SO Souk LLP

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: OC419168

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		26,518		1,224

			26,518		1,224
CURRENT ASSETS
Stocks	5	40,200		33,000
Debtors	6	5,048		2,625
Cash at bank and in hand		10,479		13,850

		55,727		49,475
Creditors: Amounts Falling Due Within One Year	7	(6,182 )		(8,820 )

NET CURRENT ASSETS (LIABILITIES)			49,545		40,655

TOTAL ASSETS LESS CURRENT LIABILITIES			76,063		41,879

NET ASSETS ATTRIBUTABLE TO MEMBERS			76,063		41,879

REPRESENTED BY:
Loans and other debts due to members
Other amounts		76,063		41,879

			76,063		41,879

			76,063		41,879

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			76,063		41,879

			76,063		41,879

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SO Souk LLP

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Income Statement.

On behalf of the members

Mrs J Peppiatt

Designated Member

11 November 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

SO Souk LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419168 . The Registered Office is North Barn, Manor Farm Business Park, Appletree Road, Chipping Warden, Banbury, Oxfordshire, OX17 1LN.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Motor Vehicles	20% Reducing Balance
Office Equipment	20% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2024	-	1,624	1,624
Additions	23,620	2,206	25,826

As at 31 March 2025	23,620	3,830	27,450

Depreciation
As at 1 April 2024	-	400	400
Provided during the period	-	532	532

As at 31 March 2025	-	932	932

Net Book Value
As at 31 March 2025	23,620	2,898	26,518

As at 1 April 2024	-	1,224	1,224

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SO Souk LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	40,200	33,000

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	5,048	2,625

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	2,869	4,612
Taxation and social security	3,313	4,208

	6,182	8,820

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