Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3122023-09-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2truefalse OC327701 2023-08-31 OC327701 2023-09-01 2024-03-31 OC327701 2022-09-01 2023-08-31 OC327701 2024-03-31 OC327701 c:Micro-entities 2023-09-01 2024-03-31 OC327701 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC327701 c:FullAccounts 2023-09-01 2024-03-31 OC327701 c:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC327701 c:PartnerLLP1 2023-09-01 2024-03-31 OC327701 d:USDollar 2023-09-01 2024-03-31 xbrli:pure

Registered number: OC327701









IPS INTERNATIONAL PAYMENT SYSTEMS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
IPS INTERNATIONAL PAYMENT SYSTEMS LLP
REGISTERED NUMBER: OC327701

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
$
$

  

Current assets
  

Debtors
  
50,734
50,735

Cash at bank and in hand
  
13,512
28,179

  
64,246
78,914

Creditors: Amounts Falling Due Within One Year
  
(1,007,771)
(1,005,897)

Net current liabilities
  
 
 
(943,525)
 
 
(926,983)

Total assets less current liabilities
  
(943,525)
(926,983)

  

Net liabilities
  
(943,525)
(926,983)


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
(946,220)
(926,983)

Other reserves classified as equity
  
2,695
-

  
 
(943,525)
 
(926,983)

  
(943,525)
(926,983)


Notes


General information

IPS International Payment System LLP is a Limited Liability Partnership registered in England and Wales. Its registered office is 7 Princessa Court, Uvedale Road, Enfield, Middlesex, EN2 6HG.


Average number of employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006)
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IPS INTERNATIONAL PAYMENT SYSTEMS LLP
REGISTERED NUMBER: OC327701
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 29 January 2025.




Dr Ali Demirbag
Designated member

 
1.1

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

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