SOUSOU PARTNERS LLP

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: OC315134

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		72,116		72,274

			72,116		72,274
CURRENT ASSETS
Debtors		1,903,979		2,354,140
Cash at bank and in hand		-		396

		1,903,979		2,354,536
Creditors: Amounts Falling Due Within One Year		(1,353,836 )		(1,104,920 )

NET CURRENT ASSETS (LIABILITIES)			550,143		1,249,616

TOTAL ASSETS LESS CURRENT LIABILITIES			622,259		1,321,890

Creditors: Amounts Falling Due After More Than One Year			(396,281 )		(1,102,970 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			225,978		218,920

REPRESENTED BY:
Equity
Members' other interests
Members' capital		3,000		3,000
Other reserves		222,978		215,920

			225,978		218,920

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,599,102)		(2,064,383)
Members' other interests			225,978		218,920

			(1,373,124)		(1,845,463)

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SOUSOU PARTNERS LLP

Abridged Balance Sheet (continued)

As At 31 December 2024

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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

Mr Nikolaos Boudouvas

Designated Member

21/03/2025

The notes on page 3 form part of these financial statements.

1. General Information

SOUSOU PARTNERS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC315134 . The Registered Office is 94 Maida Vale, London, W9 1PR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20%
Plant & Machinery	25%
Fixtures & Fittings	50%
Computer Equipment	50%

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 9 (2023: 9)

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	155,289
Additions	4,029

As at 31 December 2024	159,318

Depreciation
As at 1 January 2024	83,015
Provided during the period	4,187

As at 31 December 2024	87,202

...CONTINUED

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SOUSOU PARTNERS LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	72,116

As at 1 January 2024	72,274

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