REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SKYLAR MAURITIUS INVESTMENTS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SKYLAR MAURITIUS INVESTMENTS LLP |
SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 6 |
SKYLAR MAURITIUS INVESTMENTS LLP |
GENERAL INFORMATION |
for the year ended 31 December 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Ashbourne House |
The Guildway |
Old Portsmouth Road |
Guildford |
Surrey |
GU3 1LR |
SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407) |
BALANCE SHEET |
31 December 2023 |
2023 | 2022 |
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 | 956,903 | 961,253 |
LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 654,067 | 622,921 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,400,002 | 1,400,002 |
Other reserves | ( |
) | ( |
) |
956,903 | 961,253 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 654,067 | 622,921 |
Members' other interests | 302,836 | 338,332 |
Amounts due from members | 5 | (126,090 | ) | (122,057 | ) |
830,813 | 839,196 |
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. |
SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407) |
BALANCE SHEET - continued |
31 December 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 |
SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Skylar Mauritius Investments 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 |
The Financial Statements have been prepared on a going concern basis. This basis is considered appropriate by the members as the LLP has sufficient funds to meet its liabilities as they fall due. In the event that further funding or support is required this will be provided by the Designated Members. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities. |
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. The LLP has no financial assets nor liabilities which are measured at fair value through profit or loss. |
Trade and other debtors are recognised and carried forward at invoiced amounts less provision for any doubtful debts. Bad debts are written off when identified. |
Cash and cash equivalents comprise of cash at bank and in hand, and are included in the balance sheet at cost. |
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
The LLP has no non-basic financial instruments. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Investments |
Investments in subsidiaries are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
€ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Amounts due from members | 126,090 | 122,057 |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Trade creditors |
Other creditors |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2023 | 2022 |
€ | € |
Loans from members | 654,067 | 622,921 |
Falling due within one year | 654,067 | 622,921 |
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. |
8. | ULTIMATE CONTROLLING PARTY |
The immediate parent undertaking is Skylar International Limited, a company incorporated in England and |
Wales. |
The ultimate parent undertaking is Skylar Consulting Limited, a company incorporated in Mauritius. |
The ultimate controlling party is C Chaboud. |
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SKYLAR MAURITIUS INVESTMENTS 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 Skylar Mauritius Investments LLP for the year ended 31 December 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 Skylar Mauritius Investments 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 Skylar Mauritius Investments LLP and state those matters that we have agreed to state to the members of Skylar Mauritius Investments 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 Skylar Mauritius Investments LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Skylar Mauritius Investments 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 loss of Skylar Mauritius Investments LLP. You consider that Skylar Mauritius Investments 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 Skylar Mauritius Investments 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. |
This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk. |
Chartered Accountants |
Ashbourne House |
The Guildway |
Old Portsmouth Road |
Guildford |
Surrey |
GU3 1LR |