Registered number
OC412211
Melusina Llp
Filleted Accounts
31 December 2023
Melusina Llp
Registered number: OC412211
Balance Sheet
as at 31 December 2023
Notes 2023 2022
Fixed assets
Tangible assets 3 300,000 300,000
Investments 4 982,410 -
1,282,410 300,000
Current assets
Cash at bank and in hand 376,786 1,430,467
376,786 1,427,522
Creditors: amounts falling due within one year 5 (2,187) (3,862)
Net current assets 374,599 1,423,660
Total assets less current liabilities 1,657,009 1,723,660
Net assets attributable to members 1,657,009 1,723,660
Represented by:
Loans and other debts due to members 6 1,662,075 1,733,575
Members' other interests
Members' capital classified as equity 1,000 1,000
Other reserves (6,066) (10,915)
(5,066) (9,915)
1,657,009 1,723,660
Total members' interests
Loans and other debts due to members 6 1,662,075 1,733,575
Members' other interests (5,066) (9,915)
1,657,009 1,723,660
For the year ended 31 December 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 26 August 2024 and signed on their behalf by:
Riccardo Perale
Designated member
Melusina 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.
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.
Taxation
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 Tangible fixed assets
Motor vehicles
Cost
At 1 January 2023 300,000
At 31 December 2023 300,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 300,000
At 31 December 2022 300,000
4 Fixed asset investments
Other
investments
Cost
Additions 982,410
At 31 December 2023 982,410
5 Creditors: amounts falling due within one year 2023 2022
Trade creditors 525 525
Other creditors 1,662 3,337
2,187 3,862
6 Loans and other debts due to members 2023 2022
Loans from members 1,662,075 1,733,575
Amounts falling due within one year 1,662,075 1,733,575
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Melusina Llp is a limited liability partnership incorporated in England. Its registered office is:
5th Floor North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
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