Registered No. OC370744 (England and Wales)
The Exite Group Europe LLP
Unaudited accounts
for the year ended 31 December 2023
The Exite Group Europe LLP
LLP Information
for the year ended 31 December 2023
Designated members
Mr David Orencyr
Registered Number
OC370744 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
The Exite Group Europe LLP
Statement of financial position
as at 31 December 2023
Investment property
448,589
448,589
Cash at bank and in hand
14,299
14,126
Creditors: amounts falling due within one year
(24,140)
(26,623)
Net current liabilities
(9,841)
(12,497)
Total assets less current liabilities
438,748
436,092
Creditors: amounts falling due after more than one year
(185,665)
(195,963)
Net assets attributable to members
253,083
240,129
Loans and other debts due to members
253,003
240,049
Members' capital classified as equity
80
80
Loans and other debts due to members
253,003
240,049
Members' other interests
80
80
For the year ending 31 December 2023 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 29 July 2024.
Mr Guy Scetbon
Designated member
Limited Liability Partnership Registration No. OC370744
The Exite Group Europe LLP
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
The Exite Group Europe LLP is a limited liability partnership, incorporated in England and Wales, registration number OC370744. Its registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
Fair value at 1 January 2023
448,589
At 31 December 2023
448,589
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,882
15,465
Taxes and social security costs
1,500
1,500
Other creditors
6,008
6,008
Deferred income
2,500
2,500
The Exite Group Europe LLP
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
185,665
195,963
6
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
253,003
240,049
Amounts falling due within one year
253,003
240,049
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).