REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
FOR |
MIAS UK HOLDINGS LLP |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
FOR |
MIAS UK HOLDINGS LLP |
MIAS UK HOLDINGS LLP (REGISTERED NUMBER: OC446930) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MIAS UK HOLDINGS LLP |
GENERAL INFORMATION |
FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Eagle House |
28 Billing Road |
Northampton |
Northamptonshire |
NN1 5AJ |
MIAS UK HOLDINGS LLP (REGISTERED NUMBER: OC446930) |
BALANCE SHEET |
31 DECEMBER 2023 |
Notes | $ | $ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
125,553,351 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
125,541,351 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 12,000 |
125,553,351 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 125,541,351 |
Members' other interests | 12,000 |
Amounts due from members | (12,000 | ) |
125,541,351 |
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. |
MIAS UK HOLDINGS LLP (REGISTERED NUMBER: OC446930) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
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 |
MIAS UK HOLDINGS LLP (REGISTERED NUMBER: OC446930) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
MIAS UK Holdings LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the US Dollar ($). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Critical accounting judgements and key sources of estimation uncertainty |
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires the Members to exercise their judgement in the process of applying the accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below. |
Financial instruments |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
Investments |
Investments are held at fair value at the balance sheet date with changes in fair value recognised in the income statement and accumulated gains or losses reflected in the Fair Value reserve. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
$ |
Other investments not loans |
MIAS UK HOLDINGS LLP (REGISTERED NUMBER: OC446930) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 17 APRIL 2023 TO 31 DECEMBER 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Investments |
$ |
COST OR VALUATION |
Additions |
Disposals | ( |
) |
No description | (29,456 | ) |
Revaluations |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
Investments are revalued to fair value at each year end. |
The historical cost of the investments is £122,857,528. |
Investments (neither listed nor unlisted) were as follows: |
$ |
Investment cash | 1,039,116 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
$ |
Accruals and deferred income |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank equally with other unsecured creditors in the event of a |
winding up. |