Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 11 March 2022 false 1 April 2023 31 March 2024 31 March 2024 OC441415 Ilejay Ltd Miss Beatrice Laus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC441415 2023-03-31 OC441415 2024-03-31 OC441415 2023-04-01 2024-03-31 OC441415 frs-core:CurrentFinancialInstruments 2024-03-31 OC441415 frs-core:PlantMachinery 2024-03-31 OC441415 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC441415 frs-core:PlantMachinery 2023-03-31 OC441415 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC441415 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC441415 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC441415 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC441415 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC441415 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC441415 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC441415 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC441415 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC441415 2022-03-10 OC441415 2023-03-31 OC441415 2022-03-11 2023-03-31 OC441415 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC441415
Ilejay's Church of Rock n' Roll LLP
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC441415
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,605 1,765
4,605 1,765
CURRENT ASSETS
Debtors 5 351,597 969,899
Cash at bank and in hand 600,268 65,899
951,865 1,035,798
Creditors: Amounts Falling Due Within One Year 6 (140,994 ) (804,020 )
NET CURRENT ASSETS (LIABILITIES) 810,871 231,778
TOTAL ASSETS LESS CURRENT LIABILITIES 815,476 233,543
NET ASSETS ATTRIBUTABLE TO MEMBERS 815,476 233,543
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 815,476 233,543
815,476 233,543
815,476 233,543
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 815,476 233,543
815,476 233,543
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Miss Beatrice Laus
Designated Member
14/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ilejay's Church of Rock n' Roll LLP is a limited liability partnership, incorporated in England & Wales, registered number OC441415 . The Registered Office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 in the form of live performances. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
2.4. Financial Instruments
Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 2,353
Additions 4,570
As at 31 March 2024 6,923
Depreciation
As at 1 April 2023 588
Provided during the period 1,730
As at 31 March 2024 2,318
Net Book Value
As at 31 March 2024 4,605
As at 1 April 2023 1,765
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 170,292 509,796
Prepayments and accrued income 175,418 448,771
Other debtors 5,477 151
VAT 410 11,181
351,597 969,899
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 1,031 70,208
Other creditors 128,070 340,876
Accruals and deferred income 11,893 392,936
140,994 804,020
Page 4