REGISTERED NUMBER: OC308786 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

The Sykes Partnership LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr S M Sykes

Mrs F A Sykes

REGISTERED OFFICE:

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

OC308786 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

The members present their report with the financial statements of the LLP for the year ended 5 April 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr S M Sykes

Mrs F A Sykes

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £175,852 (2024 - £80,406 profit).

MEMBERS' INTERESTS

During the period the members receive monthly drawings and from time to time, additional profit distributions. The policy for the level and timing of the additional members remuneration is determined by the board and takes into account the partnerships cash requirements for operating and investment activities. The monthly drawings represent payments on account of current year remuneration and may be reclaimable from members until profits have been allocated.

Profits are allocated as agreed between the partners, in accordance with the members agreement.

ON BEHALF OF THE MEMBERS:

Mr S M Sykes - Designated member

12 December 2025

TURNOVER

187,495

109,295

Cost of sales

(1,890

)

(17,902

)

GROSS PROFIT

185,605

91,393

Administrative expenses

(9,753

)

(11,055

)

OPERATING PROFIT

4

175,852

80,338

Interest receivable and similar income

-

68

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

175,852

80,406

FIXED ASSETS

Tangible assets

5

2,222

1,875

CURRENT ASSETS

Debtors

6

47,224

7,286

Cash at bank

3,461

7,922

50,685

15,208

CREDITORS

Amounts falling due within one year

7

(8,320

)

(8,209

)

NET CURRENT ASSETS

42,365

6,999

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

44,587

8,874

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

44,587

8,874

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

44,587

8,874

Amounts due from members

6

(21,702

)

-

22,885

8,874

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 5 April 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 12 December 2025 and were signed by:

Mr S M Sykes - Designated member

Mrs F A Sykes - Designated member

1.	STATUTORY INFORMATION

The Sykes Partnership 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

Year Ended

to

5.4.25

5.4.24

£

£

Depreciation - owned assets

556

469

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 6 April 2024

3,339

Additions

1,623

Disposals

(1,676

)

At 5 April 2025

3,286

DEPRECIATION

At 6 April 2024

1,464

Charge for year

556

Eliminated on disposal

(956

)

At 5 April 2025

1,064

NET BOOK VALUE

At 5 April 2025

2,222

At 5 April 2024

1,875

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,031

6,675

Other debtors

25,193

611

47,224

7,286

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

431

262

Taxation and social security

5,342

5,815

Other creditors

2,547

2,132

8,320

8,209

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

44,587

8,874

Falling due within one year

44,587

8,874

Loans and other debts to members represent profits allocated but not yet paid to members. They would rank alongside any other unsecured loans or creditors.