Registered number
OC401711
AME Partnership LLP
Unaudited Filleted Accounts
31 March 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75, Westow Hill
London
SE19 1TX
AME Partnership LLP
Registered number: OC401711
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 368 1,598
Current assets
Debtors 4 98,157 277,354
Cash at bank and in hand 186,891 136,282
285,048 413,636
Creditors: amounts falling due within one year 5 (78,738) (83,615)
Net current assets 206,310 330,021
Total assets less current liabilities 206,678 331,619
Net assets attributable to members 206,678 331,619
Represented by:
Loans and other debts due to members 6 206,678 331,619
206,678 331,619
Total members' interests
Loans and other debts due to members 6 206,678 331,619
206,678 331,619
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 19 July 2024 and signed on their behalf by:
Tony Riley
Designated member
AME Partnership 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 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.
Division of profits
Profits are treated as being available for discretionary division
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.
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 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 13,116
At 31 March 2024 13,116
Depreciation
At 1 April 2023 11,518
Charge for the year 1,230
At 31 March 2024 12,748
Net book value
At 31 March 2024 368
At 31 March 2023 1,598
4 Debtors 2024 2023
£ £
Trade debtors 97,981 277,354
Other debtors 176 -
98,157 277,354
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,834 8,029
Other taxes and social security costs 58,947 51,636
Other creditors 9,957 23,950
78,738 83,615
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 206,678 331,619
Amounts falling due within one year 206,678 331,619
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Other information
AME Partnership LLP is a limited liability partnership incorporated in England. Its registered office is:
75, Westow Hill
London
SE19 1TX
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