Silverfin false false 31/03/2025 01/04/2024 31/03/2025 S M R Clark 21/03/2011 Source Trading Limited 21/03/2011 10 February 2026 The principal activity of the LLP during the financial year was business management. OC362981 2025-03-31 OC362981 bus:Director1 2025-03-31 OC362981 bus:Director2 2025-03-31 OC362981 core:Non-currentFinancialInstruments 2025-03-31 OC362981 core:Non-currentFinancialInstruments 2024-03-31 OC362981 2024-03-31 OC362981 core:CurrentFinancialInstruments 2025-03-31 OC362981 core:CurrentFinancialInstruments 2024-03-31 OC362981 2024-04-01 2025-03-31 OC362981 bus:FilletedAccounts 2024-04-01 2025-03-31 OC362981 bus:SmallEntities 2024-04-01 2025-03-31 OC362981 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC362981 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC362981 bus:Director1 2024-04-01 2025-03-31 OC362981 bus:Director2 2024-04-01 2025-03-31 OC362981 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: OC362981 (England and Wales)

# SOURCE TRADING OVERSEAS LLP

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

SOURCE TRADING OVERSEAS LLP

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

SOURCE TRADING OVERSEAS LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
SOURCE TRADING OVERSEAS LLP

## LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

DESIGNATED MEMBERS | S M R Clark
| Source Trading Limited

REGISTERED OFFICE | Wey Court West
| Union Road
| Farnham
| GU9 7PT
| United Kingdom

REGISTERED NUMBER | OC362981 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

SOURCE TRADING OVERSEAS LLP

## STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025
SOURCE TRADING OVERSEAS LLP

## STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Current assets |  |  |  |
Debtors |  |  |  |
- due after more than one year | 3 | 0 |  | 1,260,771
Cash at bank and in hand | 4 | 45 |  | 105
|  | 45 |  | 1,260,876
Creditors: amounts falling due within one year | 5 | ( 1,350) |  | ( 1,240)
Net current (liabilities)/assets |  | (1,305) |  | 1,259,636
Total assets less current liabilities |  | (1,305) |  | 1,259,636
Net (liabilities)/assets attributable to members |  | ( 1,305) |  | 1,259,636
Represented by |  |  |  |
Members' other interests |  |  |  |
Equity reserve |  | 1,352,995 |  | 1,352,995
Other reserves |  | (1,354,300) |  | (93,359)
|  | (1,305) |  | 1,259,636
|  | (1,305) |  | 1,259,636
Total members' interests |  |  |  |
Members' other interests |  | (1,305) |  | 1,259,636
|  | (1,305) |  | 1,259,636

For the financial 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.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Source Trading Overseas LLP (registered number: OC362981) were approved and authorised for issue by the Board of Directors on 10 February 2026. They were signed on its behalf by:

S M R Clark Designated member |

SOURCE TRADING OVERSEAS LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
SOURCE TRADING OVERSEAS LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Source Trading Overseas LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.
The financial statements have been prepared under the historical cost convention, unless otherwise specified, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
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 Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.
An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.
The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income.
In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 0 |  | 0

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 0 |  | 1,260,771

#### 4. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 45 |  | 105

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 1,350 |  | 1,240