REGISTERED NUMBER: |
Financial Statements for the Year Ended 5 April 2023 |
for |
Titanic HW 2 LLP |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 5 April 2023 |
for |
Titanic HW 2 LLP |
Titanic HW 2 LLP (Registered number: OC412499) |
Contents of the Financial Statements |
for the Year Ended 5 April 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Titanic HW 2 LLP |
General Information |
for the Year Ended 5 April 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Titanic HW 2 LLP (Registered number: OC412499) |
Balance Sheet |
5 April 2023 |
5.4.23 | 5.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
3,892,579 |
3,892,579 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
- |
- |
MEMBERS' OTHER INTERESTS |
Capital accounts | 3,892,579 | 3,892,579 |
3,892,579 | 3,892,579 |
TOTAL MEMBERS' INTERESTS |
Members' other interests | 3,892,579 | 3,892,579 |
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. |
Titanic HW 2 LLP (Registered number: OC412499) |
Balance Sheet - continued |
5 April 2023 |
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 |
Titanic HW 2 LLP (Registered number: OC412499) |
Notes to the Financial Statements |
for the Year Ended 5 April 2023 |
1. | STATUTORY INFORMATION |
Titanic HW 2 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
Investments |
Investments comprise capital contributions made to an LLP recorded at cost less provisions for impairment. The contributions are treated as equity in the financial statements of the LLP that this LLP has invested in. |
Members' participation rights |
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed and profits). |
Members' participation rights are the 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 FRS 102 section 22. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. In the case of this LLP the members' agreement states that members do not have the right to demand repayment and therefore the contribution is classified as equity. |
Amounts subscribed or otherwise contributed by members, for example member's capital, are classed as equity if the LLP has an unconditional right to refuse payment members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. |
Accumulated losses of the LLP are deducted from members' capital contribution classed as equity. |
In the event of a winding up the LLP's creditors are paid from any surplus assets prior to their distribution to the members. |
Taxation |
The LLP is not liable for tax as this is a liability of the partners. |
Titanic HW 2 LLP (Registered number: OC412499) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2023 |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 6 April 2022 |
and 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.23 | 5.4.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.23 | 5.4.22 |
£ | £ |
Trade creditors |
Other creditors |