLP is a wholly owned member.
No member's remuneration was paid during the current or prior year.
| 2024 | 2023 | ||
| £ | £ | ||
| Members' capital classed as equity | 0 | 0 | |
| Other amounts | 0 | 0 | |
| 0 | 0 |
Members' interests rank pari passu with other unsecured creditors in the event of a winding up of the LLP. At 31 December 2024: £nil (31 December 2023: £nil) is owed to the corporate members for loans and share of profit.
In the opinion of the LLP's designated members, the ultimate controlling party is considered to be Slater and Gordon UK Holdings Limited, by virtue of it's controlling right and interest in the Limited Liability Partnership.