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Registration number: OC425842

Almero Camden City LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Almero Camden City LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 7

Balance Sheet

2

Notes to the Financial Statements

4

 

Almero Camden City LLP

Limited liability partnership information

Designated members

Almero Camden Limited

City Camden Limited
 

Registered office

Bath House
16 Bath Row
Stamford
Lincolnshire
PE9 2QU

Accountants

Hazlewoods LLP
Windsor House

Bayshill Road

Cheltenham
GL50 3AT

 

Almero Camden City LLP

(Registration number: OC425842)
Balance Sheet as at 31 December 2022

Note

2022
 £

2021
 £

Fixed assets

 

Intangible assets

3

18,454

18,454

Investments

4

16,152,489

16,152,489

 

16,170,943

16,170,943

Current assets

 

Debtors

2,928,132

2,298,811

Cash and short-term deposits

 

16

-

 

2,928,148

2,298,811

Creditors: Amounts falling due within one year

6

(2,768,070)

(2,142,890)

Net current assets

 

160,078

155,921

Net assets attributable to members

 

16,331,021

16,326,864

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

15,232

11,075

Members’ other interests

 

Members' capital classified as equity

 

16,315,789

16,315,789

   

16,331,021

16,326,864

Total members' interests

 

Loans and other debts due to members

 

15,232

11,075

Equity

 

16,315,789

16,315,789

   

16,331,021

16,326,864

For the year ending 31 December 2022 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Almero Camden City LLP

(Registration number: OC425842)
Balance Sheet as at 31 December 2022 (continued)

The financial statements of Almero Camden City LLP (registered number OC425842) were approved by the members and authorised for issue on 28 September 2023. They were signed on behalf of the LLP by:

.........................................
Almero Camden Limited
Designated member

 

Almero Camden City LLP

Notes to the Financial Statements for the Year Ended 31 December 2022

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

The presentational currency of the financial statements is pounds sterling, being the functional currency of the primary economic environment in which the LLP operates. Monetary amounts in these financial statements are rounded to the nearest pound.

Judgements

In the application of the LLP's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Members' remuneration and division of profits

The profits of the LLP are automatically divided among the members in accordance with the agreed profit share arrangements.

A member's share of the profit or loss for the year is accounted for as an allocation of profits.

Taxation

The taxation payable on the LLP's profits is the personal liability of the members, although payment of such liabilities is administered by the LLP on behalf of its members. Consequently, neither LLP taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Intangible assets

Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill wen they arise from contractual or other legal rights, are separable , the expected future economic benefits are probable and the cost or value can be measured reliably.

 

Almero Camden City LLP

Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)

1

Accounting policies (continued)

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the LLP does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Financial instruments

Classification

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the LLP is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 

Almero Camden City LLP

Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)

1

Accounting policies (continued)

Recognition and Measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2021 - 0).

 

Almero Camden City LLP

Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)

3

Intangible fixed assets

Total
£

Cost

At 1 January 2022

18,454

At 31 December 2022

18,454

4

Investments held as fixed assets

2022
 £

2021
 £

Shares in group undertakings

16,152,489

16,152,489

Investments held in Almero Camden City LLP are comprised of shareholdings in Elebro Limited.

5

Debtors

2022
 £

2021
 £

Other debtors

2,928,132

2,298,811

Total current trade and other debtors

2,928,132

2,298,811

6

Creditors: Amounts falling due within one year

2022
 £

2021
 £

Trade creditors

300

9,600

Other creditors

2,767,770

2,133,290

2,768,070

2,142,890