REGISTERED NUMBER: |
CESSATION FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024 |
FOR |
ITT PRODUCTION LLP |
REGISTERED NUMBER: |
CESSATION FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024 |
FOR |
ITT PRODUCTION LLP |
ITT PRODUCTION LLP (REGISTERED NUMBER: OC311382) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 March 2023 to 31 July 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ITT PRODUCTION LLP |
GENERAL INFORMATION |
FOR THE PERIOD 1 March 2023 to 31 July 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
12 Gateway Mews |
Ring Way |
London |
N11 2UT |
ITT PRODUCTION LLP (REGISTERED NUMBER: OC311382) |
BALANCE SHEET |
31 July 2024 |
31.7.24 | 28.2.23 |
Notes | $ | $ | $ | $ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
(15,412 |
) |
(39,952 |
) |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
11,183,152 |
11,133,465 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,000 | 1,000 |
Other reserves | ( |
) | ( |
) |
(15,412 | ) | (39,952 | ) |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 11,183,152 | 11,133,465 |
Members' other interests | (11,198,564 | ) | (11,173,417 | ) |
(15,412 | ) | (39,952 | ) |
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. |
ITT PRODUCTION LLP (REGISTERED NUMBER: OC311382) |
BALANCE SHEET - continued |
31 July 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
ITT PRODUCTION LLP (REGISTERED NUMBER: OC311382) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 March 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
ITT Production 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 |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into US $ at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into US $ at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
The presentation currency used in the financial statements for the period ended 31 July 2024 and 28 February 2023 is US $ and its functional currency is also US $. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL (2023 - NIL). |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
$ |
COST |
At 1 March 2023 |
Disposals | ( |
) |
At 31 July 2024 |
AMORTISATION |
At 1 March 2023 |
Eliminated on disposal | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 28 February 2023 |
ITT PRODUCTION LLP (REGISTERED NUMBER: OC311382) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 March 2023 to 31 July 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 28.2.23 |
$ | $ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |
There is no provision for specific legally enforceable protection afforded to creditors in such an event. |
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'. |