REGISTERED NUMBER: OC314776 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Stephen Garside LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

S B Garside

Merchant & City Traders Limited

REGISTERED OFFICE:

Linen Hall, Suite 631

162-168 Regent Street

London

W1B 5TG

REGISTERED NUMBER:

OC314776 (England and Wales)

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Acting as a firm of Chartered Accountants, registered by the Institute of Chartered Accountants in England & Wales for audit work under the reference C001364686. As of 15 April 2019 the firm sold the practice to Garside and Co. Limited and ran off its operations thereafter. Only settlement from the sale agreement is now due in instalments to February 2028

REVIEW OF BUSINESS

The LLP is required to continue as the final payment from the sale of the goodwill and business is to be paid in instalments upto 2028

DESIGNATED MEMBERS

The designated members during the year under review were:

S B Garside

Merchant & City Traders Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £18,691 (2024 - £9,260 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

S B Garside - Designated member

29 November 2025

TURNOVER

56,200

-

Administrative expenses

(74,891

)

(9,260

)

OPERATING LOSS and

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(18,691

)

(9,260

)

CURRENT ASSETS

Debtors

5

159,394

131,797

Cash at bank

5,687

4,984

165,081

136,781

CREDITORS

Amounts falling due within one year

6

(3

)

(3

)

NET CURRENT ASSETS

165,078

136,778

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

165,078

136,778

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

165,078

136,778

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

165,078

136,778

Amounts due from members

5

(132,582

)

(60,876

)

32,496

75,902

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 29 November 2025 and were signed by:

S B Garside - Designated member

1.	STATUTORY INFORMATION

Stephen Garside LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.	EMPLOYEE INFORMATION

There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

719

DEPRECIATION

At 1 April 2024

and 31 March 2025

719

NET BOOK VALUE

At 31 March 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

20,366

58,731

Other debtors

139,028

73,066

159,394

131,797

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2

2

Other creditors

1

1

3

3

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Loans from members

165,078

136,778

Falling due within one year

165,078

136,778

All members loans are due on demand upon run off of the business.