Registered number
OC439217
De Santis LLP
Filleted Accounts
5 April 2024
De Santis LLP
Registered number: OC439217
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,266,875 1,266,875
Current assets
Debtors 4 9,456 4,285
Cash at bank and in hand 48,290 45,181
57,746 49,466
Creditors: amounts falling due within one year 5 - -
Net current assets 57,746 49,466
Total assets less current liabilities 1,324,621 1,316,341
Net assets attributable to members 1,324,621 1,316,341
Represented by:
Members' other interests
Members' capital classified as equity 1,159,291 1,213,281
Other reserves 165,330 103,060
1,324,621 1,316,341
1,324,621 1,316,341
Total members' interests
Members' other interests 1,324,621 1,316,341
1,324,621 1,316,341
For the year ended 5 April 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 3 January 2025 and signed on their behalf by:
R De Santis
Designated member
De Santis LLP
Notes to the Accounts
for the year ended 5 April 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:
Freehold buildings Held at fair value
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 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 6 April 2023 1,266,875
At 5 April 2024 1,266,875
Depreciation
At 5 April 2024 -
Net book value
At 5 April 2024 1,266,875
At 5 April 2023 1,266,875
4 Debtors 2024 2023
£ £
Other debtors 9,456 4,286
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors - -
6 Other information
De Santis LLP is a limited liability partnership incorporated in England. Its registered office is:
Cumberland House
24-28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
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