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Registration number: OC301641

Southern Foam Convertors (UK) LLP
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 December 2024

Southern Foam Convertors (UK) LLP

Contents

Limited liability partnership information | 1
Abridged Financial Statements | 2 to 4
Abridged Balance Sheet | 2
Notes to the Abridged Financial Statements | 3

Southern Foam Convertors (UK) LLP

Limited liability partnership information

Members | Mr P G F Flack

Registered office | Unit 1 Dial Post Park Horsham Road Rusper West Sussex RH12 4QX

Accountants | TAX LINK(CTA) GROUP LIMITED The Long Lodge 265-269 Kingston Road Wimbledon London SW19 3NW

Southern Foam Convertors (UK) LLP

(Registration number: OC301641)
Abridged Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Cash and short-term deposits |  | 1,000 | 1,000
Net assets attributable to members |  | 1,000 | 1,000
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 1,000 | 1,000
|  | 1,000 | 1,000
Total members' interests |  |  |
Loans and other debts due to members |  | 1,000 | 1,000
|  | 1,000 | 1,000

For the year ending 31 December 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

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

The financial statements of Southern Foam Convertors (UK) LLP (registered number OC301641) were approved by the Board and authorised for issue on 3 December 2025. They were signed on behalf of the limited liability partnership by:

......................................... Mr P G F Flack Member

Southern Foam Convertors (UK) LLP

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Southern Foam Convertors (UK) LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the partnership has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Borrowing costs which are directly attributable to the construction of tangible fixed assets are capitalised as part of the cost of those assets. The commencement of capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

Southern Foam Convertors (UK) LLP

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 1 (2023 - 1).

3 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.