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
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
IPI GLOBAL SOLUTIONS LLP
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
15,088
-
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
Loans and other debts due to members
(277,719)
(176,243)
Members' capital classified as equity
290,486
278,148
Loans and other debts due to members
(277,719)
(176,243)
Members' other interests
290,486
278,148
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
IPI GLOBAL SOLUTIONS LLP
Notes to the Accounts
for the year ended 31 December 2022
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.
The accounts are presented in £ sterling.
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 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.
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.
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
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)
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).