Acorah Software Products - Accounts Production 16.2.850 false true false 12 October 2023 31 October 2024 31 October 2024 OC449497 Mr Xing Sun Mr Long Yuan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC449497 2023-10-11 OC449497 2024-10-31 OC449497 2023-10-12 2024-10-31 OC449497 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-12 2024-10-31 OC449497 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-12 2024-10-31 OC449497 frs-bus:FilletedAccounts 2023-10-12 2024-10-31 OC449497 frs-bus:SmallEntities 2023-10-12 2024-10-31 OC449497 frs-bus:AuditExempt-NoAccountantsReport 2023-10-12 2024-10-31 OC449497 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-12 2024-10-31 OC449497 frs-countries:EnglandWales 2023-10-12 2024-10-31 OC449497 frs-bus:PartnerLLP1 2023-10-12 2024-10-31 OC449497 frs-bus:PartnerLLP2 2023-10-12 2024-10-31
Registered number: OC449497
INOASIS LLP
Unaudited Financial Statements
For the Period 12 October 2023 to 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: OC449497
31 October 2024
Notes £ £
CURRENT ASSETS
Debtors 4 793
Cash at bank and in hand 641
1,434
NET CURRENT ASSETS (LIABILITIES) 1,434
TOTAL ASSETS LESS CURRENT LIABILITIES 1,434
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,434
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 4,556
4,556
Equity
Members' other interests
Other reserves (3,122)
(3,122)
1,434
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 4,556
Members' other interests (3,122)
1,434
For the period ending 31 October 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Xing Sun
Designated Member
01/05/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
INOASIS LLP is a limited liability partnership, incorporated in England & Wales, registered number OC449497 . The Registered Office is 167-169 Great Portland Street, 5th Floor, London, England, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Critical Accounting Judgments
In preparing these financial statements, the members made critical judgments in applying accounting policies, particularly in assessing revenue recognition, going concern assumptions, and recoverability of receivables. These judgments involve estimates that may differ from actual outcomes and are reviewed regularly to reflect current conditions.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL
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4. Debtors
31 October 2024
£
Due within one year
Other debtors 793
Page 2