Registered number
OC350796
ALTIOR VITA LLP
Filleted Accounts
31 March 2024
ALTIOR VITA LLP
Registered number: OC350796
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 70 93
Current assets
Cash at bank and in hand 30,337 24,383
Creditors: amounts falling due within one year 4 (1,201) (1,201)
Net current assets 29,136 23,182
Total assets less current liabilities 29,206 23,275
Net assets attributable to members 29,206 23,275
Represented by:
Loans and other debts due to members 5 25,132 19,201
Members' other interests
Members' capital classified as equity 4,074 4,074
29,206 23,275
Total members' interests
Loans and other debts due to members 5 25,132 19,201
Members' other interests 4,074 4,074
29,206 23,275
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 24 December 2024 and signed on their behalf by:
Mr J Brooke
Designated member
ALTIOR VITA 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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
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:
Plant and machinery 25% reducing balance 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 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023 2,661
At 31 March 2024 2,661
Depreciation
At 1 April 2023 2,568
Charge for the year 23
At 31 March 2024 2,591
Net book value
At 31 March 2024 70
At 31 March 2023 93
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,201 1,201
5 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 25,132 19,201
Amounts falling due within one year 25,132 19,201
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
ALTIOR VITA LLP is a limited liability partnership incorporated in England. Its registered office is:
Paddock Edge
Hursey
Beaminster
Dorset
DT8 3LN
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