Limited Liability Partnership registration number OC355951 (England and Wales)
ALPHABET DEVELOPMENTS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ALPHABET DEVELOPMENTS LLP
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
269,074
269,074
Debtors
3
3,228
2,797
Cash at bank and in hand
182
250
272,484
272,121
Creditors: amounts falling due within one year
4
(3,586)
(3,178)
Net current assets and net assets attributable to members
268,898
268,943
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
268,898
268,943

For the financial year ended 31 March 2024 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 13 March 2025 and are signed on their behalf by:
13 March 2025
Rosegrade Limited
Mr A Fuller
Designated member
Designated Member
Limited Liability Partnership registration number OC355951 (England and Wales)
ALPHABET DEVELOPMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Limited liability partnership information

Alphabet Developments LLP is a limited liability partnership incorporated in England and Wales. The registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, 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. The principal accounting policies adopted are set out below.

1.2
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' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. 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.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.3
Stocks

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

ALPHABET DEVELOPMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,076
2,076
Other debtors
1,152
721
3,228
2,797
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,586
2,178
Other creditors
1,000
1,000
3,586
3,178
5
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

6
Members' transactions

There are no such transactions to disclose.

2024-03-312023-04-01falsefalse13 March 2025CCH SoftwareCCH Accounts Production 2024.301falseOC3559512023-04-012024-03-31OC3559512024-03-31OC355951bus:PartnerLLP12023-04-012024-03-31OC355951bus:PartnerLLP22023-04-012024-03-31OC3559512022-04-012023-03-31OC355951bus:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC355951bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC355951bus:FRS1022023-04-012024-03-31OC355951bus:AuditExemptWithAccountantsReport2023-04-012024-03-31OC355951bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:shares