Parke Partnership LLP |
Registered number: |
OC345951 |
Balance Sheet |
as at 31 May 2024 |
Notes |
|
2024 |
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
655 |
|
1 |
|
|
|
|
|
|
Current assets |
Debtors |
4 |
|
250 |
|
- |
Cash at bank and in hand |
|
|
3,421 |
|
1,382 |
|
|
|
3,671 |
|
1,382 |
|
Creditors: amounts falling due within one year |
5 |
|
(14,264) |
|
(18,802) |
|
Net current liabilities |
|
|
(10,593) |
|
(17,420) |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
(9,938) |
|
(17,419) |
|
|
|
Net liabilities attributable to members |
(9,938) |
|
(17,419) |
|
|
|
|
|
|
Represented by: |
|
|
|
|
|
|
Members' other interests |
Members' capital classified as equity |
|
|
(9,938) |
|
(17,419) |
|
|
|
|
|
|
|
|
|
(9,938) |
|
(17,419) |
|
|
|
|
|
|
Total members' interests |
Members' other interests |
|
|
(9,938) |
|
(17,419) |
|
|
|
|
(9,938) |
|
(17,419) |
|
|
|
|
|
|
For the year ended 31 May 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. |
|
|
|
|
|
|
|
|
|
|
Continued… |
|
|
Continued… |
|
|
|
|
These accounts were approved by the members on 13 January 2025 and signed on their behalf by: |
|
|
|
|
|
|
J Azis |
Designated member |
|
Parke Partnership LLP |
Notes to the Accounts |
for the year ended 31 May 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 represents fees receivable. |
|
|
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. |
|
|
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: |
|
|
Office equipment |
3 years straight line |
|
Motor vehicles |
20% Reducing balance |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 June 2023 |
12,976 |
|
4,750 |
|
17,726 |
|
Additions |
981 |
|
- |
|
981 |
|
At 31 May 2024 |
13,957 |
|
4,750 |
|
18,707 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2023 |
12,975 |
|
4,750 |
|
17,725 |
|
Charge for the year |
327 |
|
- |
|
327 |
|
At 31 May 2024 |
13,302 |
|
4,750 |
|
18,052 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2024 |
655 |
|
- |
|
655 |
|
At 31 May 2023 |
1 |
|
- |
|
1 |
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
250 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
- |
|
493 |
|
Other taxes and social security costs |
1,203 |
|
1,253 |
|
Other creditors |
13,061 |
|
17,056 |
|
|
|
|
|
|
14,264 |
|
18,802 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Parke Partnership LLP is a limited liability partnership incorporated in England. Its registered office is: 9 Manor Road, Wood Green, London, N22 8YJ. |