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REGISTERED NUMBER: OC403407 (England and Wales)








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: C Chaboud
Skylar International Limited





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: OC403407 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
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 4 806,000 806,000

CURRENT ASSETS
Debtors 5 130,518 124,461
Cash at bank 38,635 38,620
169,153 163,081
CREDITORS
Amounts falling due within one year 6 (18,250 ) (7,828 )
NET CURRENT ASSETS 150,903 155,253
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 (1,097,166 ) (1,061,670 )
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 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 December 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.

SKYLAR MAURITIUS INVESTMENTS LLP (REGISTERED NUMBER: OC403407)

BALANCE SHEET - continued
31 December 2023


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 5 August 2024 and were signed by:





C Chaboud - Designated member

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
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.

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 806,000
NET BOOK VALUE
At 31 December 2023 806,000
At 31 December 2022 806,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Amounts due from members 126,090 122,057
VAT 4,428 2,404
130,518 124,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
Trade creditors 639 640
Other creditors 17,611 7,188
18,250 7,828

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.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


5 August 2024