Unit Marine LLP
Annual Report and
Unaudited
Financial Statements
period from 16 September 2022 to 30 September 2023
Registration number: OC443896
Unit Marine LLP
Contents
Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Unit Marine LLP
Balance Sheet
30 September 2023
Note |
30 September 2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
(251,785) |
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Other amounts |
21,812 |
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(229,973) |
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Members’ other interests |
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Members' capital classified as equity |
1,754,567 |
|
1,524,594 |
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Total members' interests |
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Loans and other debts due to members |
(229,973) |
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Equity |
|
|
1,524,594 |
For the year ending 30 September 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Unit Marine LLP (registered number OC443896) were approved by the
Unit Marine LLP
Balance Sheet
30 September 2023 (continued)
......................................... |
Unit Marine LLP
Notes to the Financial Statements
Period from 16 September 2022 to 30 September 2023
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Walkes under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Unit Marine LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the members continue to financially support the company.
Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition
and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under
construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & Machinery |
15% reducing balance |
Members' interests
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
Unit Marine LLP
Notes to the Financial Statements (continued)
Period from 16 September 2022 to 30 September 2023
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Tangible fixed assets |
Plant and machinery |
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Cost |
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Additions |
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At 30 September 2023 |
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Depreciation |
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Charge for the year |
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At 30 September 2023 |
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Net book value |
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At 30 September 2023 |
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Debtors |
30 September 2023 |
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Prepayments |
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Total current trade and other debtors |
1,228 |