Registered number
OC416125
Cesenasta LLP
Filleted Accounts
29 February 2024
Cesenasta LLP
Registered number: OC416125
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 146,205 163,724
Investments 4 264,887 239,695
411,092 403,419
Current assets
Debtors 5 1,762,567 1,853,647
Cash at bank and in hand 2,143 4,283
1,764,710 1,857,930
Creditors: amounts falling due within one year 6 (700,964) (686,802)
Net current assets 1,063,746 1,171,128
Total assets less current liabilities 1,474,838 1,574,547
Creditors: amounts falling due after more than one year 7 (370,278) (370,278)
Net assets attributable to members 1,104,560 1,204,269
Represented by:
Members' other interests
Members' capital classified as equity 1,148,315 1,148,315
Other reserves (43,755) 55,954
1,104,560 1,204,269
1,104,560 1,204,269
Total members' interests
Members' other interests 1,104,560 1,204,269
1,104,560 1,204,269
For the year ended 29 February 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 21 October 2024 and signed on their behalf by:
Antonello Amoroso
Designated member
Cesenasta LLP
Notes to the Accounts
for the year ended 29 February 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2023 175,192
At 29 February 2024 175,192
Depreciation
At 1 March 2023 11,468
Charge for the year 17,519
At 29 February 2024 28,987
Net book value
At 29 February 2024 146,205
At 28 February 2023 163,724
4 Fixed asset investments
Other
investments
£
Cost
At 1 March 2023 239,695
Additions 25,192
At 29 February 2024 264,887
5 Debtors 2024 2023
£ £
Trade debtors 1,224,677 1,258,265
Antonello Amorosa loan 162,242 -
Other loans 13,472 13,472
Other debtors 362,176 581,910
1,762,567 1,853,647
6 Creditors: amounts falling due within one year 2024 2023
£ £
Shareholder loans 294,368 294,368
CAM SNC Di Galli Christain 123,497 109,210
Other creditors 283,099 283,224
700,964 686,802
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 370,278 370,278
8 Other information
Cesenasta LLP is a limited liability partnership incorporated in England. Its registered office is:
2 Old Brompton Road
suite 151
London
SW7 3DQ
2 Old Brompton Road
Suite 151
London
SW7 3DQ
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