Company No:
Contents
Note | 31.03.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
|
344 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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|
76,231 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 69,271 | |
Total assets less current liabilities | 69,615 | |
Net assets attributable to members |
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Represented by | ||
Loans and other debts due to members within one year | ||
Other amounts | 69,615 | |
69,615 | ||
Members' other interests | ||
0 | ||
69,615 | ||
Total members' interests | ||
Loans and other debts due to members | 7 | 69,615 |
69,615 |
Members' responsibilities:
The financial statements of Arkwright London Partners LLP (registered number:
Skal Holding Limited
Designated member |
DEBT Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests | |
---|---|---|
Other amounts | Total | |
£ | £ | |
Balance at 12 January 2023 | 0 | 0 |
Members' remuneration charged as an expense, including employment and retirement benefit costs | 1,580,474 | 1,580,474 |
Members' interest after result for the financial period | 1,580,474 | 1,580,474 |
Drawings | (1,510,859) | (1,510,859) |
Amounts due to members | 69,615 | |
Balance at 31 March 2024 | 69,615 | 69,615 |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Arkwright London Partners LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.
Period from 12.01.2023 to 31.03.2024 |
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Number | |
Monthly average number of persons employed by the LLP during the period |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 12 January 2023 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||
At 12 January 2023 |
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Charge for the financial period |
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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31.03.2024 | |
£ | |
Other debtors |
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31.03.2024 | |
£ | |
Trade creditors |
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Accruals |
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The designated members of the LLP are considered to be key management responsible for planning, directing and controlling the activities of the LLP. Transactions with the designated members are shown in the reconciliation of members interests.
31.03.2024 | |
£ | |
Other amounts due to members falling due within one year | 69,615 |
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
The amount of capital each member is required to subscribe is in accordance with the Members Agreement.