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REGISTERED NUMBER: OC427742 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31st October 2021

for

Great Britain Top Team LLP

Great Britain Top Team LLP (Registered number: OC427742)






Contents of the Financial Statements
for the Year Ended 31st October 2021




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Great Britain Top Team LLP

General Information
for the Year Ended 31st October 2021







DESIGNATED MEMBERS: M Barrett
B S C Pickett
Totem Mma Limited





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: OC427742 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Great Britain Top Team LLP (Registered number: OC427742)

Report of the Members
for the Year Ended 31st October 2021

The members present their report with the financial statements of the LLP for the year ended 31st October 2021.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of sports activities

DESIGNATED MEMBERS
The designated members during the year under review were:

M Barrett
B S C Pickett
Totem Mma Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £109,647 (2020 - £13,963 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Barrett - Designated member


30th August 2022

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Great Britain Top Team LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Great Britain Top Team LLP for the year ended 31st October 2021 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Great Britain Top Team LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Great Britain Top Team LLP and state those matters that we have agreed to state to the members of Great Britain Top Team LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great Britain Top Team LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Great Britain Top Team LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Great Britain Top Team LLP. You consider that Great Britain Top Team LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Great Britain Top Team LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


30th August 2022

Great Britain Top Team LLP (Registered number: OC427742)

Income Statement
for the Year Ended 31st October 2021

Period
18/6/19
Year Ended to
31/10/21 31/10/20
Notes £    £   

TURNOVER - -

Administrative expenses 109,647 13,963
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION
AMONG MEMBERS





(109,647





)





(13,963





)

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet
31st October 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 158,323 -

CURRENT ASSETS
Stocks 5,748 -
Debtors 6 248,179 43,924
Cash at bank 4,418 -
258,345 43,924
CREDITORS
Amounts falling due within one year 7 416,668 43,924
NET CURRENT LIABILITIES (158,323 ) -
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET LIABILITIES ATTRIBUTABLE
TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 6 (120,170 ) (41,783 )

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 31st October 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.

Great Britain Top Team LLP (Registered number: OC427742)

Balance Sheet - continued
31st October 2021


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

The financial statements were approved by the members of the LLP and authorised for issue on 30th August 2022 and were signed by:





M Barrett - Designated member

Great Britain Top Team LLP (Registered number: OC427742)

Notes to the Financial Statements
for the Year Ended 31st October 2021

1. STATUTORY INFORMATION

Great Britain Top Team 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2020 - NIL ) .

4. OPERATING LOSS

The operating loss is stated after charging:

Period
18/6/19
Year Ended to
31/10/21 31/10/20
£    £   
Depreciation - owned assets 27,940 -

Great Britain Top Team LLP (Registered number: OC427742)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 186,263
At 31st October 2021 186,263
DEPRECIATION
Charge for year 27,940
At 31st October 2021 27,940
NET BOOK VALUE
At 31st October 2021 158,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 248,179 43,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 80,555 -
Taxation and social security 738 -
Other creditors 335,375 43,924
416,668 43,924

8. RELATED PARTY DISCLOSURES

Great Britain Top Team LLP is connected to Totem Care Limited by Mr M Barrett who is a director and shareholder of the company.

At the balance sheet date Great Britain Top Team LLP owed Totem Care Limited £335,375 (2020 £43,424), this is included in Other Creditors.