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Company No: OC423520 (England and Wales)

ALEXIA MOTOR YACHT CHARTERS LLP

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

ALEXIA MOTOR YACHT CHARTERS LLP

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

ALEXIA MOTOR YACHT CHARTERS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 31 July 2023
ALEXIA MOTOR YACHT CHARTERS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 31 July 2023
DESIGNATED MEMBERS B Forrest-Jones
I R Forrest-Jones
REGISTERED OFFICE Towngate House
2-8 Parkstone Road
Poole
BH15 2PW
United Kingdom
REGISTERED NUMBER OC423520 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Towngate House
2-8 Parkstone Road
Poole
Dorset BH15 2PW
ALEXIA MOTOR YACHT CHARTERS LLP

BALANCE SHEET

As at 31 July 2023
ALEXIA MOTOR YACHT CHARTERS LLP

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 998,957 1,070,864
998,957 1,070,864
Current assets
Debtors 4 184,719 189,796
184,719 189,796
Creditors: amounts falling due within one year 5 ( 3,301) ( 3,306)
Net current assets 181,418 186,490
Total assets less current liabilities 1,180,375 1,257,354
Creditors: amounts falling due after more than one year 6 ( 34,111) ( 33,825)
Net assets attributable to members 1,146,264 1,223,529
Represented by
Members' other interests
Members' capital classified as equity 1,754,000 1,754,000
Other reserves (607,736) (530,471)
1,146,264 1,223,529
1,146,264 1,223,529
Total members' interests
Amounts due from members (included in debtors) (184,580) (189,657)
Members' other interests 1,146,264 1,223,529
961,684 1,033,872

For the financial year ending 31 July 2023 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 Alexia Motor Yacht Charters LLP (registered number: OC423520) were approved and authorised for issue by the Board of Directors on 11 April 2024. They were signed on its behalf by:

I R Forrest-Jones
Designated member
ALEXIA MOTOR YACHT CHARTERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
ALEXIA MOTOR YACHT CHARTERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
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

Alexia Motor Yacht Charters 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 2021 (SORP 2022).

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

Turnover

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance.
Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Fixtures and fittings 25 % reducing balance
Office equipment 20 % reducing balance

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transactions for an identical assets provides evidence of the fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place.
If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 2

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 August 2022 1,191,667 1,331 3,037 1,196,035
At 31 July 2023 1,191,667 1,331 3,037 1,196,035
Accumulated depreciation
At 01 August 2022 122,834 726 1,611 125,171
Charge for the financial year 71,500 121 286 71,907
At 31 July 2023 194,334 847 1,897 197,078
Net book value
At 31 July 2023 997,333 484 1,140 998,957
At 31 July 2022 1,068,833 605 1,426 1,070,864

4. Debtors

2023 2022
£ £
Other debtors 184,719 189,796

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 2,001 2,006
Other creditors 1,300 1,300
3,301 3,306

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 34,111 33,825