Evergreen Members LLP OC367614 false 2024-01-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of legal services. Digita Accounts Production Advanced 6.30.9574.0 Software OC367614 2024-01-01 2025-03-31 OC367614 2025-03-31 OC367614 core:CurrentFinancialInstruments 2025-03-31 OC367614 bus:SmallEntities 2024-01-01 2025-03-31 OC367614 bus:AuditExemptWithAccountantsReport 2024-01-01 2025-03-31 OC367614 bus:FullAccounts 2024-01-01 2025-03-31 OC367614 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-03-31 OC367614 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2025-03-31 OC367614 countries:AllCountries 2024-01-01 2025-03-31 OC367614 2023-01-01 2023-12-31 OC367614 2023-12-31 OC367614 core:CurrentFinancialInstruments 2023-12-31 iso4217:GBP xbrli:pure

Registration number: OC367614

Evergreen Members LLP
Annual Report and Unaudited Financial Statements
for the period from 1 January 2024 to 31 March 2025

Evergreen Members LLP

(Registration number: OC367614)
Balance Sheet as at 31 March 2025

| Note | 31 March 2025 £ | 31 December 2023 £
Current assets |  |  |
Debtors | 3 | 2,663 | 3,078
Cash and short-term deposits |  | 20,512 | 11,895
|  | 23,175 | 14,973
Creditors: Amounts falling due within one year | 4 | (10,921) | (9,714)
Net assets attributable to members |  | 12,254 | 5,259
Represented by: |  |  |
Loans and other debts due to members |  | 12,242 | 10,215
Other reserves |  | - | (4,968)
|  | 12,242 | 5,247
Members’ other interests |  |  |
Members' capital classified as equity |  | 12 | 12
|  | 12,254 | 5,259
Total members' interests |  |  |
Amounts due from members |  | (2,663) | (3,078)
Loans and other debts due to members | 5 | 12,242 | 10,215
Members' capital classified as equity |  | 12 | 12
Other reserves |  | - | (4,968)
|  | 9,591 | 2,181

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 to LLPs, relating to small entities.

These financial statements have been prepared in accordance with the special provisions relating to LLPs subject to the small LLPs regime within Part 15 of the Companies Act 2006, as applied to LLPs.

These financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime, as applied to LLPs, and the option not to file the Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying 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 with respect to accounting records and the preparation of accounts.

The financial statements of Evergreen Members LLP (registered number OC367614) were approved by the members and authorised for issue on 10 December 2025. They were signed on behalf of the LLP by:

N Winsley
Designated member

Evergreen Members LLP

Notes to the Financial Statements for the period from 1 January 2024 to 31 March 2025

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.

Basis of preparation

The limited liability partnership is incorporated in the England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Companies Act 2006 and the Statement of Recommended Practice Accounting by Limited Liability Partnerships.
The functional currency of Evergreen Members LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.

Judgements

These financial statements do not contain any significant judgements or estimation uncertainty.

Members' remuneration and division of profits

A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

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.

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Evergreen Members LLP

Notes to the Financial Statements for the period from 1 January 2024 to 31 March 2025

Recognition and Measurement

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Impairment of financial assets

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 LLP during the period was 0 (2023 - 0).

Evergreen Members LLP

Notes to the Financial Statements for the period from 1 January 2024 to 31 March 2025

3 | Debtors

| 1 January 2024 to 31 March 2025 £ | Year ended 31 December 2023 £
Amounts due from members | 2,663 | 3,078

4 | Creditors: Amounts falling due within one year

| 1 January 2024 to 31 March 2025 £ | Year ended 31 December 2023 £
Other creditors | 7,674 | 7,674
Accruals | 3,247 | 2,040
| 10,921 | 9,714

5 | Loans and debts due to members

| 1 January 2024 to 31 March 2025 £ | Year ended 31 December 2023 £
Amounts owed to members in respect of profits | 12,242 | 10,215

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.