Adelaide Associates LLP |
Registered number: |
OC354432 |
Balance Sheet |
as at 31 March 2024 |
Notes |
|
2024 |
|
2023 |
£ |
£ |
Current assets |
|
|
|
|
|
Debtors |
3 |
|
3 |
|
3 |
|
|
Net current assets |
|
|
3 |
|
3 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
3 |
|
3 |
|
|
|
Net assets attributable to members |
3 |
|
3 |
|
|
|
|
|
|
Represented by: |
|
|
|
|
|
|
Members' other interests |
Members' capital classified as equity |
|
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
3 |
|
3 |
|
|
|
|
|
|
Total members' interests |
Members' other interests |
|
|
3 |
|
3 |
|
|
|
|
3 |
|
3 |
|
|
|
|
|
|
For the year ended 31 March 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 24 March 2025 and signed on their behalf by: |
|
|
M N Steinberg |
Designated member |
|
Adelaide Associates LLP |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
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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. |
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|
Division of profits |
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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. |
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Taxation |
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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. |
|
|
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. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
The LLP has no employees during the financial year, other than the designated members. |
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
4 |
Other information |
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Adelaide Associates LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
10 Upper Berkeley Street |
|
London |
|
W1H 7PE |