SOHO SQUARE SERVICES LLP - Filleted accounts

Registered number

OC429030

SOHO SQUARE SERVICES LLP

Filleted Accounts

31 March 2025

SOHO SQUARE SERVICES LLP
Registered number:		OC429030
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Investments		5		5
Current assets
Debtors	3	376,531		537,349
Cash at bank and in hand		22,095		(2,672)
		398,626		534,677

Creditors: amounts falling due within one year	4	(397,926)		(534,291)

Net current assets		700		386

Total assets less current liabilities		705		391



Net assets attributable to members		705		391

Represented by:
Loans and other debts due to members	5	(6,810)		(6,810)

Members' other interests
Members' capital classified as equity		10		10
Other reserves		7,505		7,191
		7,515		7,201

		705		391

Total members' interests
Loans and other debts due to members	5	(6,810)		(6,810)
Members' other interests		7,515		7,201

		705		391

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 22 December 2025 and signed on their behalf by:


Rhonda Nicoll
Designated member

SOHO SQUARE SERVICES LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the LLP	2		2


3	Debtors	2025		2024
£			£

	Trade debtors	175,560		91,138
	Amounts owed by group undertakings and undertakings in which the LLP has a participating interest	60,986		50,308
	Other debtors	139,985		395,903
		376,531		537,349


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	138,433		355,125
	Amounts owed to group undertakings and undertakings in which the LLP has a participating interest	137,934		48,372
	Other creditors	121,559		130,794
		397,926		534,291


5	Loans and other debts due to members	2025		2024
£			£

	Amounts due to members in respect of profits	(6,810)		(6,810)

	Amounts falling due within one year	(6,810)		(6,810)

	Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.


6	Related party transactions

	A total of £1,040,879 [2024: £1,467,042] of income was receivable from Soho Square Capital LLP, a company under common control, with a balance due to at year end of £137,934 [2024: £48,372]. The group has taken advantage of the exemption under paragraph 33.1A FRS 102 "Related Party Disclosures" and not disclosed transactions between group entities as the subsidiaries are wholly owned subsidiaries.


7	Controlling party

	The ultimate controlling party is Walid Fakhry.


8	Other information

	SOHO SQUARE SERVICES LLP is a limited liability partnership incorporated in England. Its registered office is:
	44 Russell Square
	London
	WC1B 4JP