Registered number
OC329346
Desaur LLP
Filleted Accounts
31 March 2024
Desaur LLP
Registered number: OC329346
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 - 7,500
Cash at bank and in hand 27,270 3,940
27,270 11,440
Creditors: amounts falling due within one year 5 (20,552) (10,122)
Net current assets 6,718 1,318
Total assets less current liabilities 6,718 1,318
Net assets attributable to members 6,718 1,318
Represented by:
Loans and other debts due to members 6 (151,688) (126,725)
Members' other interests
Members' capital classified as equity 25,000 25,000
Other reserves 133,406 103,043
158,406 128,043
6,718 1,318
Total members' interests
Loans and other debts due to members 6 (151,688) (126,725)
Members' other interests 158,406 128,043
6,718 1,318
For the year ended 31 March 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 23 December 2024 and signed on their behalf by:
Jaswinder Vasir
Designated member
Desaur LLP
Notes to the Accounts
for the year ended 31 March 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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the work.
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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 25,000
Additions -
Disposals -
At 31 March 2024 25,000
Amortisation
At 1 April 2023 25,000
Provided during the year -
On disposals -
At 31 March 2024 25,000
Net book value
At 31 March 2024 -
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors - 7,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 2,550 2,013
Other creditors 18,002 8,109
20,552 10,122
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits (151,688) (126,725)
Amounts falling due within one year (151,688) (126,725)
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
Desaur LLP is a limited liability partnership incorporated in England. Its registered office is:
5 Margaret Road
Romford
Essex
RM2 5SH
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