Registered number
OC443756
EXHIBITION WORKFORCE SERVICES LLP
Filleted Accounts
30 September 2024
EXHIBITION WORKFORCE SERVICES LLP
Registered number: OC443756
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,970 -
Current assets
Debtors 4 890 -
Cash at bank and in hand 26,447 24,562
27,337 24,562
Creditors: amounts falling due within one year 5 (600) -
Net current assets 26,737 24,562
Total assets less current liabilities 28,707 24,562
Net assets attributable to members 28,707 24,562
Represented by:
Loans and other debts due to members 6 27,590 24,562
Members' other interests
Members' capital classified as equity 1,117 -
28,707 24,562
Total members' interests
Loans and other debts due to members 6 27,590 24,562
Members' other interests 1,117 -
28,707 24,562
For the year ended 30 September 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 3 March 2025 and signed on their behalf by:
Ian Hart
Designated member
EXHIBITION WORKFORCE SERVICES LLP
Notes to the Accounts
for the year ended 30 September 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.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,387
At 30 September 2024 2,387
Depreciation
Charge for the year 417
At 30 September 2024 417
Net book value
At 30 September 2024 1,970
4 Debtors 2024 2023
£ £
Other debtors 890 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 -
6 Loans and other debts due to members 2024 2023
£ £
Amounts due to members in respect of profits 27,590 24,562
Amounts falling due within one year 27,590 24,562
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 Controlling party
There is no ultimate controlling party as each partner holds 25% voting rights.
8 Other information
EXHIBITION WORKFORCE SERVICES LLP is a limited liability partnership incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
United Kingdom
WC2H 9JQ
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