Registered number
OC356315
VALMECA UNIVERSAL LLP
Filleted Accounts
31 July 2023
VALMECA UNIVERSAL LLP
Registered number: OC356315
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 3,790 73,260
Creditors: amounts falling due within one year 3 (1,400) (1,400)
Net current assets 2,390 71,860
Total assets less current liabilities 2,390 71,860
Net (liabilities)/assets attributable to members (6,143) 71,860
Represented by:
Loans and other debts due to members 4 (924,685) (924,685)
Members' other interests
Members' capital classified as equity 1,000 1,000
Other reserves 917,542 995,545
918,542 996,545
(6,143) 71,860
Total members' interests
Loans and other debts due to members 4 (924,685) (924,685)
Members' other interests 918,542 996,545
(6,143) 71,860
For the year ended 31 July 2023 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 9 October 2023 and signed on their behalf by:
Dante Trading Limited
Designated member
VALMECA UNIVERSAL LLP
Notes to the Accounts
for the year ended 31 July 2023
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.
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 2023 2022
Number Number
Average number of persons employed by the LLP 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,400 1,400
4 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits (924,685) (924,685)
Amounts falling due within one year (924,685) (924,685)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
5 Other information
VALMECA UNIVERSAL LLP is a limited liability partnership incorporated in England. Its registered office is:
17 Tillotson Road
Ilford
Essez
IG1 4UZ
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