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Registered number: OC447160
Real FORTUNES LLP
Unaudited Financial Statements
For the Period 2 May 2024 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC447160
31 May 2024 1 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 500,000 -
500,000 -
CURRENT ASSETS
Cash at bank and in hand 7,308 -
7,308 -
Creditors: Amounts Falling Due Within One Year (650 ) -
NET CURRENT ASSETS (LIABILITIES) 6,658 -
TOTAL ASSETS LESS CURRENT LIABILITIES 506,658 -
Creditors: Amounts Falling Due After More Than One Year (500,000 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,658 -
REPRESENTED BY:
Equity
Members' other interests
Members' capital 2 2
Other reserves 6,656 (2)
6,658 -
TOTAL MEMBERS' INTEREST
Members' other interests 6,658 -
6,658 -
Page 1
Page 2
For the period ending 31 May 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
Mrs Shazia BHATTI
Partner
02/01/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Real FORTUNES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC447160 . The Registered Office is 34, Ardleigh Green Road, Hornchurch, Essex, RM11 2LQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2024: )
2 -
Page 3