Naviter Capital LLP Filleted Accounts Cover |
Registered No. OC382310 | |||||||||
Naviter Capital LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 5 | 10,745 | 10,873 | |||||||
10,745 | 10,873 | |||||||||
Current assets | ||||||||||
Debtors | 6 | 15,061 | 406 | |||||||
Cash at bank and in hand | 70,166 | 25,829 | ||||||||
85,227 | 26,235 | |||||||||
Creditors: Amounts falling due within one year | 7 | (1,890) | (4,087) | |||||||
Net current assets | 83,337 | 22,148 | ||||||||
Total assets less current liabilities | 94,082 | 33,021 | ||||||||
Net assets attributable to members | 94,082 | 33,021 | ||||||||
Represented by: | ||||||||||
Loans and other debts due to members | 2,787,255 | 2,487,255 | ||||||||
Members' other interests | ||||||||||
Other reserves | (2,693,173) | (2,454,234) | ||||||||
(2,693,173) | (2,454,234) | |||||||||
94,082 | 33,021 | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the members on 05 September 2022 | ||||||||||
And signed on its behalf by designated member: | ||||||||||
G. Assi | ||||||||||
Designated member | ||||||||||
05 September 2022 |
Naviter Capital LLP Notes to the Accounts Registrar |
for the year ended 31 March 2022 | ||||||||||||||||
1 | General information | |||||||||||||||
Its registered number is: OC382310 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies |
Turnover | ||||||||||||||||
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||||
Members' remuneration and division of profits | ||||||||||||||||
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account. In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense. Profits are treated as being available for discretionary division only if the 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. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Plant and machinery | ||||||||||||||||
Investments | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Provisions | ||||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||||
Members' Interests | ||||||||||||||||
Members' interests are classified as either equity or debt. Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members. | ||||||||||||||||
Foreign currencies | ||||||||||||||||
Taxation | ||||||||||||||||
Defined contribution pensions | ||||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||||
3 | Information in relation to members | |||||||||||||||
2022 | 2021 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of members during the year : | 2 | 3 | ||||||||||||||
4 | Employees | |||||||||||||||
2022 | 2021 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
5 | Tangible fixed assets | |||||||||||||||
Plant and machinery | Total | |||||||||||||||
£ | £ | |||||||||||||||
Cost | ||||||||||||||||
At 1 April 2021 | ||||||||||||||||
Additions | ||||||||||||||||
At 31 March 2022 | ||||||||||||||||
Depreciation | ||||||||||||||||
At 1 April 2021 | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 31 March 2022 | ||||||||||||||||
Net book values | ||||||||||||||||
At 31 March 2022 | ||||||||||||||||
At 31 March 2021 | ||||||||||||||||
6 | Debtors | |||||||||||||||
2022 | 2021 | |||||||||||||||
£ | £ | |||||||||||||||
VAT recoverable | ||||||||||||||||
Other debtors | ||||||||||||||||
Prepayments and accrued income | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2022 | 2021 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Trade creditors | ||||||||||||||||
Other creditors | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||
8 | Loans and other debts due to members | |||||||||||||||
2022 | 2021 | |||||||||||||||
£ | £ | |||||||||||||||
Loans from members | 2,787,255 | 2,487,255 | ||||||||||||||
2,787,255 | 2,487,255 | |||||||||||||||
Amounts falling due within one year | 2,787,255 | - | ||||||||||||||
2,787,255 | 2,487,255 | |||||||||||||||