Registered number
OC354432
Adelaide Associates LLP
Accounts
31 March 2024
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
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.
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.
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
Adelaide Associates LLP is a limited liability partnership incorporated in England. Its registered office is:
10 Upper Berkeley Street
London
W1H 7PE
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