Registered number
OC414254
Lankester Engineering LLP
Filleted Accounts
31 December 2024
Lankester Engineering LLP
Registered number: OC414254
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,161 3,719
Current assets
Debtors 4 628 -
Cash at bank and in hand 63,014 184,729
63,642 184,729
Creditors: amounts falling due within one year 5 (3,756) (21,794)
Assets 59,886 162,935
Total assets less current liabilities 62,047 166,654
Assets 62,047 166,654
Represented by:
Members' other interests
Members' capital classified as equity 62,047 156,433
62,047 166,654
Total members' interests
Members' other interests 62,047 156,433
62,047 166,654
For the year ended 31 December 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 30 May 2025 and signed on their behalf by:
P Winer
Designated member
Lankester Engineering LLP
Notes to the Accounts
for the year ended 31 December 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP - -
3 Tangible fixed assets
Plant and machinery etc Plant and machinery etc
£ £
Cost
At 1 January 2024 14,417 14,417
At 31 December 2024 14,417 14,417
Depreciation
At 1 January 2024 10,698 10,698
Charge for the year 1,558 1,558
At 31 December 2024 12,256 12,256
Net book value
At 31 December 2024 2,161 2,161
At 31 December 2023 3,719 3,719
4 Debtors 2024 2023
£ £
Trade debtors 628 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,244 -
Other taxes and social security costs 12 458
Other creditors 1,500 21,336
3,756 21,794
6 Other information
Lankester Engineering LLP is a limited liability partnership incorporated in England. Its registered office is:
Eighth Floor
6 New Street Square, New Fetter Lane
London
London
EC4A 3AQ
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