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REGISTERED NUMBER: OC385807 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Icg-Longbow Partners Investments
No.3 LLP

Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icg-Longbow Partners Investments
No.3 LLP

General Information
for the year ended 30 June 2023







Designated members: G.A.T. Solutions Limited
Limmer Investments Limited





Registered office: Procession House
55 Ludgate Hill
London
EC4M 7JW





Registered number: OC385807 (England and Wales)






Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 15,096 293,020

Current assets
Debtors 1,000 1,000
Cash at bank 20,307 2,259
21,307 3,259
Creditors
Amounts falling due within one year 5 2,400 2,400
Net current assets 18,907 859
Total assets less current liabilities
and
Net assets attributable to members 34,003 293,879

Loans and other debts due to members 6 224,056 337,713

Members' other interests
Capital accounts 16,550 16,550
Other reserves 7 (206,603 ) (60,384 )
34,003 293,879

Total members' interests
Loans and other debts due to members 6 224,056 337,713
Members' other interests (190,053 ) (43,834 )
Amounts due from members (1,000 ) (1,000 )
33,003 292,879

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 30 June 2023.

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 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 Income Statement has not been delivered.

Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Balance Sheet - continued
30 June 2023



The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2023 and were signed by:





G.A.T. Solutions Limited - Designated member

Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

ICG-Longbow Partners Investments NO3 LLP (the "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 (£).

Amounts in these financial statements are rounded to the nearest £.

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", the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 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.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
Financial assets and liabilities are recognised when the LLP becomes party to the contractual provisions of the financial instrument. The LLP holds both basic financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The members have chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables

Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the members assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the LLP will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

(iii) Equity investments

Equity investments comprise ordinary shares, publicly traded in active markets for which a reliable fair value can be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

(iv) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. Accounting policies - continued

Investment
Fixed asset investments are stated at cost less provision for diminution in value.

Taxation
As a limited liability partnership the firm is not liable for United Kingdom taxation, its profits being liable to income tax in the hands of the members. Therefore, no provision for taxation is made in the financial statements.

Members' remuneration profit allocation
Members' remuneration and profit allocation are stipulated in the Limited Liability Partnership Agreement, where the profits of the LLP, in respect of any financial year of the LLP, shall be allocated amongst the members in such a manner and in such proportions as shall be determined by them.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the Members have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

In addition, the LLPs assets are assessed for recoverability on a regular basis, and the Members consider that the LLP is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The Members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the LLP's ability to continue as a going concern. Thus the Members have continued to adopt the going concern basis of accounting in preparing these financial statements.

3. Employee information

The average number of employees during the year was NIL (2022 - NIL).

4. Fixed asset investments
Unlisted
investments
£
Cost
At 1 July 2022 293,020
Impairments (144,268 )
Reclassification/transfer (133,656 )
At 30 June 2023 15,096
Net book value
At 30 June 2023 15,096
At 30 June 2022 293,020

5. Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 2,400 2,400

Icg-Longbow Partners Investments
No.3 LLP (Registered number: OC385807)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


6. Loans and other debts due to members
2023 2022
£ £
Loans from members 224,056 337,713

Falling due within one year 224,056 337,713

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

7. Reserves
Other
reserves
£
At 1 July 2022 (60,384 )
Undivided profit (146,219 )
At 30 June 2023 (206,603 )

8. Ultimate controlling party

There is no one significant ultimate controlling party