REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period |
13 December 2021 to 5 April 2023 |
for |
TKNVA Partners LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period |
13 December 2021 to 5 April 2023 |
for |
TKNVA Partners LLP |
TKNVA Partners LLP (Registered number: OC440307) |
Contents of the Financial Statements |
for the Period 13 December 2021 to 5 April 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
TKNVA Partners LLP |
General Information |
for the Period 13 December 2021 to 5 April 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants & Business Advisers |
15 Newland |
Lincoln |
Lincolnshire |
LN1 1XG |
TKNVA Partners LLP (Registered number: OC440307) |
Report of the Members |
for the Period 13 December 2021 to 5 April 2023 |
The members present their report with the financial statements of the LLP for the period 13 December 2021 to 5 April 2023. |
INCORPORATION |
The LLP was incorporated on 13 December 2021 and commenced trading on the same date. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of consultancy services. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The loss for the period before members' remuneration and profit shares was £533,858. |
MEMBERS' INTERESTS |
The members' drawing policy allows each member to draw a proportion of their profit share as and when profit is made, subject to the cash requirements of the business. |
A member's capital requirement is linked to their share of profit/loss and the financing requirement of the limited liability partnership.There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital at "par". |
ON BEHALF OF THE MEMBERS: |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
TKNVA Partners 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 TKNVA Partners LLP for the period ended 5 April 2023 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 TKNVA Partners 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 TKNVA Partners LLP and state those matters that we have agreed to state to the members of TKNVA Partners 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 TKNVA Partners LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that TKNVA Partners 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 TKNVA Partners LLP. You consider that TKNVA Partners LLP is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of TKNVA Partners 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. |
Chartered Accountants & Business Advisers |
15 Newland |
Lincoln |
Lincolnshire |
LN1 1XG |
TKNVA Partners LLP (Registered number: OC440307) |
Income Statement |
for the Period 13 December 2021 to 5 April 2023 |
£ |
TURNOVER |
Administrative expenses |
(537,501 | ) |
Other operating income |
OPERATING LOSS and |
LOSS FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
TKNVA Partners LLP (Registered number: OC440307) |
Balance Sheet |
5 April 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
151,594 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
151,594 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 151,594 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
TKNVA Partners LLP (Registered number: OC440307) |
Notes to the Financial Statements |
for the Period 13 December 2021 to 5 April 2023 |
1. | STATUTORY INFORMATION |
TKNVA 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. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Intangible assets |
Cryptocurrency is initially measured at cost and subsequently reported at fair value. Annually an impairment review is carried out to ensure the value is indicative of its current value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
Disposals | ( |
) |
Impairments | (370,034 | ) |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. |