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REGISTERED NUMBER: OC308093 (England and Wales)






















Report of the Members and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Artinlondon LLP

Artinlondon LLP (Registered number: OC308093)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Artinlondon LLP

General Information
for the year ended 30 June 2024







DESIGNATED MEMBERS: Mr M J Kim
Ms J Lee





REGISTERED OFFICE: 1-2 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: OC308093 (England and Wales)





ACCOUNTANTS: ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB

Artinlondon LLP (Registered number: OC308093)

Report of the Members
for the year ended 30 June 2024

The members present their report with the financial statements of the LLP for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Art consultancy

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr M J Kim
Ms J Lee

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £1049 (2023 - £729 loss).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website.

ON BEHALF OF THE MEMBERS:





Ms J Lee - Designated member


12 November 2024

Artinlondon LLP (Registered number: OC308093)

Income Statement
for the year ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER - -

Administrative expenses (1,054 ) (729 )
OPERATING LOSS (1,054 ) (729 )

Income from fixed asset investments 5 -
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


(1,049


)


(729


)

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


(1,049


)


(729


)

Members' remuneration charged as an
expense

5

1,049

729
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Artinlondon LLP (Registered number: OC308093)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 6 32,165 32,012
Cash at bank 17 49
32,182 32,061
CREDITORS
Amounts falling due within one year 7 (12,770 ) (11,600 )
NET CURRENT ASSETS 19,412 20,461
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

19,412

20,461

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

19,412

20,461

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 19,412 20,461
Amounts due from members 6 (31,804 ) (31,804 )
(12,392 ) (11,343 )

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 year ended 30 June 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 12 November 2024 and were signed by:





Ms J Lee - Designated member

Artinlondon LLP (Registered number: OC308093)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Artinlondon 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. EXCEPTIONAL ITEMS
30.6.24 30.6.23
£    £   
Interest Income 5 -

5. INFORMATION IN RELATION TO MEMBERS
30.6.24 30.6.23
£    £   
Members' remuneration charged as an expense
Automatic division of loss (1,049 ) (729 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 32,165 32,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 12,770 11,600

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loan and other debts due to members rank equally with the 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 limitation on the ability of the members to reduce the amount of 'Members' other interests'.