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REGISTERED NUMBER: OC322814 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 OCTOBER 2023

FOR

ARTESIS LLP

ARTESIS LLP (REGISTERED NUMBER: OC322814)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARTESIS LLP (REGISTERED NUMBER: OC322814)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 396,463 364,056
Cash at bank 20,818 30,538
417,281 394,594
CREDITORS
Amounts falling due within one year 7 345,747 314,779
NET CURRENT ASSETS 71,534 79,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,534

79,815

CREDITORS
Amounts falling due after more than one
year

8

18,997

26,339
NET ASSETS ATTRIBUTABLE TO
MEMBERS

52,537

53,476

ARTESIS LLP (REGISTERED NUMBER: OC322814)

BALANCE SHEET - continued
30 OCTOBER 2023

2023 2022
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

52,537

53,476

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 52,537 53,476
Amounts due from members 6 (61,496 ) (61,157 )
(8,959 ) (7,681 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 October 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 July 2024 and were signed by:





Mr G N Walker - Designated member

ARTESIS LLP (REGISTERED NUMBER: OC322814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023


1. STATUTORY INFORMATION

Artesis LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC322814

Registered office: St John's Innovation Centre
Cowley Road
Cambridge
Cambridgeshire
CB4 0WS

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

ARTESIS LLP (REGISTERED NUMBER: OC322814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 October 2022 15,801 12,058 27,859
Disposals - (1,398 ) (1,398 )
At 30 October 2023 15,801 10,660 26,461
DEPRECIATION
At 31 October 2022 15,801 12,058 27,859
Eliminated on disposal - (1,398 ) (1,398 )
At 30 October 2023 15,801 10,660 26,461
NET BOOK VALUE
At 30 October 2023 - - -
At 30 October 2022 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 334,899 292,899
Amounts due from members 61,496 61,157
Prepayments and accrued income 68 10,000
396,463 364,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,995 14,490
Trade creditors 15 4,139
VAT 54,314 43,710
Other creditors 11,653 12,503
Wages control account - 1,451
Faraday 262,975 235,986
Accruals and deferred income 3,795 2,500
345,747 314,779

ARTESIS LLP (REGISTERED NUMBER: OC322814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,049 7,049
Bank loans - 2-5 years 11,948 19,290
18,997 26,339

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 52,537 53,476

Falling due within one year 52,537 53,476

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.