Parke Partnership LLP
Filleted Accounts
31 May 2024
Registered number
OC345951
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.
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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.
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