Registered number
OC421792
AZURE GLOBAL ACCOUNTANTS LLP
Filleted Accounts
29 April 2024
AZURE GLOBAL ACCOUNTANTS LLP
Registered number: OC421792
Balance Sheet
as at 29 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 - 1,180
Cash at bank and in hand 868 344
868 1,524
Net current assets 868 1,524
Total assets less current liabilities 868 1,524
Net assets attributable to members 868 1,524
Represented by:
Loans and other debts due to members 5 22,053 -
Members' other interests
Members' capital classified as equity 1,524 1,524
Other reserves (22,709) -
(21,185) 1,524
868 1,524
Total members' interests
Loans and other debts due to members 5 22,053 -
Members' other interests (21,185) 1,524
868 1,524
For the year ended 29 April 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 28 May 2025 and signed on their behalf by:
Afsheen Arshad
Designated member
AZURE GLOBAL ACCOUNTANTS LLP
Notes to the Accounts
for the year ended 29 April 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 30 April 2023 2,286
At 29 April 2024 2,286
Depreciation
At 30 April 2023 2,286
At 29 April 2024 2,286
Net book value
At 29 April 2024 -
4 Debtors 2024 2023
£ £
Other debtors - 1,180
5 Loans and other debts due to members 2024 2023
£ £
Members capital classified as debt 22,053 -
Amounts falling due within one year 22,053 -
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Other information
AZURE GLOBAL ACCOUNTANTS LLP is a limited liability partnership incorporated in England. Its registered office is:
Kemp House
152 - 160 City Road
London
EC1V 2NX
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