LONGCROSS GENERAL PARTNER LIMITED

Company Registration Number:
13106500 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

LONGCROSS GENERAL PARTNER LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LONGCROSS GENERAL PARTNER LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the Company is to act as a General Partner to its limited partnership, Longcross Limited Partnership (the "Partnership"). This will continue to be the principal activity of the Company for the foreseeable future. The Partnership is a partnership within the meaning of the Limited Partnerships Act 1907 and the Company is the General Partner to the Partnership.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Timothy Hugo Russell


The directors shown below have held office during the period of
1 January 2023 to 6 January 2023

Imogen Ebbs
Thomas Edward Goodwin


The director shown below has held office during the period of
6 January 2023 to 31 December 2023

Michael Borello


Secretary Aztec Financial Services (Jersey) Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 May 2024

And signed on behalf of the board by:
Name: Timothy Hugo Russell
Status: Director

LONGCROSS GENERAL PARTNER LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 16,645 14,325
Gross profit(or loss): 16,645 14,325
Administrative expenses: ( 16,645 ) ( 14,325 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

LONGCROSS GENERAL PARTNER LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 2 2
Total fixed assets: 2 2
Current assets
Debtors: 4 41,213 24,567
Total current assets: 41,213 24,567
Creditors: amounts falling due within one year: 5 ( 41,214 ) ( 24,568 )
Net current assets (liabilities): (1) (1)
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Total Shareholders' funds: 1 1

The notes form part of these financial statements

LONGCROSS GENERAL PARTNER LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 June 2024
and signed on behalf of the board by:

Name: Timothy Hugo Russell
Status: Director

The notes form part of these financial statements

LONGCROSS GENERAL PARTNER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received, excluding discounts, rebates and other sales taxes or duty. The Company is entitled to an amount equal to the GP profit share. The GP profit share is the higher of (1) the aggregated administrative and operational costs and expenses incurred by the Company between the date of the prior distribution income and the date of the distribution income; and (2) 0.01% per annum of the income of the Partnership available for distribution. It is required that no distribution to the Company shall be made that would render the Partnership insolvent or unable to pay its expenses for the six month period following a distribution, having regard to the expected receipts of the Partnership. The turnover of the Company is the income distribution from the Partnership.

LONGCROSS GENERAL PARTNER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

LONGCROSS GENERAL PARTNER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

See attached FS

LONGCROSS GENERAL PARTNER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 41,213 24,567
Total 41,213 24,567

LONGCROSS GENERAL PARTNER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 17,804 23,036
Other creditors 23,410 1,532
Total 41,214 24,568