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REGISTERED NUMBER: OC403032 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Marina Consulting & Project Management
LLP

Marina Consulting & Project Management
LLP (Registered number: OC403032)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marina Consulting & Project Management
LLP

General Information
for the Year Ended 31 December 2022







Designated members: C M Khamis Johannsen
K A A Abouelgheit





Registered office: 48 Dover Street,
London
W1S 4FF





Registered number: OC403032 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Marina Consulting & Project Management
LLP (Registered number: OC403032)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes $    $   
Current assets
Debtors 4 169,416 189,422
Cash at bank 175,873 223,593
345,289 413,015
Creditors
Amounts falling due within one year 5 (44,543 ) (35,327 )
Net current assets 300,746 377,688
Total assets less current liabilities
and
Net assets attributable to members 300,746 377,688

Loans and other debts due to
members

6

300,744

377,686

Members' other interests
Capital accounts 2 2
300,746 377,688

Total members' interests
Loans and other debts due to members 6 300,744 377,686
Members' other interests 2 2
300,746 377,688

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 2022.

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.

Marina Consulting & Project Management
LLP (Registered number: OC403032)

Balance Sheet - continued
31 December 2022


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 17 January 2024 and were signed by:





C M Khamis Johannsen - Designated member

Marina Consulting & Project Management
LLP (Registered number: OC403032)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. Statutory information

Marina Consulting & Project Management LLP is a limited liability partnership incorporated in England and Wales. The registered office is 48 Dover Street, London, England, W1S 4FF.

The principal activity of the limited liability partnership continued to be that of consultancy services.

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 are prepared in United States dollars, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest $.

Turnover
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance sheet date are carried forward as work in progress.

Foreign currencies
Transactions in currencies other than United States dollars are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

Marina Consulting & Project Management
LLP (Registered number: OC403032)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


2. Accounting policies - continued

Members' participating interests
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 or otherwise contributed remuneration and profits).

Members' participation 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 section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and otherdebts due to members’ to the extent they exceed debts due from a specific member.

3. Employee information

The average number of employees during the year was 2 (2021 - 2 ) .

4. Debtors: amounts falling due within one year
31.12.22 31.12.21
$    $   
Trade debtors 169,414 189,420
Other debtors 2 2
169,416 189,422

5. Creditors: amounts falling due within one year
31.12.22 31.12.21
$    $   
Other creditors 44,543 35,327

6. Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.