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REGISTERED NUMBER: OC325036 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

DEEP WATER PARTNERS LLP

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

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










Page

General Information 1

Report of the Members 2

Statement of Financial Position 3

Notes to the Financial Statements 5


DEEP WATER PARTNERS LLP

General Information
for the year ended 31 December 2021







DESIGNATED MEMBERS: D P Haydn-Taylor
W R Barlow





REGISTERED OFFICE: Unit 11 Chelsea Wharf
15 Lots Road
London
SW10 0QJ





REGISTERED NUMBER: OC325036 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
4th Floor
Venture House
27-29 Glasshouse Street
London
W1B 5DF

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

Report of the Members
for the year ended 31 December 2021


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

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of holding investments.

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

D P Haydn-Taylor
W R Barlow

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

V Sawdon

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £90,183 (2020 - £69,979 profit).

MEMBERS' INTERESTS
Each members' subscription to the capital of the LLP is determined by agreement with the designated members and is repayable following retirement from the LLP.

The members participate fully in the profits and losses. The policy is to allow each member to draw such sum as the designated members may from time to time agree, subject to the cash requirements of the LLP.

ON BEHALF OF THE MEMBERS:





W R Barlow - Designated member


13 September 2022

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

Statement of Financial Position
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 5 2,244 2,244

CURRENT ASSETS
Debtors 4 4
Cash at bank 398 399
402 403
NET CURRENT ASSETS 402 403
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,646

2,647

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

2,646

2,647

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 2,646 2,647
Amounts due from members (4 ) (4 )
2,642 2,643

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.

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

Statement of Financial Position - 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 September 2022 and were signed by:





W R Barlow - Designated member

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

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


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment
Investments in unlisted entities held as fixed assets are shown at cost less provisions for impairment.

Members' interests
Members' capital is classified as a liability under FRS 25 because they are repayable when a member leaves. Unallocated current year profits are classified as equity.

Income taxation
Income tax payable on partnership profits is the personal liability of individual members.

4. EMPLOYEE INFORMATION

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

DEEP WATER PARTNERS LLP (REGISTERED NUMBER: OC325036)

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


5. FIXED ASSET INVESTMENTS
Interest
in
associate Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 2,000 578 2,578
PROVISIONS
At 1 January 2021
and 31 December 2021 - 334 334
NET BOOK VALUE
At 31 December 2021 2,000 244 2,244
At 31 December 2020 2,000 244 2,244

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2021 2020
£    £   
Amounts owed to members in respect of profits 2,646 2,647

Falling due within one year 2,646 2,647

Loans and other debts due to members would rank equally in relation to other creditors.