Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC322780 Mr Gerald Cooper Mrs Julia Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC322780 2022-12-31 OC322780 2023-12-31 OC322780 2023-01-01 2023-12-31 OC322780 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC322780 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC322780 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC322780 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC322780 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC322780 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC322780 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC322780 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC322780 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC322780 2021-12-31 OC322780 2022-12-31 OC322780 2022-01-01 2022-12-31
Registered number: OC322780
One Sky Aviation LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Seven Accounting Limited
6 Goltho View
Goltho
Market Rasen
LN8 5AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: OC322780
2023 2022
Notes £ £ £ £
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
Equity
Members' other interests
Members' capital 266,994 266,994
Other reserves (266,994) (266,994)
TOTAL MEMBERS' INTEREST
For the year ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Gerald Cooper
Designated Member
20/09/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
One Sky Aviation LLP is a limited liability partnership, incorporated in England & Wales, registered number OC322780 . The Registered Office is White Lodge, Fen Road, Owmby-by-Spital, Market Rasen, LN8 2HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Income Statement
The LLP is dormant as defined by section 1169 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regualtions 2008. The LLP received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior year.
2.3. Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual" amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
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