1 March 2022 false No description of principal activity Taxfiler 2023.14 OC435704business:LimitedLiabilityPartnershipLLP2022-03-012023-01-31 OC4357042022-02-28 OC4357042022-03-012023-01-31 OC435704business:AuditExempt-NoAccountantsReport2022-03-012023-01-31 OC435704business:FullAccounts2022-03-012023-01-31 OC4357042023-01-31 OC435704business:PartnerLLP12022-03-012023-01-31 OC435704business:PartnerLLP22022-03-012023-01-31 OC435704business:RegisteredOffice2022-03-012023-01-31 OC4357042022-02-28 OC435704core:WithinOneYear2023-01-31 OC435704core:WithinOneYear2022-02-28 OC435704business:SmallEntities2022-03-012023-01-31 OC435704countries:EnglandWales2022-03-012023-01-31 OC4357042021-02-252022-02-28 iso4217:GBP xbrli:pure
Registered No. OC435704 (England and Wales)
Karenor Rugby LLP Unaudited accounts for the period from 1 March 2022 to 31 January 2023
Karenor Rugby LLP LLP Information for the period from 1 March 2022 to 31 January 2023
Designated members
Karenor Equity Ltd
Migdalor - Alternative Products (Rugby)
Registered Number
OC435704 (England and Wales)
Registered Office
128 Loudoun Road London NW8 0ND
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Karenor Rugby LLP Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
100 
100 
Current assets
Debtors
5,056,112 
5,296,047 
Creditors: amounts falling due within one year
(46,350)
(18,850)
Net current assets
5,009,762 
5,277,197 
Net assets attributable to members
5,009,862 
5,277,297 
Represented by:
Loans and other debts due to members
5,009,862 
5,277,297 
5,009,862 
5,277,297 
Total members' interests
Loans and other debts due to members
5,009,862 
5,277,297 
5,009,862 
5,277,297 
For the period ending 31 January 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 January 2024.
Karenor Equity Ltd Designated member Limited Liability Partnership Registration No. OC435704
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Karenor Rugby LLP Notes to the Accounts for the period from 1 March 2022 to 31 January 2023
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at cost.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
2
Statutory information
Karenor Rugby LLP is a limited liability partnership, incorporated in England and Wales, registration number OC435704. Its registered office is 128 Loudoun Road, London, NW8 0ND.
3
Investments
Subsidiary undertakings 
Cost
£ 
At 1 March 2022
100 
At 31 January 2023
100 
Investments at 28 February 2023 relates to the following investments in shares. Subsidiary undertaking: Karenor Partners Ltd - incorporated in England and Wales.
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Karenor Rugby LLP Notes to the Accounts for the period from 1 March 2022 to 31 January 2023
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
100 
100 
Accruals
46,250 
18,750 
46,350 
18,850 
5
Loans and other debts due to members
2023 
2022 
£ 
£ 
Loans from members
5,009,862 
5,277,297 
Amounts falling due within one year
5,009,862 
5,277,297 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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