Sloane & Co LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC314505

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		300,000		300,000
Tangible Assets	5		5,981		4,555

			305,981		304,555
CURRENT ASSETS
Stocks	6	14,350		15,753
Debtors	7	125,224		132,618
Cash at bank and in hand		224,161		272,537

		363,735		420,908
Creditors: Amounts Falling Due Within One Year	8	(392,854 )		(337,336 )

NET CURRENT ASSETS (LIABILITIES)			(29,119 )		83,572

TOTAL ASSETS LESS CURRENT LIABILITIES			276,862		388,127

Creditors: Amounts Falling Due After More Than One Year	9		(15,175 )		(29,590 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			261,687		358,537

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		261,687		358,537

			261,687		358,537

			261,687		358,537

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			261,687		358,537

			261,687		358,537

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Sloane & Co LLP

Balance Sheet (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 Profit and Loss Account.

On behalf of the members

Mr Mark Allen Designated Member	Mr Rishi Lokye Designated Member
23 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sloane & Co LLP is a limited liability partnership, incorporated in England & Wales, registered number OC314505 . The Registered Office is Office 015, 30 Great Guildford Street, Borough, London, SE1 0HS.

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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Plant & Machinery	25% written down value
Fixtures & Fittings	25% written down value

2.5. 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.

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Sloane & Co LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	300,000

As at 31 March 2025	300,000

Net Book Value
As at 31 March 2025	300,000

As at 1 April 2024	300,000

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	8,160	4,859	13,019
Additions	-	1,426	1,426

As at 31 March 2025	8,160	6,285	14,445

Depreciation
As at 1 April 2024	5,607	2,857	8,464

As at 31 March 2025	5,607	2,857	8,464

Net Book Value
As at 31 March 2025	2,553	3,428	5,981

As at 1 April 2024	2,553	2,002	4,555

6. Stocks

	31 March 2025	31 March 2024
	£	£
Work in progress	14,350	15,753

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Sloane & Co LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	116,670	132,618
Other debtors	8,554	-

	125,224	132,618

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	6,033	9,652
Bank loans and overdrafts	866	1,558
Other creditors	344,124	256,346
Taxation and social security	41,831	69,780

	392,854	337,336

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	15,175	29,590

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