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REGISTERED NUMBER: OC388082 (England and Wales)















Earlymarket LLP

Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024






Earlymarket LLP (Registered number: OC388082)






Contents of the Financial Statements
for the period 1 October 2022 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Earlymarket LLP

General Information
for the period 1 October 2022 to 31 March 2024







DESIGNATED MEMBERS: S Wills
P Wills





REGISTERED OFFICE: 19 Addison Avenue
London
W11 4QS





REGISTERED NUMBER: OC388082 (England and Wales)





ACCOUNTANTS: Penn and Company
Chartered Accountants and Chartered Tax Advisers
Stowupland
Stowmarket
Suffolk
IP14 4AX

Earlymarket LLP (Registered number: OC388082)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 49

CURRENT ASSETS
Debtors 5 3,631,428 3,528,890
Cash at bank 5,444 78,756
3,636,872 3,607,646
CREDITORS
Amounts falling due within one year 6 13,873 16,747
NET CURRENT ASSETS 3,622,999 3,590,899
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,622,999

3,590,948

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 3,622,999 3,590,948
3,622,999 3,590,948

TOTAL MEMBERS' INTERESTS
Members' other interests 3,622,999 3,590,948
Amounts due from members 5 (3,577,796 ) (2,247,530 )
45,203 1,343,418

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 period ended 31 March 2024.

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.

Earlymarket LLP (Registered number: OC388082)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed by:





P Wills - Designated member

Earlymarket LLP (Registered number: OC388082)

Notes to the Financial Statements
for the period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Earlymarket 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
Tax payable on the profits arising in the LLP are a personal tax liability of the members of the LLP and therefore are not included as a tax charge or provision within these financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
undertakings
£   
COST
At 1 October 2022 49
Disposals (49 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 30 September 2022 49

Earlymarket LLP (Registered number: OC388082)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

5. DEBTORS
2024 2022
£    £   
Amounts falling due within one year:
Amounts due from members 3,577,796 2,247,530
VAT - 1,322
Prepayments and accrued income - 11,319
3,577,796 2,260,171

Amounts falling due after more than one year:
Amounts owed by associates - 1,195,711
Other debtors 53,632 73,008
53,632 1,268,719

Aggregate amounts 3,631,428 3,528,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 3,464 11,926
Taxation and social security 6,570 817
Other creditors 3,839 4,004
13,873 16,747

Earlymarket LLP (Registered number: OC388082)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

7. RELATED PARTY DISCLOSURES

During the year the LLP had the following related party transactions:

2024 2022
Helipaddy Limited

Balance as at 1 October 73,007 (138,124 )
Purchased goods /services to be recharged to the entity 203 180,939
Recharged (203 ) (180,939 )
Payments made to, or on behalf of, the entity (19,375 ) 211,131
Balance as at 31 March 53,632 73,007

Helipaddy Limited is a company in which the Members of Earlymarket LLP have a controlling interest.

2024 2022
Get Heli Limited (Associated company)

Balance as at 1 October 1,195,711 839,727
Purchased goods /services to be recharged 1,360 130,425
Recharged (1,360 ) (130,425 )
Payments made to, or on behalf of, the entity 138,920 355,984
Amounts written off (1,334,631 ) -
Balance as at 31 March - 1,195,711

On 21st March 2024 the members of Get Heli Limited resolved that the company be wound up voluntarily and a liquidator be appointed. The members of Earlymarket LLP therefore consider that the loan is no longer recoverable and have written this off. The value of the investments as shown in note 9 has also been written down to £nil.