1 January 2023 false Taxfiler 2024.5 OC370744business:LimitedLiabilityPartnershipLLP2023-01-012023-12-31 OC3707442022-12-31 OC3707442023-01-012023-12-31 OC370744business:AuditExemptWithAccountantsReport2023-01-012023-12-31 OC370744business:FullAccounts2023-01-012023-12-31 OC3707442023-12-31 OC370744business:PartnerLLP12023-01-012023-12-31 OC370744business:PartnerLLP22023-01-012023-12-31 OC370744business:RegisteredOffice2023-01-012023-12-31 OC3707442022-12-31 OC370744core:WithinOneYear2023-12-31 OC370744core:WithinOneYear2022-12-31 OC370744core:AfterOneYear2023-12-31 OC370744core:AfterOneYear2022-12-31 OC370744core:ShareCapital2023-12-31 OC370744core:ShareCapital2022-12-31 OC370744business:SmallEntities2023-01-012023-12-31 OC370744countries:EnglandWales2023-01-012023-12-31 OC3707442022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Mr Guy Scetbon
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
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The Exite Group Europe LLP Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
448,589 
448,589 
Current assets
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 
Represented by:
Loans and other debts due to members
253,003 
240,049 
Members' other interests
Members' capital classified as equity
80 
80 
253,083 
240,129 
Total members' interests
Loans and other debts due to members
253,003 
240,049 
Members' other interests
80 
80 
253,083 
240,129 
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
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The Exite Group Europe 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.
Presentation currency
The accounts are presented in £ sterling.
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.
Members' remuneration
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
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 property
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.
2
Statutory information
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.
3
Investment property
2023 
£ 
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 
Accruals
1,250 
1,150 
Deferred income
2,500 
2,500 
24,140 
26,623 
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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).
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