REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
for |
Marina Consulting & Project Management |
LLP |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Net current assets |
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 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 |
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 |
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 |
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 |
4. | Debtors: amounts falling due within one year |
31.12.22 | 31.12.21 |
$ | $ |
Trade debtors |
Other debtors |
5. | Creditors: amounts falling due within one year |
31.12.22 | 31.12.21 |
$ | $ |
Other creditors |
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. |