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REGISTERED NUMBER: OC322439 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

GILINKI LLP

GILINKI LLP (REGISTERED NUMBER: OC322439)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

GILINKI LLP

General Information
for the year ended 31 July 2023







Designated members: RTP Solutions Holdings Limited
VBM Ventures Limited





Registered office: 5-6 Station Buildings
Uxbridge Road
Ealing Common
London
W5 3NU





Registered number: OC322439 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

GILINKI LLP (REGISTERED NUMBER: OC322439)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 13,295 12,016

Current assets
Debtors 5 74,536 134,134
Cash at bank and in hand 129,323 111,853
203,859 245,987
Creditors
Amounts falling due within one year 6 141,236 105,407
Net current assets 62,623 140,580
Total assets less current liabilities
and
Net assets attributable to members 75,918 152,596

Loans and other debts due to members 8 75,918 152,596

Total members' interests
Loans and other debts due to members 8 75,918 152,596

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.

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 31 January 2024 and were signed by:




RTP Solutions Holdings Limited - Designated member




VBM Ventures Limited - Designated member


GILINKI LLP (REGISTERED NUMBER: OC322439)

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


1. Statutory information

Gilinki 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.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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 - 20% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the limited liability partnership becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the limited liability partnership are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities. Equity instruments issued by the limited liability partnership are recorded at the proceeds received, net of direct issue costs.

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

GILINKI LLP (REGISTERED NUMBER: OC322439)

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


2. Accounting policies - continued

Members' participating interests
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribe or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example a members' capital, are classed as liabilities unless the LLP has an unconitional right to refuse payment to memebers, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.

3. Employee information

The average number of employees during the year was 10 (2022 - 9 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 August 2022 13,783
Additions 5,044
At 31 July 2023 18,827
Depreciation
At 1 August 2022 1,767
Charge for year 3,765
At 31 July 2023 5,532
Net book value
At 31 July 2023 13,295
At 31 July 2022 12,016

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 63,851 60,915
Other debtors 10,685 73,219
74,536 134,134

GILINKI LLP (REGISTERED NUMBER: OC322439)

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


6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 27,937 39,449
Taxation and social security 57,856 47,581
Other creditors 55,443 18,377
141,236 105,407

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 28,761 28,761
Between one and five years 95,635 101,338
In more than five years 65,542 89,042
189,938 219,141

8. Loans and other debts due to members
2023 2022
£ £
Amounts owed to members in respect of profits 75,918 152,596

Falling due within one year 75,918 152,596

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

9. Related party transactions

During the period, the company traded with related parties. Throughout the period purchases from the related parties amounted to £57,539 (2022 - £54,434). At the balance sheet date, the company owed the related parties £3,874 (2022 - £5,792).

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Gilinki 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.

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 Gilinki LLP for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests 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 Gilinki 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 Gilinki LLP and state those matters that we have agreed to state to the members of Gilinki 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 Gilinki LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Gilinki 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 profit of Gilinki LLP. You consider that Gilinki LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gilinki 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.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


6 February 2024