Registered number
OC336580
iFleet (UK) LLP
Filleted Accounts
30 June 2024
iFleet (UK) LLP
Report and accounts
Contents
Page
Balance sheet 1
Notes to the accounts 2 - 3
iFleet (UK) LLP
Registered number: OC336580
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 6,000 6,000
Net assets attributable to members 6,000 6,000
Represented by:
Members' other interests
Members' capital classified as equity 6,000 6,000
6,000 6,000
Total members' interests
Members' other interests 6,000 6,000
6,000 6,000
For the year ended 30 June 2024 the LLP was entitled to exemption from audit under section 480 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 6 March 2025 and signed on their behalf by:
K E Wazir
Designated member
iFleet (UK) LLP
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Limited liability partnership information
IFleet (UK) LLP is a limited liability partnership incorporated in England and Wales. The registered office is 96 Bristol Road, Birmingham, B5 7XJ.
The limited liability partnership's principal activities are disclosed in the Members’ Report.
1.1 Accounting convention
These accounts have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £. . The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Profit and loss account
The LLP has not traded during the year or the preceding financial period. During this time, the LLP received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3 Members’ participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
All amounts due to members that are classified as liabilities are presented within ‘Loans and other debts due to members’. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.
1.4 Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. .
A subsidiary is an entity controlled by the limited liability partnership. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2 Information in relation to members 2024 2023
Number Number
Average number of members 4 4
3 Fixed asset investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 6,000
At 30 June 2024 6,000
4 Subsidiaries
The limited liability partnership holds more than 20% of the share capital of the following companies: Details of the limited liability partnership's subsidiaries at 30 June 2023 are as follows:
Name of undertaking & Registered office Nature of business Class of shares held % Held Direct
Ifleet Ltd Provision of business vehicle Ordinary
England and Wales management and maintenance
services 50 -
iFleet (UK) LLP OC336580 true 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 K E Wazir No description of principal activity OC336580 2022-07-01 2023-06-30 OC336580 core:ShareCapital 2023-06-30 OC336580 2023-07-01 2024-06-30 OC336580 bus:EntityHasNeverTraded 2023-07-01 2024-06-30 OC336580 bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC336580 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 OC336580 bus:PartnerLLP20 2023-07-01 2024-06-30 OC336580 3 2023-07-01 2024-06-30 OC336580 4 2023-07-01 2024-06-30 OC336580 bus:FRS102 2023-07-01 2024-06-30 OC336580 bus:FilletedAccounts 2023-07-01 2024-06-30 OC336580 2024-06-30 OC336580 core:ShareCapital 2024-06-30 OC336580 2023-06-30 iso4217:GBP xbrli:pure