1 January 2022 false No description of principal activity Taxfiler 2023.9 true OC433900business:LimitedLiabilityPartnershipLLP2022-01-012022-12-31 OC4339002021-12-31 OC4339002022-01-012022-12-31 OC433900business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 OC433900business:FullAccounts2022-01-012022-12-31 OC4339002022-12-31 OC433900business:PartnerLLP42022-01-012022-12-31 OC433900business:PartnerLLP52022-01-012022-12-31 OC433900business:PartnerLLP62022-01-012022-12-31 OC433900business:RegisteredOffice2022-01-012022-12-31 OC4339002021-12-31 OC433900core:WithinOneYear2022-12-31 OC433900core:WithinOneYear2021-12-31 OC433900core:ShareCapital2022-12-31 OC433900core:ShareCapital2021-12-31 OC433900business:SmallEntities2022-01-012022-12-31 OC433900countries:EnglandWales2022-01-012022-12-31 OC4339002021-01-012021-12-31 iso4217:GBP xbrli:pure
Registered No. OC433900 (England and Wales)
IPI GLOBAL SOLUTIONS LLP Unaudited accounts for the year ended 31 December 2022
IPI GLOBAL SOLUTIONS LLP LLP Information for the year ended 31 December 2022
Designated members
Simply Talk ltd
Aamir Varcie
Ian Watts
Registered Number
OC433900 (England and Wales)
Registered Office
45 PALL MALL ST JAMES'S LONDON SW1Y 5JG UNITED KINGDOM
Accountants
OnTheGo Accountants 330 Holborn Gate High Holborn London WC1V 7QH
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IPI GLOBAL SOLUTIONS LLP Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
4,132 
103,705 
Cash at bank and in hand
15,088 
- 
19,220 
103,705 
Creditors: amounts falling due within one year
(6,453)
(1,800)
Net current assets
12,767 
101,905 
Net assets attributable to members
12,767 
101,905 
Represented by:
Loans and other debts due to members
(277,719)
(176,243)
Members' other interests
Members' capital classified as equity
290,486 
278,148 
12,767 
101,905 
Total members' interests
Loans and other debts due to members
(277,719)
(176,243)
Members' other interests
290,486 
278,148 
12,767 
101,905 
For the year ending 31 December 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 28 September 2023.
Ian Watts Designated member Limited Liability Partnership Registration No. OC433900
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IPI GLOBAL SOLUTIONS LLP Notes to the Accounts for the year ended 31 December 2022
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The members have a reasonable expectation that the partnership has adequate resources to continue in operational existence for the foreseeable future. For this reason the partnership continues to adopt the going concern basis in preparing its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
2
Statutory information
IPI GLOBAL SOLUTIONS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC433900. Its registered office is 45 PALL MALL, ST JAMES'S, LONDON, SW1Y 5JG, UNITED KINGDOM.
3
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
114 
- 
Other creditors
6,339 
- 
Accruals
- 
1,800 
6,453 
1,800 
4
Loans and other debts due to members
2022 
2021 
£ 
£ 
Members' capital classified as a liability
(277,719)
(176,243)
Amounts falling due within one year
(277,719)
(176,243)
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IPI GLOBAL SOLUTIONS LLP Notes to the Accounts for the year ended 31 December 2022
5
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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