Registered number
OC356388
GR Worldwide LLP
Filleted Accounts
31 December 2023
GR Worldwide LLP
Registered number: OC356388
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 12,825 11,744
Cash at bank and in hand 140,833 66,720
153,658 78,464
Creditors: amounts falling due within one year 4 (18,420) (22,804)
Net current assets 135,238 55,660
Total assets less current liabilities 135,238 55,660
Net assets attributable to members 135,238 55,660
Represented by:
Loans and other debts due to members 5 135,238 55,660
For the year ended 31 December 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 17 April 2024 and signed on their behalf by:
……………………………………………………………….
Colin Ingram Limited
Designated member
GR Worldwide LLP
Notes to the Accounts
for the year ended 31 December 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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 1 1
3 Debtors 2023 2022
£ £
Trade debtors 12,340 6,000
Other debtors 485 5,744
12,825 11,744
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 16,028 20,944
Other creditors 2,392 1,860
18,420 22,804
5 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 135,238 55,660
Amounts falling due within one year 135,238 55,660
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
GR Worldwide LLP is a limited liability partnership incorporated in England. Its registered office is:
Unit 14
10-11 Archer Street
London
W1D 7AZ
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