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Registered number:
OC343108
Marine Geology Services LLP
Unaudited Accounts
for the Year Ended
28 February 2023


Marine Geology Services LLP
Balance Sheet
as at 28 February 2023

Notes 2023
£
2022
£
Fixed Assets
Tangible Assets 2 2,822 3,513
Investments 9,086,693 9,416,697
9,089,515 9,420,210
Current Assets
Debtors 2,580,411 2,580,411
Cash at bank and in hand 524,973 120,156
3,105,384 2,700,567
Creditors falling due within one year (2,571,800) (2,656,124)
Net Current Assets / (Liabilities) 533,584 44,443
Net Assets Attributable to Members 9,623,099 9,464,653
Represented by:
Loans and other debts due to members within one year
.
Members' other interests
Members' capital classified as a equity 9,623,099 9,464,653
9,623,099 9,464,653
.
Total members' interests
Members' other interests 9,623,099 9,464,653
9,623,099 9,464,653

Marine Geology Services LLP
Balance Sheet
as at 28 February 2023



These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to LLPs).

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

For the year ended 28 February 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The financial statements were approved by the members and signed on their behalf by:



.........................................................


Approved by members on 12 November 2023


BELKASO FOUNDATION

Designated Member

Marine Geology Services LLP

Registered number: OC343108 (England and Wales)


Marine Geology Services LLP
Notes to the Accounts
for the year ended 28 February 2023

1. Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 28 February 2023.

Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant & machinery 10% Straight Line
2. Tangible Fixed Assets
Plant & machinery Total
£ £
Cost
At 28 February 2022 6,910 6,910
At 28 February 2023 6,910 6,910
Depreciation
At 28 February 2022 3,397 3,397
Charge for the period 691 691
At 28 February 2023 4,088 4,088
Net book value
At 28 February 2023 2,822 2,822
At 28 February 2022 3,513 3,513

3. Employees
2023 2022
Average number of employees during the period 0 0

4. Other Information

The managers of the company did not receive any form of remuneration or emoluments during this period. The company primarily conducts business in foreign currencies, such as USD and RUB and therefore the accounts have been prepared in USD. Exchange rates on 28/02/2023 was 1.19956 USD per pound sterling.