Registered number
OC445386
Leon Haig LLP
Filleted Accounts
31 January 2024
Leon Haig LLP
Registered number: OC445386
Balance Sheet
as at 31 January 2024
Notes 2024
£
Current assets
Debtors 3 4,292
Cash at bank and in hand 6,536
10,828
Creditors: amounts falling due within one year 4 (4,368)
Net current assets 6,460
Total assets less current liabilities 6,460
Net assets attributable to members 6,460
Represented by:
Members' other interests
Members' capital classified as equity 3,392
Other reserves 3,068
6,460
6,460
Total members' interests
Members' other interests 6,460
6,460
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 14 October 2024 and signed on their behalf by:
Levon Haig Agulian
Designated member
Leon Haig 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.
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.
2 Employees 2024
Number
Average number of persons employed by the LLP 0
3 Debtors 2024
£
Trade debtors 4,292
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 2,508
Other taxes and social security costs 1,760
Other creditors 100
4,368
5 Other information
Leon Haig LLP is a limited liability partnership incorporated in England. Its registered office is:
112 Princes Gardens
London
W3 0LJ
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