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Registered number: OC437752
Archer Touring LLP
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC437752
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 273,362 67,100
Cash at bank and in hand 78,621 23,643
351,983 90,743
Creditors: Amounts Falling Due Within One Year 5 (49,314 ) (82,464 )
NET CURRENT ASSETS (LIABILITIES) 302,669 8,279
TOTAL ASSETS LESS CURRENT LIABILITIES 302,669 8,279
NET ASSETS ATTRIBUTABLE TO MEMBERS 302,669 8,279
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 245,438 -
Other amounts 57,231 8,279
302,669 8,279
302,669 8,279
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 302,669 8,279
302,669 8,279
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Sarah-Faith Griffiths
Designated Member
26/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Archer Touring LLP is a limited liability partnership, incorporated in England & Wales, registered number OC437752 . The Registered Office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The LLP has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 158,550 784
Prepayments and accrued income 108,028 66,316
VAT 6,784 -
273,362 67,100
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,037 1,417
VAT - 727
Other creditors - 75,803
Accruals and deferred income 41,277 4,517
49,314 82,464
Page 4