Silverfin false 30/11/2022 01/12/2021 30/11/2022 De-Charles Energy Limited 27/11/2013 Ndubuisi Kejeh 27/11/2013 24 November 2023 OC389501 2022-11-30 OC389501 bus:Director1 2022-11-30 OC389501 bus:Director2 2022-11-30 OC389501 2021-11-30 OC389501 core:CurrentFinancialInstruments 2022-11-30 OC389501 core:CurrentFinancialInstruments 2021-11-30 OC389501 core:OtherPropertyPlantEquipment 2021-11-30 OC389501 core:OtherPropertyPlantEquipment 2022-11-30 OC389501 2021-12-01 2022-11-30 OC389501 bus:FullAccounts 2021-12-01 2022-11-30 OC389501 bus:SmallEntities 2021-12-01 2022-11-30 OC389501 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 OC389501 bus:LimitedLiabilityPartnershipLLP 2021-12-01 2022-11-30 OC389501 bus:Director1 2021-12-01 2022-11-30 OC389501 bus:Director2 2021-12-01 2022-11-30 OC389501 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-12-01 2022-11-30 OC389501 2020-12-01 2021-11-30 OC389501 core:OtherPropertyPlantEquipment 2021-12-01 2022-11-30 OC389501 1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Company No: OC389501 (England and Wales)

DE-CHARLES LLP

Unaudited Financial Statements
For the financial year ended 30 November 2022
Pages for filing with the registrar

DE-CHARLES LLP

Unaudited Financial Statements

For the financial year ended 30 November 2022

Contents

DE-CHARLES LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 30 November 2022
DE-CHARLES LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 30 November 2022
DESIGNATED MEMBERS De-Charles Energy Limited
Ndubuisi Kejeh
REGISTERED OFFICE 42 Church Road
London
SE19 2ET
United Kingdom
REGISTERED NUMBER OC389501 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
DE-CHARLES LLP

BALANCE SHEET

As at 30 November 2022
DE-CHARLES LLP

BALANCE SHEET (continued)

As at 30 November 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 4 0 1,495
0 1,495
Current assets
Cash at bank and in hand 5 0 113
0 113
Creditors: amounts falling due within one year 6 0 ( 1,863)
Net current liabilities 0 (1,750)
Total assets less current liabilities 0 (255)
Net liabilities attributable to members 0 ( 255)
Represented by
Loans and other debts due to members within one year
Other amounts 0 2,628
0 2,628
Members' other interests
Other reserves 0 (2,883)
0 (2,883)
0 (255)
Total members' interests
Loans and other debts due to members 0 2,628
Members' other interests 0 (2,883)
0 (255)

For the financial year ending 30 November 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of De-Charles LLP (registered number: OC389501) were approved and authorised for issue by the Board of Directors on 24 November 2023. They were signed on its behalf by:

Ndubuisi Kejeh
Designated member
DE-CHARLES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
DE-CHARLES LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

De-Charles LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 42 Church Road, London, SE19 2ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2018 (SORP 2018).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2022 the members made the decision that the LLP would cease trading and that the residual trading activities be transferred to certain fellow related companies. The transfer was finalised by 30 November 2022. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership 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.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the LLP during the year 0 0

3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

2022 2021
Number Number
Average number of members during the financial year 2 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2021 2,452 2,452
Disposals ( 2,452) ( 2,452)
At 30 November 2022 0 0
Accumulated depreciation
At 01 December 2021 957 957
Charge for the financial year 820 820
Disposals ( 1,777) ( 1,777)
At 30 November 2022 0 0
Net book value
At 30 November 2022 0 0
At 30 November 2021 1,495 1,495

5. Cash and cash equivalents

2022 2021
£ £
Cash at bank and in hand 0 113

6. Creditors: amounts falling due within one year

2022 2021
£ £
Other creditors 0 1,863

7. Financial commitments

The LLP had no material commitments at the year ended 30 November 2022.

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the LLP since the financial year.