Telecoms Asia LLP
Registered number: OC446710
Balance Sheet
as at 30 April 2024
Notes 2024
£
Current assets
Cash at bank and in hand 25
Net current assets 25
Total assets less current liabilities 25
Net assets attributable to members 25
Represented by:
Members' other interests
Members' capital classified as equity 25
25
Total members' interests
Members' other interests 25
25
For the period ended 30 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 23 January 2025 and signed on their behalf by:
A. Love
Designated member
Telecoms Asia LLP
Notes to the Accounts
for the period from 4 April 2023 to 30 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.
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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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
Number
Average number of persons employed by the LLP 0
3 Other information
Telecoms Asia LLP is a limited liability partnership incorporated in England. Its registered office is:
Holly House
220 New London Road
Chelmsford
Telecoms Asia LLP OC446710 false 2023-04-04 2024-04-30 2024-04-30 VT Final Accounts April 2024 A. Love No description of principal activity OC446710 2023-04-04 2024-04-30 OC446710 bus:LimitedLiabilityPartnershipLLP 2023-04-04 2024-04-30 OC446710 bus:AuditExempt-NoAccountantsReport 2023-04-04 2024-04-30 OC446710 bus:PartnerLLP20 2023-04-04 2024-04-30 OC446710 1 2023-04-04 2024-04-30 OC446710 2 2023-04-04 2024-04-30 OC446710 4 2023-04-04 2024-04-30 OC446710 countries:England 2023-04-04 2024-04-30 OC446710 bus:FRS102 2023-04-04 2024-04-30 OC446710 bus:FilletedAccounts 2023-04-04 2024-04-30 OC446710 2024-04-30 OC446710 core:ShareCapital 2024-04-30 OC446710 2023-04-03 iso4217:GBP xbrli:pure