Registered No. OC440537 (England and Wales)
SOLUTION M LLP
Accounts
for the year ended 5 April 2024
SOLUTION M LLP
LLP Information
for the year ended 5 April 2024
Designated members
Ms Tatiana Khallo
Registered Number
OC440537 (England and Wales)
Registered Office
85 Great Portland Street
First Floor
London
W1W 7LT
England
Accountants
ABN Accounting Limited
85 Great Portland Street
First Floor
London
United Kingdom
W1W 7LT
SOLUTION M LLP
Statement of financial position
as at 5 April 2024
Cash at bank and in hand
8,064
204,567
Creditors: amounts falling due within one year
(2,200)
-
Net current assets
207,820
204,567
Total assets less current liabilities
207,820
204,567
Creditors: amounts falling due after more than one year
(929)
(929)
Net assets attributable to members
206,891
203,638
Loans and other debts due to members
(93,059)
-
Other reserves
299,950
203,638
Loans and other debts due to members
(93,059)
-
Members' other interests
299,950
203,638
For the year ending 5 April 2024 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 Maxym Kuchugura
Designated member
Limited Liability Partnership Registration No. OC440537
SOLUTION M LLP
Notes to the Accounts
for the year ended 5 April 2024
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 are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
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.
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.
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
SOLUTION M LLP is a limited liability partnership, incorporated in England and Wales, registration number OC440537. Its registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, England.
3
Creditors: amounts falling due within one year
2024
2023
SOLUTION M LLP
Notes to the Accounts
for the year ended 5 April 2024
4
Creditors: amounts falling due after more than one year
2024
2023
5
Loans and other debts due to members
2024
2023
Amounts due to members in respect of profits
(93,059)
-
Amounts falling due within one year
(93,059)
-
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).