1 January 2024 false Taxfiler 2024.6 OC325076business:LimitedLiabilityPartnershipLLP2024-01-012024-12-31 OC3250762023-12-31 OC3250762024-01-012024-12-31 OC325076business:AuditExemptWithAccountantsReport2024-01-012024-12-31 OC325076business:FilletedAccounts2024-01-012024-12-31 OC3250762024-12-31 OC325076business:PartnerLLP12024-01-012024-12-31 OC325076business:PartnerLLP22024-01-012024-12-31 OC325076business:RegisteredOffice2024-01-012024-12-31 OC3250762023-12-31 OC325076core:AfterOneYear2024-12-31 OC325076core:AfterOneYear2023-12-31 OC325076core:ShareCapital2024-12-31 OC325076core:ShareCapital2023-12-31 OC325076core:RetainedEarningsAccumulatedLosses2024-12-31 OC325076core:RetainedEarningsAccumulatedLosses2023-12-31 OC325076business:SmallEntities2024-01-012024-12-31 OC325076countries:EnglandWales2024-01-012024-12-31 OC3250762023-01-012023-12-31 iso4217:GBP xbrli:pure
Registered No. OC325076 (England and Wales)
EUROPEAN LEATHER BROKERS LLP Unaudited accounts for the year ended 31 December 2024
EUROPEAN LEATHER BROKERS LLP LLP Information for the year ended 31 December 2024
Designated members
Halkin Investment LLC
Kidin International LLC
Registered Number
OC325076 (England and Wales)
Registered Office
UNIVERSAL HOUSE 88-94 WENTWORTH STREET UNIT 10 FIRST FLOOR LONDON E1 7SA
Accountants
Delbeck Accountancy Newton Hall Town Street Newton Cambridge CB22 7ZE
- 2 -
EUROPEAN LEATHER BROKERS LLP Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
2,439,352 
2,486,088 
Cash at bank and in hand
177,002 
281,142 
2,616,354 
2,767,230 
Net current assets
2,616,354 
2,767,230 
Total assets less current liabilities
2,616,354 
2,767,230 
Creditors: amounts falling due after more than one year
3
(312,723)
(348,441)
Net assets attributable to members
2,303,631 
2,418,789 
Represented by:
Members' other interests
Members' capital classified as equity
612,125 
952,101 
Other reserves
1,691,506 
1,466,688 
2,303,631 
2,418,789 
2,303,631 
2,418,789 
Total members' interests
Members' other interests
2,303,631 
2,418,789 
2,303,631 
2,418,789 
For the year ending 31 December 2024 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 25 September 2025.
Halkin Investment LLC Designated member Limited Liability Partnership Registration No. OC325076
- 3 -
EUROPEAN LEATHER BROKERS 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.
Presentation currency
The accounts are presented in £ sterling.
Foreign currencies
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.
Turnover
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' remuneration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense. Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Members' capital
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
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.
2
Statutory information
EUROPEAN LEATHER BROKERS LLP is a limited liability partnership, incorporated in England and Wales, registration number OC325076. Its registered office is UNIVERSAL HOUSE 88-94 WENTWORTH STREET, UNIT 10 FIRST FLOOR, LONDON, E1 7SA.
3
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
309,896 
348,441 
Other creditors
2,827 
- 
312,723 
348,441 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
- 4 -
EUROPEAN LEATHER BROKERS LLP Notes to the Accounts for the year ended 31 December 2024
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -