Alextra Financial Solutions LLP OC337618 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Business consultants Digita Accounts Production Advanced 6.30.9574.0 OC337618 2023-04-01 2024-03-31 OC337618 2024-03-31 OC337618 core:CurrentFinancialInstruments 2024-03-31 OC337618 core:Non-currentFinancialInstruments 2024-03-31 OC337618 core:WithinOneYear 2024-03-31 OC337618 core:MotorVehicles 2024-03-31 OC337618 bus:SmallEntities 2023-04-01 2024-03-31 OC337618 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC337618 bus:FullAccounts 2023-04-01 2024-03-31 OC337618 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC337618 bus:PartnerLLP2 2023-04-01 2024-03-31 OC337618 bus:PartnerLLP4 2023-04-01 2024-03-31 OC337618 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC337618 core:MotorCars 2023-04-01 2024-03-31 OC337618 core:MotorVehicles 2023-04-01 2024-03-31 OC337618 countries:AllCountries 2023-04-01 2024-03-31 OC337618 2023-03-31 OC337618 core:MotorVehicles 2023-03-31 OC337618 2022-04-01 2023-03-31 OC337618 2023-03-31 OC337618 core:CurrentFinancialInstruments 2023-03-31 OC337618 core:Non-currentFinancialInstruments 2023-03-31 OC337618 core:WithinOneYear 2023-03-31 OC337618 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: OC337618

Alextra Financial Solutions LLP

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Alextra Financial Solutions LLP

Contents

Financial Statements

1 to 5

Balance Sheet

1

Notes to the Financial Statements

3

 

Alextra Financial Solutions LLP

(Registration number: OC337618)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

76,272

44,353

Current assets

 

Debtors

4

119,088

111,233

Cash and short-term deposits

 

3,780

3,449

 

122,868

114,682

Creditors: Amounts falling due within one year

5

(30,052)

(15,867)

Net current assets

 

92,816

98,815

Total assets less current liabilities

 

169,088

143,168

Creditors: Amounts falling due after more than one year

6

(60,772)

(35,953)

Net assets attributable to members

 

108,316

107,215

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

8,316

7,215

Members’ other interests

 

Members' capital classified as equity

 

100,000

100,000

   

108,316

107,215

Total members' interests

 

Loans and other debts due to members

 

8,316

7,215

Equity

 

100,000

100,000

   

108,316

107,215

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account and Members Report has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Alextra Financial Solutions LLP

(Registration number: OC337618)
Balance Sheet as at 31 March 2024

The financial statements of Alextra Financial Solutions LLP (registered number OC337618) were approved by the Board and authorised for issue on 9 October 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr Shawn William Harold Gallimore
Designated member

.........................................
Mr Keith Andrew Knight
Designated member

 

Alextra Financial Solutions LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Alextra Financial Solutions LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or due, excluding discounts and VAT.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 9 (2023 - 9).

 

Alextra Financial Solutions LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

3

Tangible fixed assets

Motor vehicles
 £

Total
£

Cost

At 1 April 2023

51,999

51,999

Additions

191,799

191,799

Disposals

(160,843)

(160,843)

At 31 March 2024

82,955

82,955

Depreciation

At 1 April 2023

7,646

7,646

Charge for the year

6,683

6,683

Eliminated on disposals

(7,646)

(7,646)

At 31 March 2024

6,683

6,683

Net book value

At 31 March 2024

76,272

76,272

At 31 March 2023

44,353

44,353

4

Debtors

2024
£

2023
£

Trade debtors

4,423

1,130

Other debtors

101,333

109,653

Prepayments and accrued income

13,332

450

Total current trade and other debtors

119,088

111,233

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Other creditors

28,761

15,867

Accruals and deferred income

1,291

-

30,052

15,867

 

Alextra Financial Solutions LLP

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors: Amounts falling due after more than one year

2024
 £

2023
 £

Obligations under finance lease and hire purchase contracts

60,772

35,953

The hire purchase liabilities are secured by the associated assets held by the partnership at the balance sheet date.