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REGISTERED NUMBER: OC386425 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 31 MARCH 2024

FOR

ILUMITI LLP

PREVIOUSLY KNOWN AS
LEMONADE LLP

ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 January 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ILUMITI LLP
PREVIOUSLY KNOWN AS LEMONADE LLP

GENERAL INFORMATION
for the period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: D G Pugh
G P Squires





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: OC386425 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

BALANCE SHEET
31 March 2024

2024 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - 4,001
Tangible assets 5 22,381 28,433
22,381 32,434

CURRENT ASSETS
Debtors 6 715,044 344,591
Cash at bank and in hand 470,729 842,524
1,185,773 1,187,115
CREDITORS
Amounts falling due within one year 7 (202,023 ) (136,277 )
NET CURRENT ASSETS 983,750 1,050,838
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,006,131 1,083,272

LOANS AND OTHER DEBTS DUE TO MEMBERS 9 706,131 771,911

MEMBERS' OTHER INTERESTS
Capital accounts 300,000 311,361
1,006,131 1,083,272

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 706,131 771,911
Members' other interests 300,000 311,361
1,006,131 1,083,272

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 October 2024 and were signed by:




D G Pugh - Designated member




G P Squires - Designated member


ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

ilumiti LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Brands - 25% and 10% on reducing balance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

On disposal the difference between the net proceeds and carrying amount of the item disposed is recognised in the profit and loss account, and included in administration expenses.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 15 (2022 - 15 ) .

ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023 28,147
Impairments (3,352 )
At 31 March 2024 24,795
AMORTISATION
At 1 January 2023 24,146
Charge for period 649
At 31 March 2024 24,795
NET BOOK VALUE
At 31 March 2024 -
At 31 December 2022 4,001

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 51,930
Additions 8,339
Disposals (14,575 )
At 31 March 2024 45,694
DEPRECIATION
At 1 January 2023 23,497
Charge for period 8,208
Eliminated on disposal (8,392 )
At 31 March 2024 23,313
NET BOOK VALUE
At 31 March 2024 22,381
At 31 December 2022 28,433

ILUMITI LLP (REGISTERED NUMBER: OC386425)
PREVIOUSLY KNOWN AS LEMONADE LLP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2023 to 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Trade debtors 590,830 305,052
Other debtors 124,214 39,539
715,044 344,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Trade creditors 3,421 19,511
Taxation and social security 162,037 55,655
Other creditors 36,565 61,111
202,023 136,277

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£ £
Within one year - 11,875

Lease payments of £11,875 (2022: £47,500) have been recognised as an expense during the year. The lease was terminated during the period.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, loans and other debts due to members rank after unsecured creditors. Members' other interests (other reserves) rank after unsecured creditors and no additional protection is afforded to creditors. Individual members' capital contributions are not repayable until the member retires from the LLP.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ILUMITI LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of ilumiti LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of ilumiti LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ilumiti LLP and state those matters that we have agreed to state to the members of ilumiti LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ilumiti LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that ilumiti LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ilumiti LLP. You consider that ilumiti LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of ilumiti LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


10 October 2024