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Registered number: OC435687
IPINV HOLDINGS LLP
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 28 FEBRUARY 2024
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IPINV HOLDINGS LLP
REGISTERED NUMBER: OC435687
BALANCE SHEET
AS AT 28 FEBRUARY 2024
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as equity
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IPINV HOLDINGS LLP
REGISTERED NUMBER: OC435687
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity was entitled to exemption from audit under section 480 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) 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 LLPs subject to the small LLPs regime.
The entity has opted not to file the profit and loss account 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 by:
The notes on pages 4 to 5 form part of these financial statements.
IPINV Holdings LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
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IPINV HOLDINGS LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024
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EQUITY
Members' other interests
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Members' capital (classified as equity)
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Balance at 23 February 2021
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Members' interests after profit for the period
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Balance at 28 February 2023
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Members' interests after profit for the period
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Balance at 28 February 2024
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There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
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IPINV HOLDINGS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024
IPINV Holdings LLP is a limited liability partnership registered in England and Wales. Its registered office is Temple Chambers, 3-7 Temple Avenue, Suite 161-163, London, EC4Y 0HP.
The financial statements are presented in Sterling (£), rounded to nearest £1.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
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Division and distribution of profits
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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.
Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Information in relation to members
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The average members remuneration during the period was
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IPINV HOLDINGS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024
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