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REGISTERED NUMBER: OC396365 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Trade Magic Projects LLP

Trade Magic Projects LLP (Registered number: OC396365)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Trade Magic Projects LLP

General Information
for the year ended 31 July 2023







DESIGNATED MEMBERS: Mrs R M Munoz De Duckett
Mr M Popielec





REGISTERED OFFICE: Cedar Croft
Hilliers Close
Sutton Courtenay
Abingdon
Oxfordshire
OX14 4AP





REGISTERED NUMBER: OC396365 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Trade Magic Projects LLP (Registered number: OC396365)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,684 54,857

CURRENT ASSETS
Debtors 5 24,436 8,078
Cash at bank 1,828 48,296
26,264 56,374
CREDITORS
Amounts falling due within one year 6 10,779 23,844
NET CURRENT ASSETS 15,485 32,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,169

87,387

CREDITORS
Amounts falling due after more than one
year

7

23,408

30,839
NET ASSETS ATTRIBUTABLE TO
MEMBERS

36,761

56,548

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

36,761

56,548

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 36,761 56,548
Amounts due from members 5 (14,376 ) -
22,385 56,548

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 July 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.

Trade Magic Projects LLP (Registered number: OC396365)

Balance Sheet - continued
31 July 2023


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.

The financial statements were approved by the members of the LLP and authorised for issue on 1 November 2023 and were signed by:




Mrs R M Munoz De Duckett - Designated member




Mr M Popielec - Designated member


Trade Magic Projects LLP (Registered number: OC396365)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Trade Magic Projects 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
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 80,427
Additions 3,342
At 31 July 2023 83,769
DEPRECIATION
At 1 August 2022 25,570
Charge for year 13,515
At 31 July 2023 39,085
NET BOOK VALUE
At 31 July 2023 44,684
At 31 July 2022 54,857

Trade Magic Projects LLP (Registered number: OC396365)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 9,779 7,833
Other debtors 14,657 245
24,436 8,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 7,431 7,829
Trade creditors 11 2,744
Other creditors 3,337 13,271
10,779 23,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 23,408 30,839

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank below other creditors in the event of a winding up of the LLP.

Trade Magic Projects LLP

Report of the Accountants to the Members of
Trade Magic Projects LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................