Registered number
OC348224
UNIVERSITE EUROPEENNE LLP
Filleted Accounts
31 August 2024
UNIVERSITE EUROPEENNE LLP
Registered number: OC348224
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 5,747 2,973
Creditors: amounts falling due within one year 3 (1,620) (1,620)
Net current assets 4,127 1,353
Total assets less current liabilities 4,127 1,353
Net assets attributable to members 4,127 1,353
Represented by:
Loans and other debts due to members 4 3,127 353
Members' other interests
Members' capital classified as equity 1,000 1,000
4,127 1,353
Total members' interests
Loans and other debts due to members 4 3,127 353
Members' other interests 1,000 1,000
4,127 1,353
For the year ended 31 August 2024 the LLP was entitled to exemption from audit under section 477 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 22 April 2025 and signed on their behalf by:
Marco Paret
Designated member
UNIVERSITE EUROPEENNE LLP
Notes to the Accounts
for the year ended 31 August 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.
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,620 1,620
4 Loans and other debts due to members 2024 2023
£ £
Loans from members 3,127 353
Amounts falling due within one year 3,127 353
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
5 Other information
UNIVERSITE EUROPEENNE LLP is a limited liability partnership incorporated in England. Its registered office is:
Premier, 5th Floor
22 Eastcheap
LONDON
England
EC3M 1EU
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