Silverfin false 30/11/2023 01/12/2022 30/11/2023 Mrs Brigitte Kavula Fobbie 05/11/2018 Mr Francis Sheku Fobbie 05/11/2018 30 August 2024 OC424736 2023-11-30 OC424736 bus:Director1 2023-11-30 OC424736 bus:Director2 2023-11-30 OC424736 2022-11-30 OC424736 core:CurrentFinancialInstruments 2023-11-30 OC424736 core:CurrentFinancialInstruments 2022-11-30 OC424736 2022-12-01 2023-11-30 OC424736 bus:FullAccounts 2022-12-01 2023-11-30 OC424736 bus:SmallEntities 2022-12-01 2023-11-30 OC424736 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 OC424736 bus:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30 OC424736 bus:Director1 2022-12-01 2023-11-30 OC424736 bus:Director2 2022-12-01 2023-11-30 OC424736 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Company No: OC424736 (England and Wales)

FNB ASSETS LLP

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

FNB ASSETS LLP

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

FNB ASSETS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION

For the financial year ended 30 November 2023
FNB ASSETS LLP

LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)

For the financial year ended 30 November 2023
DESIGNATED MEMBERS Mrs Brigitte Kavula Fobbie
Mr Francis Sheku Fobbie
MEMBER Mrs Brigitte Kavula Fobbie
REGISTERED OFFICE 20-22 Wenlock Road
London
N1 7GU
England
United Kingdom
REGISTERED NUMBER OC424736 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
FNB ASSETS LLP

BALANCE SHEET

As at 30 November 2023
FNB ASSETS LLP

BALANCE SHEET (continued)

As at 30 November 2023
2023 2022
£ £
Current assets
Cash at bank and in hand 661 213
661 213
Creditors: amounts falling due within one year 4 ( 4,660) ( 4,660)
Net current liabilities (3,999) (4,447)
Total assets less current liabilities (3,999) (4,447)
Net liabilities attributable to members ( 3,999) ( 4,447)
Represented by
Members' other interests
Members' capital classified as equity 70,976 68,388
Other reserves (74,975) (72,835)
(3,999) (4,447)
(3,999) (4,447)
Total members' interests
Members' other interests (3,999) (4,447)
(3,999) (4,447)

For the financial year ending 30 November 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of FNB Assets LLP (registered number: OC424736) were approved and authorised for issue by the Board of Directors on 30 August 2024. They were signed on its behalf by:

Mr Francis Sheku Fobbie
Designated member
FNB ASSETS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
FNB ASSETS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FNB Assets LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 20-22 Wenlock Road, London, N1 7GU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the LLP’s accounting policies, the members are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the members have made in the process of applying the LLP’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 2

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 4,660 4,660