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REGISTERED NUMBER: OC421236 (England and Wales)















IDLYA LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






IDLYA LLP (REGISTERED NUMBER: OC421236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 4


IDLYA LLP (REGISTERED NUMBER: OC421236)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,571

CURRENT ASSETS
Debtors 5 6,318 5,678
Cash at bank and in hand 349 9,787
6,667 15,465
CREDITORS
Amounts falling due within one year 6 951 2,558
NET CURRENT ASSETS 5,716 12,907
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

5,716

23,478

IDLYA LLP (REGISTERED NUMBER: OC421236)

BALANCE SHEET - continued
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

4,716

22,478

MEMBERS' OTHER INTERESTS
Capital accounts 1,000 1,000
5,716 23,478

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 4,716 22,478
Members' other interests 1,000 1,000
Amounts due from members 5 (6,100 ) -
(384 ) 23,478

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 29 February 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.

IDLYA LLP (REGISTERED NUMBER: OC421236)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 November 2024 and were signed by:





Mr D H Callanan - Designated member

IDLYA LLP (REGISTERED NUMBER: OC421236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

IDLYA LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC421236

Registered office: Flat 3
22 Turner Street
Manchester
M4 1DZ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

IDLYA LLP (REGISTERED NUMBER: OC421236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 22,354
Disposals (22,354 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 11,783
Charge for year 441
Eliminated on disposal (12,224 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 10,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,154
Other debtors 6,318 1,524
6,318 5,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 35
Taxation and social security - 1,643
Other creditors 951 880
951 2,558

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The capital (whether classified as a liability or equity) of the LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.

IDLYA LLP (REGISTERED NUMBER: OC421236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. ULTIMATE CONTROLLING PARTY

The LLP is under the joint control of all members.