Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 true 1 January 2023 31 December 2023 31 December 2023 OC421994 Mr Ivan Fisenko iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC421994 2022-12-31 OC421994 2023-12-31 OC421994 2023-01-01 2023-12-31 OC421994 frs-core:CurrentFinancialInstruments 2023-12-31 OC421994 frs-core:Non-currentFinancialInstruments 2023-12-31 OC421994 frs-core:MotorVehicles 2023-12-31 OC421994 frs-core:MotorVehicles 2023-01-01 2023-12-31 OC421994 frs-core:MotorVehicles 2022-12-31 OC421994 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC421994 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC421994 frs-bus:FullAccounts 2023-01-01 2023-12-31 OC421994 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC421994 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC421994 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC421994 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 OC421994 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC421994 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC421994 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC421994 2021-12-31 OC421994 2022-12-31 OC421994 2022-01-01 2022-12-31 OC421994 frs-core:CurrentFinancialInstruments 2022-12-31 OC421994 frs-core:Non-currentFinancialInstruments 2022-12-31
Registered number: OC421994
FI FOODS LLP
Members' Report and
Financial Statements
For The Year Ended 31 December 2023
Law Firm UK Limited
Contents
Page
LLP Information 1
Members' Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Notes to the Financial Statements 6—7
Page 1
LLP Information
Designated Members Mr Ivan Fisenko
LLP Registration Number OC421994
Registered Office Suite 12, 2nd Floor, Queens House,
180 Tottenham Court Road,
London
W1T 7PD
Accountants Law Firm UK Limited
Suite 12, 2nd Floor, Queens House
180 Tottenham Court Road
London
W1T 7PD
Page 1
Page 2
Members' Report
The members present their report and the financial statements for the year ended 31 December 2023.
Principal Activity
The LLP's principal activity continues to be that of trading activity.
Members
The designated members who held office during the year were as follows:
Mrs Larysa Fisenko
Mr Ivan Fisenko
Statement of Members' Responsibilities
The members are responsible for preparing the financial statements in accordance with applicable law and regulations.Company law as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to Limited Liability Partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss for that period. In preparing the financial statements the members are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Signed on behalf of the members by
Mr Ivan Fisenko
Designated Member
24/09/2024
Page 2
Page 3
Profit and Loss Account
2023 2022
Notes £ £
TURNOVER 372,026 3,373,738
Cost of sales (302,374 ) (3,090,930 )
GROSS PROFIT 69,652 282,808
Administrative expenses (28,865 ) 55,283
OPERATING PROFIT 40,787 338,091
Other interest receivable and similar income 9,032 11,734
Interest payable and similar charges (15,766 ) (68,817 )
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS 34,053 281,008
The notes on pages 6 to 7 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,749 -
39,749 -
CURRENT ASSETS
Debtors 5 492,316 1,045,002
Cash at bank and in hand 2,692,060 2,180,779
3,184,376 3,225,781
Creditors: Amounts Falling Due Within One Year 6 (204,205 ) (202,427 )
NET CURRENT ASSETS (LIABILITIES) 2,980,171 3,023,354
TOTAL ASSETS LESS CURRENT LIABILITIES 3,019,920 3,023,354
Creditors: Amounts Falling Due After More Than One Year 7 (1,691,371 ) (1,728,858 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,328,549 1,294,496
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,328,449 1,294,396
1,328,449 1,294,396
Equity
Members' other interests
Members' capital 100 100
100 100
1,328,549 1,294,496
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,328,449 1,294,396
Members' other interests 100 100
1,328,549 1,294,496
Page 4
Page 5
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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
On behalf of the members
Mr Ivan Fisenko
Designated Member
24/09/2024
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
FI FOODS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC421994 . The Registered Office is Suite 12, 2nd Floor, Queens House, , 180 Tottenham Court Road,, London, W1T 7PD.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% straight line basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2023 -
Additions 39,749
As at 31 December 2023 39,749
Net Book Value
As at 31 December 2023 39,749
As at 1 January 2023 -
Page 6
Page 7
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 286,116 693,894
Other debtors 206,200 351,108
492,316 1,045,002
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 148,938 132,613
Other taxes and social security 15,720 38,818
Other creditors 38,369 29,818
Amounts owed to other participating interests 1,178 1,178
204,205 202,427
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 1,691,371 1,728,858
Page 7