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Registered number: OC440972
ZENOBIA INTELLIGENCE LLP
Financial Statements
For The Year Ended 29 February 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
36-38 Westbourne Grove
Newton Road
London
W2 5SH
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC440972
29 February 2024 28 February 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 3 220,895 55,716
Cash at bank and in hand 67,801 57,644
288,696 113,360
Creditors: Amounts Falling Due Within One Year 4 (66,925 ) (26,954 )
NET CURRENT ASSETS (LIABILITIES) 221,771 86,406
TOTAL ASSETS LESS CURRENT LIABILITIES 221,771 86,406
NET ASSETS ATTRIBUTABLE TO MEMBERS 221,771 86,406
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 211,726 75,389
211,726 75,389
Equity
Members' other interests
Members' capital 10,045 11,017
10,045 11,017
221,771 86,406
TOTAL MEMBERS' INTEREST
Amounts due from members (121,639) -
Loans and other debts due to members within one year 211,726 75,389
Members' other interests 10,045 11,017
100,132 86,406
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Page 2
For the year ending 29 February 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
Mr Martin Stone
Designated Member
28 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. 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.
2. Average Number of Employees
Average number of employees, including members, during the year was as follows: 2 (2023: 2)
2 2
3. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 58,883 55,716
Other debtors 40,046 -
VAT 327 -
Amounts due from members 121,639 -
220,895 55,716
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Page 4
4. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 66,925 17,144
VAT - 9,310
Accruals and deferred income - 500
66,925 26,954
5. General Information
ZENOBIA INTELLIGENCE LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440972 . The Registered Office is 128 City Road, London, EC1V 2NX.
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