Registered No. OC443768 (England and Wales)
GROUPE LFD LLP
Unaudited accounts
for the year ended 31 March 2025
GROUPE LFD LLP
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
13,794
13,266
Creditors: amounts falling due within one year
(12,653)
(4,189)
Net current assets
23,035
21,752
Net assets attributable to members
23,035
21,752
Loans and other debts due to members
29,778
22,758
Other reserves
(6,743)
(1,006)
Loans and other debts due to members
29,778
22,758
Members' other interests
(6,743)
(1,006)
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 16 July 2025.
Mr Abdelaziz Baali
Designated member
Limited Liability Partnership Registration No. OC443768
GROUPE LFD LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
GROUPE LFD LLP is a limited liability partnership, incorporated in England and Wales, registration number OC443768. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
3
Creditors: amounts falling due within one year
2025
2024
Taxes and social security costs
219
3,389
The other creditor balance represents an unsecured loan which carries no interest but is repayable on demand.
GROUPE LFD LLP
Notes to the Accounts
for the year ended 31 March 2025
4
Loans and other debts due to members
2025
2024
Loans from members
29,778
22,758
Amounts falling due within one year
29,778
22,758
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 2 (2024: 2).