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REGISTERED NUMBER: OC349943 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Hycroft LLP

Hycroft LLP (Registered number: OC349943)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hycroft LLP

General Information
for the year ended 31 December 2021







DESIGNATED MEMBERS: Hycroft (UK) Limited
S Myers





REGISTERED OFFICE: 1 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: OC349943 (England and Wales)






Hycroft LLP (Registered number: OC349943)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 451,021 451,021

CREDITORS
Amounts falling due within one year 4 (51,021 ) (51,021 )
NET CURRENT ASSETS 400,000 400,000
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

400,000

400,000

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 400,000 400,000
400,000 400,000

TOTAL MEMBERS' INTERESTS
Members' other interests 400,000 400,000
Amounts due from members (451,021 ) (451,021 )
(51,021 ) (51,021 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2021.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Hycroft LLP (Registered number: OC349943)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 September 2022 and were signed by:





S Myers - Designated member

Hycroft LLP (Registered number: OC349943)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Hycroft LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

During the year, the partnership made a loss of £Nil (2020: £Nil). The members of the have partnership indicated their willingness to support the company for a period of at least 12 months from the date of signing the financial statements. On this basis, it is considered appropriate to prepare the financial statements on a going concern basis.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents
Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise cash within the bank.

Members profit and loss allocations
Guaranteed drawings of profits and losses are shown within the Profit and Loss Account as members' salaries charged as an expense. Unallocated profits and losses are distributed per the partnership agreement.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 33,055 33,055
Taxation and social security 13,775 13,775
Other creditors 4,191 4,191
51,021 51,021

5. RELATED PARTY DISCLOSURES

As at 31 December 2021, a balance due due to Hycroft (UK) Limited remains due amounting of £451,020 (2020: £451,020). The balance is a trading intercompany loan balance.

Hycroft LLP (Registered number: OC349943)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

6. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Hycroft UK Limited.

The ultimate parent undertaking and controlling party of the LLP is Hycroft LLC, a Company incorporated in the United States of America.