Registered number
OC419644
MEL7 & CO LLP
Filleted Accounts
31 October 2023
MEL7 & CO LLP
Registered number: OC419644
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 17,427 21,351
Creditors: amounts falling due within one year 3 (1,080) (960)
Net current assets 16,347 20,391
Total assets less current liabilities 16,347 20,391
Net assets attributable to members 16,347 20,391
Represented by:
Members' other interests
Members' capital classified as equity 2,831 2,264
Other reserves 13,516 18,127
16,347 20,391
16,347 20,391
Total members' interests
Members' other interests 16,347 20,391
16,347 20,391
For the year ended 31 October 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 30 July 2024 and signed on their behalf by:
Matt Traverso
Designated member
MEL7 & CO LLP
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
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 - -
3 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,080 960
4 Other information
MEL7 & CO LLP is a limited liability partnership incorporated in England. Its registered office is:
5th Floor
22 Eastcheap
London
England
EC3M 1EU
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