Registered number
OC317181
Eiger Endeavours LLP
Filleted Accounts
31 January 2024
Eiger Endeavours LLP
Registered number: OC317181
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,245 7,900
Current assets
Debtors & prepayments 4 16,360 3,800
Cash at bank and in hand 399 12,435
16,759 16,235
Creditors: amounts falling due within one year 5 (2,045) (3,642)
Net current assets 14,714 12,593
Total assets less current liabilities 29,959 20,493
Creditors: amounts falling due after more than one year 6 (32,380) (33,961)
Net liabilities attributable to members (2,421) (13,468)
Represented by:
2024 2023
Members' other interests £ £
Members' capital classified as equity 2,189 8,664
Retained Losses (4,610) (22,132)
(2,421) (13,468)
(2,421) (13,468)
Total members' interests
Members' other interests (2,421) (13,468)
(2,421) (13,468)
For the year ended 31 January 2024 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 1 October 2024 and signed on their behalf by:
C Hurst
Designated member
Eiger Endeavours LLP
Notes to the Accounts
for the year ended 31 January 2024
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.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 25 years
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.
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 2024 2023
Number Number
Average number of persons employed by the LLP 0 1
3 Tangible fixed assets Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 February 2023 - 49,948 49,948
Additions 8,085 360 8,445
At 31 January 2024 8,085 50,308 58,393
Depreciation
At 1 February 2023 - 42,048 42,048
Charge for the year - 1,100 1,100
At 31 January 2024 - 43,148 43,148
Net book value
At 31 January 2024 8,085 7,160 15,245
At 31 January 2023 - 7,900 7,900
Leasehold land and buildings: 2024 2023
£ £
Historical cost 8,085 -
Cumulative depreciation based on historical cost - -
8,085 -
4 Debtors 2024 2023
£ £
Trade debtors 1,105 -
Other debtors - Loan to C&G Hurst partners 3,253 3,800
Deferred Expenditure 12,002
16,360 3,800
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,990 51
Other taxes and social security costs 55 2,656
Other creditors - 935
2,045 3,642
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 32,380 33,961
HSBC Business Bounce Back loan
7 Other information
Eiger Endeavours LLP is a limited liability partnership incorporated in England. Its registered office is:
Rosewood Cottage
Horsham Road
Mid Holmwood
Dorking
RH5 4EH
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